Nykredit A S Makes New $5.74 Million Investment in W.P. Carey Inc. $WPC

Nykredit A S bought a new stake in W.P. Carey Inc. (NYSE:WPC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 80,333 shares of the real estate investment trust’s stock, valued at approximately $5,744,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Retirement Investments LLC acquired a new position in shares of W.P. Carey during the 4th quarter valued at about $26,000. Osbon Capital Management LLC acquired a new stake in W.P. Carey during the fourth quarter worth about $29,000. Headlands Technologies LLC acquired a new stake in W.P. Carey during the second quarter worth about $30,000. Wealth Watch Advisors INC purchased a new position in W.P. Carey during the third quarter worth about $33,000. Finally, Avalon Trust Co purchased a new position in W.P. Carey during the second quarter worth about $36,000. 73.73% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Trading Down 0.1%

NYSE WPC opened at $70.33 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.22 and a quick ratio of 0.22. The stock has a market capitalization of $16.02 billion, a P/E ratio of 24.00, a PEG ratio of 3.51 and a beta of 0.75. The firm’s 50-day moving average is $72.24 and its two-hundred day moving average is $72.46. W.P. Carey Inc. has a 12 month low of $63.08 and a 12 month high of $77.22.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.94 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $3.76 annualized dividend and a dividend yield of 5.3%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s dividend payout ratio (DPR) is currently 128.33%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on WPC shares. Scotiabank increased their price target on shares of W.P. Carey from $76.00 to $77.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Barclays raised shares of W.P. Carey from an “underweight” rating to an “equal weight” rating and set a $80.00 price target on the stock in a research report on Friday. BMO Capital Markets decreased their price objective on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Thursday, June 18th. UBS Group reiterated a “neutral” rating on shares of W.P. Carey in a research report on Wednesday, July 29th. Finally, Bank of America raised W.P. Carey from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $73.00 to $83.00 in a research note on Tuesday, June 16th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, W.P. Carey presently has a consensus rating of “Moderate Buy” and an average price target of $79.38.

W.P. Carey Profile

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.