Brown Advisory Inc. Buys 138,379 Shares of W. P. Carey Inc. (NYSE:WPC)

Brown Advisory Inc. increased its stake in shares of W. P. Carey Inc. (NYSE:WPCGet Rating) by 17.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 915,020 shares of the real estate investment trust’s stock after buying an additional 138,379 shares during the quarter. Brown Advisory Inc. owned 0.47% of W. P. Carey worth $74,087,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Outfitter Financial LLC bought a new position in W. P. Carey in the 4th quarter valued at $25,000. Fairfield Bush & CO. acquired a new stake in shares of W. P. Carey in the 1st quarter valued at $26,000. Gibson Wealth Advisors LLC acquired a new stake in shares of W. P. Carey during the fourth quarter worth $36,000. JJJ Advisors Inc. grew its stake in shares of W. P. Carey by 40.2% during the first quarter. JJJ Advisors Inc. now owns 488 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 140 shares during the period. Finally, City State Bank acquired a new stake in shares of W. P. Carey during the fourth quarter worth $42,000. Institutional investors own 58.86% of the company’s stock.

Analyst Ratings Changes

WPC has been the subject of a number of analyst reports. StockNews.com cut W. P. Carey from a “buy” rating to a “hold” rating in a research note on Wednesday, June 1st. Wolfe Research began coverage on W. P. Carey in a research note on Monday, June 27th. They set a “market perform” rating and a $88.00 price objective for the company. Royal Bank of Canada boosted their target price on W. P. Carey from $87.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. Raymond James boosted their price target on W. P. Carey from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, July 8th. Finally, JMP Securities boosted their price target on W. P. Carey from $87.00 to $93.00 and gave the company a “market outperform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.80.

W. P. Carey Stock Performance

WPC opened at $84.62 on Friday. W. P. Carey Inc. has a 52-week low of $73.02 and a 52-week high of $89.63. The firm has a market capitalization of $16.32 billion, a PE ratio of 30.77, a PEG ratio of 9.19 and a beta of 0.67. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.20 and a current ratio of 0.11. The business’s 50-day simple moving average is $83.58 and its 200 day simple moving average is $81.00.

W. P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $1.059 per share. This represents a $4.24 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend was Wednesday, June 29th. This is a positive change from W. P. Carey’s previous quarterly dividend of $1.06. W. P. Carey’s dividend payout ratio is presently 154.18%.

W. P. Carey Profile

(Get Rating)

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators.

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

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