WP Carey Inc (NYSE:WPC) Director Christopher Niehaus acquired 3,850 shares of the stock in a transaction on Tuesday, November 13th. The shares were acquired at an average price of $66.08 per share, for a total transaction of $254,408.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of WPC stock traded down $0.29 on Tuesday, hitting $65.93. The stock had a trading volume of 1,876,137 shares, compared to its average volume of 517,521. The company has a market cap of $10.40 billion, a P/E ratio of 12.44 and a beta of 0.55. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.18 and a quick ratio of 0.18. WP Carey Inc has a 12-month low of $59.23 and a 12-month high of $72.41.

WP Carey (NYSE:WPC) last announced its earnings results on Friday, November 2nd. The real estate investment trust reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.08. The company had revenue of $209.40 million during the quarter, compared to the consensus estimate of $215.47 million. WP Carey had a net margin of 39.03% and a return on equity of 8.78%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 earnings per share. As a group, research analysts expect that WP Carey Inc will post 5.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 1st were issued a $1.025 dividend. The ex-dividend date of this dividend was Friday, September 28th. This represents a $4.10 annualized dividend and a dividend yield of 6.22%. This is an increase from WP Carey’s previous quarterly dividend of $1.02. WP Carey’s dividend payout ratio is currently 77.36%.

Several research analysts have weighed in on WPC shares. Bank of America upped their price objective on shares of WP Carey from $59.00 to $66.25 and gave the stock an “underperform” rating in a report on Monday, August 13th. Zacks Investment Research downgraded shares of WP Carey from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, ValuEngine downgraded shares of WP Carey from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $70.08.

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in shares of WP Carey in the second quarter valued at about $117,000. Girard Partners LTD. purchased a new stake in shares of WP Carey in the third quarter valued at about $113,000. First Hawaiian Bank purchased a new stake in shares of WP Carey in the third quarter valued at about $123,000. Chicago Capital LLC purchased a new stake in shares of WP Carey in the second quarter valued at about $207,000. Finally, Gradient Capital Advisors LLC purchased a new stake in shares of WP Carey in the second quarter valued at about $213,000. Institutional investors own 48.54% of the company’s stock.

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WP Carey Company Profile

Celebrating its 45th anniversary, W. P. Carey ranks among the largest diversified net lease REITs with an enterprise value of over $11 billion and a portfolio of operationally-critical commercial real estate totaling 878 properties covering approximately 87 million square feet. For over four decades the Company has invested in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators.

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