W.P. Carey Inc. (NYSE:WPC) shares reached a new 52-week high during trading on Monday . The stock traded as high as $69.91 and last traded at $69.82, with a volume of 303,346 shares traded. The stock had previously closed at $68.94.

WPC has been the subject of several research analyst reports. Evercore ISI raised their price target on W.P. Carey from $63.00 to $64.50 and gave the stock a “hold” rating in a research report on Monday, March 21st. TheStreet upgraded W.P. Carey from a “hold” rating to a “buy” rating in a research report on Thursday, May 5th. Zacks Investment Research upgraded W.P. Carey from a “hold” rating to a “strong-buy” rating and set a $74.00 price target for the company in a research report on Wednesday, May 25th. BMO Capital Markets restated a “hold” rating on shares of W.P. Carey in a research report on Thursday, June 23rd. Finally, Citigroup Inc. raised their price target on W.P. Carey from $54.00 to $59.00 and gave the stock a “sell” rating in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $66.13.

The stock’s 50 day moving average is $67.14 and its 200 day moving average is $61.45. The company has a market cap of $7.32 billion and a price-to-earnings ratio of 38.60.

W.P. Carey (NYSE:WPC) last issued its earnings results on Thursday, May 5th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.87. The company earned $244.20 million during the quarter, compared to analyst estimates of $177.19 million. During the same quarter last year, the company posted $1.22 EPS. On average, equities analysts anticipate that W.P. Carey Inc. will post $2.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.98 per share. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $3.92 annualized dividend and a yield of 5.61%.

In other W.P. Carey news, Director Mary M. Vandeweghe acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were purchased at an average price of $63.08 per share, for a total transaction of $63,080.00. Following the completion of the purchase, the director now directly owns 5,389 shares in the company, valued at $339,938.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Other large investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in W.P. Carey by 14.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,228,573 shares of the company’s stock valued at $72,487,000 after buying an additional 155,487 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in W.P. Carey by 4.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 52,488 shares of the company’s stock valued at $3,097,000 after buying an additional 2,088 shares during the period. Rench Wealth Management Inc. raised its stake in W.P. Carey by 14.6% in the fourth quarter. Rench Wealth Management Inc. now owns 48,322 shares of the company’s stock valued at $2,851,000 after buying an additional 6,150 shares during the period. Mizuho Trust & Banking Co. Ltd. raised its stake in W.P. Carey by 2.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 18,308 shares of the company’s stock valued at $1,092,000 after buying an additional 434 shares during the period. Finally, Wellington Shields & Co. LLC raised its stake in W.P. Carey by 6.1% in the fourth quarter. Wellington Shields & Co. LLC now owns 17,666 shares of the company’s stock valued at $1,042,000 after buying an additional 1,012 shares during the period.

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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