Stifel Financial Corp trimmed its position in W. P. Carey Inc. (NYSE:WPC) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,333 shares of the real estate investment trust’s stock after selling 702 shares during the quarter. Stifel Financial Corp’s holdings in W. P. Carey were worth $1,153,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WPC. BlackRock Inc. lifted its holdings in shares of W. P. Carey by 6.9% in the fourth quarter. BlackRock Inc. now owns 13,717,916 shares of the real estate investment trust’s stock worth $968,209,000 after buying an additional 890,939 shares in the last quarter. Presima Inc. raised its stake in W. P. Carey by 682.2% in the fourth quarter. Presima Inc. now owns 419,100 shares of the real estate investment trust’s stock valued at $29,580,000 after purchasing an additional 365,521 shares in the last quarter. Nuveen Asset Management LLC raised its stake in W. P. Carey by 13.1% in the third quarter. Nuveen Asset Management LLC now owns 1,502,806 shares of the real estate investment trust’s stock valued at $97,923,000 after purchasing an additional 174,494 shares in the last quarter. TruWealth Advisors LLC purchased a new stake in W. P. Carey in the fourth quarter valued at approximately $8,986,000. Finally, Northern Trust Corp raised its stake in W. P. Carey by 7.2% in the fourth quarter. Northern Trust Corp now owns 1,843,039 shares of the real estate investment trust’s stock valued at $130,082,000 after purchasing an additional 123,245 shares in the last quarter. 62.16% of the stock is currently owned by hedge funds and other institutional investors.

WPC stock opened at $71.01 on Thursday. The company has a market capitalization of $12.46 billion, a PE ratio of 35.86 and a beta of 0.72. W. P. Carey Inc. has a one year low of $52.22 and a one year high of $76.12. The company’s 50 day moving average price is $69.54 and its two-hundred day moving average price is $68.26. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.25 and a current ratio of 0.25.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings results on Thursday, February 11th. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.39). The business had revenue of $307.40 million for the quarter, compared to analysts’ expectations of $297.15 million. W. P. Carey had a return on equity of 4.98% and a net margin of 28.17%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. On average, research analysts predict that W. P. Carey Inc. will post 4.58 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st will be issued a $1.048 dividend. This is a boost from W. P. Carey’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $4.19 annualized dividend and a dividend yield of 5.90%. W. P. Carey’s dividend payout ratio (DPR) is currently 83.80%.

A number of equities research analysts recently weighed in on the stock. Bank of America downgraded shares of W. P. Carey from a “buy” rating to an “underperform” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of W. P. Carey from a “hold” rating to a “sell” rating in a research note on Thursday, March 11th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $76.00.

W. P. Carey Profile

W.P. Carey, Inc operates as a real estate investment trust. It operates through two segment: Real Estate Ownership and Investment Management. The Real Estate Ownership segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates investments and debt placement transactions for the real estate investment trusts, and manages portfolios of real estate investments.

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

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