Nisa Investment Advisors LLC boosted its position in shares of W.P. Carey Inc. (NYSE:WPC) by 1,716.7% during the second quarter, Holdings Channel reports. The fund owned 5,450 shares of the real estate investment trust’s stock after buying an additional 5,150 shares during the period. Nisa Investment Advisors LLC’s holdings in W.P. Carey were worth $360,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of W.P. Carey during the first quarter worth about $703,000. Wells Fargo & Company MN raised its position in shares of W.P. Carey by 10.5% in the first quarter. Wells Fargo & Company MN now owns 395,031 shares of the real estate investment trust’s stock worth $24,579,000 after buying an additional 37,422 shares during the last quarter. First Midwest Bank Trust Division raised its position in shares of W.P. Carey by 9.6% in the first quarter. First Midwest Bank Trust Division now owns 7,790 shares of the real estate investment trust’s stock worth $485,000 after buying an additional 680 shares during the last quarter. IFP Advisors Inc raised its position in shares of W.P. Carey by 4.5% in the first quarter. IFP Advisors Inc now owns 39,823 shares of the real estate investment trust’s stock worth $2,478,000 after buying an additional 1,724 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of W.P. Carey by 7.5% in the first quarter. Russell Investments Group Ltd. now owns 9,697 shares of the real estate investment trust’s stock worth $603,000 after buying an additional 678 shares during the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

Shares of W.P. Carey Inc. (WPC) traded down 0.15% during trading on Friday, reaching $65.87. The company’s stock had a trading volume of 259,289 shares. The company has a market capitalization of $7.04 billion, a P/E ratio of 25.36 and a beta of 0.88. The company’s 50-day moving average is $67.29 and its 200-day moving average is $64.32. W.P. Carey Inc. has a 12 month low of $55.77 and a 12 month high of $69.00.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 6.07%. 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 payout ratio is 154.44%.

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A number of brokerages have issued reports on WPC. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a research note on Friday, June 16th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $69.00 price target (up from $59.50) on shares of W.P. Carey in a research note on Friday, June 16th. Evercore ISI lowered 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 note on Monday, June 12th. BidaskClub lowered W.P. Carey from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, ValuEngine lowered W.P. Carey from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. W.P. Carey presently has an average rating of “Hold” and a consensus 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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