Patriot Monetary Group Insurance coverage Company LLC raised its stake in shares of W. P. Carey Inc. (NYSE:WPC – Get Ranking) by 317.2% through the third quarter, in line with the corporate in its most up-to-date Type 13F submitting with the Securities and Trade Fee (SEC). The institutional investor owned 3,221 shares of the true property funding belief’s inventory after shopping for a further 2,449 shares through the interval. Patriot Monetary Group Insurance coverage Company LLC’s holdings in W. P. Carey have been value $225,000 on the finish of the newest quarter.
A number of different institutional buyers additionally lately purchased and offered shares of WPC. Higher Cash Selections LLC purchased a brand new place in W. P. Carey through the second quarter valued at about $25,000. Fairfield Bush & CO. purchased a brand new place in W. P. Carey through the first quarter valued at about $26,000. Acadian Asset Administration LLC purchased a brand new place in W. P. Carey through the first quarter valued at about $26,000. SJS Funding Consulting Inc. purchased a brand new place in W. P. Carey through the third quarter valued at about $33,000. Lastly, Avondale Wealth Administration purchased a brand new place in W. P. Carey through the third quarter valued at about $34,000. 62.73% of the inventory is at present owned by institutional buyers.
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W. P. Carey Buying and selling Down 0.5 %
Shares of WPC opened at $83.14 on Friday. W. P. Carey Inc. has a 12-month low of $67.76 and a 12-month excessive of $89.63. The corporate has a fast ratio of 0.18, a present ratio of 0.18 and a debt-to-equity ratio of 0.83. The agency has a market capitalization of $17.30 billion, a price-to-earnings ratio of 32.99, a P/E/G ratio of 13.26 and a beta of 0.73. The inventory’s 50-day transferring common worth is $79.55 and its 200 day transferring common worth is $80.27.
W. P. Carey Will increase Dividend
The corporate additionally lately declared a quarterly dividend, which was paid on Friday, January thirteenth. Buyers of report on Friday, December thirtieth have been paid a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a yield of 5.12%. It is a constructive change from W. P. Carey’s earlier quarterly dividend of $1.06. The ex-dividend date was Thursday, December twenty ninth. W. P. Carey’s payout ratio is at present 169.05%.
Wall Avenue Analysts Forecast Progress
WPC has been the subject of quite a lot of current analyst experiences. Evercore ISI dropped their worth goal on W. P. Carey from $90.00 to $87.00 in a analysis observe on Tuesday, September twenty seventh. Raymond James lifted their worth goal on W. P. Carey from $80.00 to $85.00 and gave the inventory an “outperform” ranking in a analysis observe on Monday, December nineteenth. Capital One Monetary reiterated an “chubby” ranking on shares of W. P. Carey in a analysis observe on Monday, December fifth. StockNews.com initiated protection on W. P. Carey in a analysis observe on Wednesday, October twelfth. They issued a “maintain” ranking on the inventory. Lastly, JMP Securities dropped their worth goal on W. P. Carey from $93.00 to $86.00 and set a “market outperform” ranking on the inventory in a analysis observe on Monday, October twenty fourth. Three equities analysis analysts have rated the inventory with a maintain ranking and 4 have given a purchase ranking to the corporate. In line with MarketBeat, the inventory at present has a consensus ranking of “Average Purchase” and a consensus worth goal of $88.00.
W. P. Carey Firm Profile
W. P. Carey ranks among the many largest web lease REITs with an enterprise worth of roughly $18 billion and a diversified portfolio of operationally-critical industrial actual property that features 1,215 web lease properties masking roughly 142 million sq. ft as of September 30, 2020. For practically 5 many years, the corporate has invested in high-quality single-tenant industrial, warehouse, workplace, retail and self-storage properties topic to long-term web leases with built-in lease escalators.
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This immediate information alert was generated by narrative science know-how and monetary knowledge from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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