W.P. Carey Inc. (NYSE:WPC) Director Mary M. Vandeweghe acquired 940 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was purchased at an average cost of $58.67 per share, with a total value of $55,149.80. Following the completion of the purchase, the director now directly owns 7,484 shares of the company’s stock, valued at approximately $439,086.28. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

W.P. Carey Inc. (NYSE:WPC) opened at 57.78 on Thursday. The firm has a market capitalization of $6.14 billion, a PE ratio of 22.84 and a beta of 0.90. W.P. Carey Inc. has a 1-year low of $51.12 and a 1-year high of $72.89. The company’s 50-day moving average price is $62.21 and its 200 day moving average price is $65.63.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Thursday, November 3rd. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by $0.17. W.P. Carey had a net margin of 30.17% and a return on equity of 7.71%. The business earned $204.20 million during the quarter, compared to analyst estimates of $176.33 million. During the same period in the previous year, the firm posted $1.19 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that W.P. Carey Inc. will post $2.20 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Monday, October 3rd were paid a $0.985 dividend. This represents a $3.94 annualized dividend and a dividend yield of 6.82%. The ex-dividend date was Thursday, September 29th. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.98. W.P. Carey’s payout ratio is presently 155.73%.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $81.00 price objective on shares of W.P. Carey in a research note on Friday, September 23rd. Zacks Investment Research cut W.P. Carey from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of W.P. Carey in a research note on Sunday, September 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $71.63.

Several large investors have recently added to or reduced their stakes in WPC. Vanguard Group Inc. raised its stake in W.P. Carey by 6.0% in the second quarter. Vanguard Group Inc. now owns 15,057,575 shares of the company’s stock valued at $1,045,297,000 after buying an additional 855,152 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in W.P. Carey by 4.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,371,099 shares of the company’s stock worth $217,537,000 after buying an additional 132,453 shares in the last quarter. State Street Corp raised its position in W.P. Carey by 3.3% in the second quarter. State Street Corp now owns 1,665,478 shares of the company’s stock worth $115,621,000 after buying an additional 53,491 shares in the last quarter. BlackRock Fund Advisors raised its position in W.P. Carey by 7.7% in the third quarter. BlackRock Fund Advisors now owns 1,616,263 shares of the company’s stock worth $104,297,000 after buying an additional 115,590 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in W.P. Carey by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,277,323 shares of the company’s stock worth $88,671,000 after buying an additional 16,219 shares in the last quarter. 47.76% of the stock is owned by institutional investors and hedge funds.

About W.P. Carey

W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by the Company under the Corporate Property Associates brand name (the CPA REITs) and invests in similar properties.

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