W. P. Carey Inc. (NYSE:WPC) Stock Holdings Increased by IHT Wealth Management LLC

IHT Wealth Management LLC increased its holdings in W. P. Carey Inc. (NYSE:WPCGet Rating) by 51.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,123 shares of the real estate investment trust’s stock after purchasing an additional 4,144 shares during the quarter. IHT Wealth Management LLC’s holdings in W. P. Carey were worth $846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of W. P. Carey by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,116,658 shares of the real estate investment trust’s stock worth $1,962,542,000 after purchasing an additional 304,592 shares in the last quarter. State Street Corp raised its holdings in shares of W. P. Carey by 17.1% during the first quarter. State Street Corp now owns 9,572,789 shares of the real estate investment trust’s stock valued at $783,467,000 after acquiring an additional 1,400,997 shares during the period. Legal & General Group Plc raised its holdings in shares of W. P. Carey by 22.0% during the second quarter. Legal & General Group Plc now owns 2,557,470 shares of the real estate investment trust’s stock valued at $211,913,000 after acquiring an additional 460,939 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of W. P. Carey by 37.7% during the third quarter. Commonwealth Equity Services LLC now owns 1,960,968 shares of the real estate investment trust’s stock valued at $136,875,000 after acquiring an additional 537,114 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of W. P. Carey by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,915,703 shares of the real estate investment trust’s stock valued at $154,866,000 after acquiring an additional 97,795 shares during the period. 62.73% of the stock is currently owned by institutional investors.

W. P. Carey Stock Performance

Shares of WPC opened at $77.65 on Friday. The company’s 50 day moving average price is $82.52 and its 200 day moving average price is $79.64. W. P. Carey Inc. has a 52 week low of $67.76 and a 52 week high of $89.63. The company has a market capitalization of $16.35 billion, a PE ratio of 25.97, a PEG ratio of 11.47 and a beta of 0.77. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.27 and a current ratio of 0.27.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be given a dividend of $1.067 per share. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from W. P. Carey’s previous quarterly dividend of $1.07. This represents a $4.27 dividend on an annualized basis and a yield of 5.50%. W. P. Carey’s payout ratio is presently 142.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WPC shares. Royal Bank of Canada boosted their price target on shares of W. P. Carey from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, February 13th. StockNews.com started coverage on shares of W. P. Carey in a report on Thursday. They set a “hold” rating on the stock. Raymond James boosted their price target on shares of W. P. Carey from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, December 19th. Finally, Capital One Financial reaffirmed an “overweight” rating on shares of W. P. Carey in a research report on Monday, December 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, W. P. Carey has a consensus rating of “Moderate Buy” and a consensus target price of $86.80.

W. P. Carey Profile

(Get Rating)

W.P. Carey, Inc is an investment trust company, which engages in the commercial real estate business. It operates through the Real Estate and Investment Management segments. The Real Estate segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates investments and debt placement transactions for real estate investment trusts, and manages portfolios of real estate investments.

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Institutional Ownership by Quarter for W. P. Carey (NYSE:WPC)

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