Robeco Institutional Asset Management B.V. Acquires 3,009 Shares of WP Carey Inc (NYSE:WPC)

Robeco Institutional Asset Management B.V. lifted its position in shares of WP Carey Inc (NYSE:WPC) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,255 shares of the real estate investment trust’s stock after acquiring an additional 3,009 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in WP Carey were worth $6,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of WP Carey by 104.2% during the 1st quarter. JPMorgan Chase & Co. now owns 3,938,835 shares of the real estate investment trust’s stock worth $308,529,000 after acquiring an additional 2,009,980 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of WP Carey by 460.9% in the first quarter. California Public Employees Retirement System now owns 968,972 shares of the real estate investment trust’s stock valued at $75,900,000 after purchasing an additional 796,225 shares in the last quarter. BlackRock Inc. grew its holdings in shares of WP Carey by 4.6% in the first quarter. BlackRock Inc. now owns 13,349,952 shares of the real estate investment trust’s stock valued at $1,045,703,000 after purchasing an additional 592,140 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of WP Carey by 54.1% in the fourth quarter. Geode Capital Management LLC now owns 1,558,680 shares of the real estate investment trust’s stock valued at $101,768,000 after purchasing an additional 547,179 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of WP Carey by 816.5% in the first quarter. Janus Henderson Group PLC now owns 436,651 shares of the real estate investment trust’s stock valued at $34,203,000 after purchasing an additional 389,006 shares in the last quarter. 53.94% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on WPC. ValuEngine cut shares of WP Carey from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Citigroup upgraded shares of WP Carey from a “sell” rating to a “neutral” rating and upped their price target for the company from $59.00 to $81.00 in a research report on Friday, June 7th. Mitsubishi UFJ Financial Group reduced their price target on shares of WP Carey to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, Zacks Investment Research downgraded shares of WP Carey from a “hold” rating to a “sell” rating in a research report on Saturday. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $74.45.

WPC stock traded up $0.98 on Wednesday, hitting $85.03. The company’s stock had a trading volume of 109,827 shares, compared to its average volume of 778,485. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $14.49 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 5.71 and a beta of 0.48. The firm’s 50 day simple moving average is $84.07. WP Carey Inc has a 1 year low of $62.12 and a 1 year high of $87.35.

WP Carey (NYSE:WPC) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.85). WP Carey had a return on equity of 7.10% and a net margin of 38.36%. The company had revenue of $305.21 million for the quarter, compared to analyst estimates of $303.23 million. During the same period last year, the company earned $0.60 earnings per share. Analysts predict that WP Carey Inc will post 5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $1.034 dividend. The ex-dividend date was Thursday, June 27th. This is a positive change from WP Carey’s previous quarterly dividend of $1.03. This represents a $4.14 annualized dividend and a dividend yield of 4.86%. WP Carey’s payout ratio is currently 76.81%.

WP Carey Profile

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $17 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,163 net lease properties covering approximately 131 million square feet. For over four decades, the company has invested in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators.

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Institutional Ownership by Quarter for WP Carey (NYSE:WPC)

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