Joel Isaacson & Co. LLC continued to hold its position in shares of W.P. Carey Inc. (NYSE:WPC) during the second quarter, Holdings Channel reports. The firm owned 3,758 shares of the real estate investment trust’s stock at the end of the second quarter. Joel Isaacson & Co. LLC’s holdings in W.P. Carey were worth $248,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in W.P. Carey by 2.4% in the first quarter. Vanguard Group Inc. now owns 16,099,968 shares of the real estate investment trust’s stock worth $1,001,740,000 after buying an additional 380,735 shares during the period. BlackRock Inc. increased its position in W.P. Carey by 4,264.3% in the first quarter. BlackRock Inc. now owns 6,517,625 shares of the real estate investment trust’s stock worth $405,525,000 after buying an additional 6,368,287 shares during the period. State Street Corp increased its position in W.P. Carey by 5.0% in the first quarter. State Street Corp now owns 1,937,604 shares of the real estate investment trust’s stock worth $120,555,000 after buying an additional 91,493 shares during the period. UBS Group AG increased its position in W.P. Carey by 0.4% in the first quarter. UBS Group AG now owns 1,606,441 shares of the real estate investment trust’s stock worth $99,952,000 after buying an additional 6,652 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in W.P. Carey by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,343,732 shares of the real estate investment trust’s stock worth $83,606,000 after buying an additional 21,224 shares during the period. Institutional investors and hedge funds own 49.40% of the company’s stock.

W.P. Carey Inc. (WPC) opened at 66.46 on Thursday. W.P. Carey Inc. has a 52-week low of $55.77 and a 52-week high of $69.73. The firm has a market cap of $7.08 billion, a P/E ratio of 26.81 and a beta of 0.88. The firm’s 50-day moving average price is $67.36 and its 200-day moving average price is $64.28.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by $0.56. W.P. Carey had a net margin of 34.97% and a return on equity of 8.10%. The firm had revenue of $221.52 million during the quarter, compared to analyst estimates of $221.19 million. During the same period last year, the business posted $1.24 EPS. The company’s revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that W.P. Carey Inc. will post $2.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from W.P. Carey’s previous quarterly dividend of $1.00. W.P. Carey’s dividend payout ratio (DPR) is 154.44%.

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A number of research firms have weighed in on WPC. Evercore ISI downgraded W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 price target for the company. in a research report on Monday, June 12th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $69.00 price target (up previously from $59.50) on shares of W.P. Carey in a research report on Friday, June 16th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a research report on Friday, June 16th. Finally, ValuEngine downgraded W.P. Carey from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $67.75.

W.P. Carey Company Profile

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

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