Commerce Financial institution minimize its holdings in W. P. Carey Inc. (NYSE:WPC – Get Rating) by 9.1% throughout the second quarter, in line with its most up-to-date Type 13F submitting with the SEC. The agency owned 129,175 shares of the true property funding belief’s inventory after promoting 12,900 shares throughout the interval. Commerce Financial institution owned 0.07% of W. P. Carey price $10,703,000 as of its most up-to-date submitting with the SEC.
A number of different institutional traders and hedge funds have additionally just lately added to or diminished their stakes in WPC. Comerica Financial institution elevated its stake in W. P. Carey by 2.5% throughout the first quarter. Comerica Financial institution now owns 7,995 shares of the true property funding belief’s inventory valued at $685,000 after buying a further 197 shares throughout the interval. Envestnet Asset Administration Inc. elevated its stake in W. P. Carey by 9.3% throughout the first quarter. Envestnet Asset Administration Inc. now owns 364,850 shares of the true property funding belief’s inventory valued at $29,494,000 after buying a further 30,993 shares throughout the interval. Victory Capital Administration Inc. elevated its stake in W. P. Carey by 166.3% throughout the first quarter. Victory Capital Administration Inc. now owns 89,752 shares of the true property funding belief’s inventory valued at $7,249,000 after buying a further 56,043 shares throughout the interval. Prospera Monetary Companies Inc purchased a brand new place in W. P. Carey throughout the first quarter valued at about $152,000. Lastly, Aptus Capital Advisors LLC purchased a brand new place in W. P. Carey throughout the first quarter valued at about $313,000. 64.74% of the inventory is presently owned by institutional traders.
Wall Avenue Analysts Forecast Development
WPC has been the subject of a number of analysis studies. JMP Securities lowered 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 word on Monday, October twenty fourth. Raymond James decreased their worth goal on W. P. Carey from $95.00 to $80.00 and set an “outperform” ranking on the inventory in a report on Tuesday, October 4th. Evercore ISI decreased their worth goal on W. P. Carey from $90.00 to $87.00 in a report on Tuesday, September twenty seventh. StockNews.com assumed protection on W. P. Carey in a report on Wednesday, October twelfth. They set a “maintain” ranking on the inventory. Lastly, Royal Financial institution of Canada lifted their worth goal on W. P. Carey from $87.00 to $94.00 and gave the corporate an “outperform” ranking in a report on Monday, August 1st. Three equities analysis analysts have rated the inventory with a maintain ranking and three have assigned a purchase ranking to the corporate’s inventory. In accordance with MarketBeat.com, the corporate has a consensus ranking of “Reasonable Purchase” and a median goal worth of $87.00.
W. P. Carey Inventory Up 0.9 %
Shares of WPC opened at $80.38 on Friday. The corporate has a market capitalization of $16.72 billion, a P/E ratio of 31.90, a PEG ratio of 13.44 and a beta of 0.76. The corporate has a debt-to-equity ratio of 0.83, a present ratio of 0.18 and a fast ratio of 0.18. W. P. Carey Inc. has a one 12 months low of $67.76 and a one 12 months excessive of $89.63. The enterprise’s 50 day easy transferring common is $75.36 and its 200-day easy transferring common is $81.03.
W. P. Carey Will increase Dividend
The agency additionally just lately introduced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of file on Friday, September thirtieth have been issued a $1.061 dividend. This is a rise from W. P. Carey’s earlier quarterly dividend of $1.06. This represents a $4.24 annualized dividend and a dividend yield of 5.28%. The ex-dividend date was Thursday, September twenty ninth. W. P. Carey’s payout ratio is presently 168.25%.
About W. P. Carey
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 overlaying roughly 142 million sq. toes as of September 30, 2020. For practically 5 a long time, 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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