Epoch Investment Partners Inc. Sells 118,685 Shares of W. P. Carey Inc. (NYSE:WPC)

Epoch Investment Partners Inc. reduced its stake in shares of W. P. Carey Inc. (NYSE:WPC) by 12.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 837,845 shares of the real estate investment trust’s stock after selling 118,685 shares during the quarter. Epoch Investment Partners Inc. owned about 0.45% of W. P. Carey worth $62,520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WPC. Principal Financial Group Inc. grew its stake in shares of W. P. Carey by 15.3% during the first quarter. Principal Financial Group Inc. now owns 11,710 shares of the real estate investment trust’s stock valued at $829,000 after purchasing an additional 1,551 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in W. P. Carey by 38.5% in the first quarter. Russell Investments Group Ltd. now owns 34,516 shares of the real estate investment trust’s stock valued at $2,439,000 after buying an additional 9,601 shares during the period. Brinker Capital Investments LLC acquired a new position in W. P. Carey in the first quarter valued at approximately $1,237,000. Panagora Asset Management Inc. lifted its holdings in W. P. Carey by 4.3% in the first quarter. Panagora Asset Management Inc. now owns 19,613 shares of the real estate investment trust’s stock valued at $1,388,000 after buying an additional 809 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its holdings in W. P. Carey by 117.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 8,391 shares of the real estate investment trust’s stock valued at $593,000 after buying an additional 4,529 shares during the period. 57.90% of the stock is currently owned by institutional investors and hedge funds.

WPC traded up $0.39 during mid-day trading on Thursday, hitting $77.59. The stock had a trading volume of 3,894 shares, compared to its average volume of 960,661. The stock’s fifty day simple moving average is $76.87 and its 200-day simple moving average is $76.04. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 30.04 and a beta of 0.71. W. P. Carey Inc. has a 1-year low of $60.68 and a 1-year high of $82.37.

W. P. Carey (NYSE:WPC) last posted its earnings results on Thursday, July 29th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.12). The firm had revenue of $319.72 million during the quarter, compared to analyst estimates of $315.03 million. W. P. Carey had a return on equity of 6.52% and a net margin of 36.74%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. As a group, research analysts expect that W. P. Carey Inc. will post 4.86 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be issued a dividend of $1.052 per share. This represents a $4.21 dividend on an annualized basis and a dividend yield of 5.42%. This is a positive change from W. P. Carey’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Wednesday, September 29th. W. P. Carey’s dividend payout ratio (DPR) is presently 88.82%.

Several equities analysts recently weighed in on WPC shares. Wells Fargo & Company increased their price objective on shares of W. P. Carey from $77.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, June 23rd. Royal Bank of Canada started coverage on shares of W. P. Carey in a report on Friday, September 17th. They issued an “outperform” rating and a $89.00 price objective on the stock. Zacks Investment Research lowered shares of W. P. Carey from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Capital One Financial upgraded shares of W. P. Carey from an “equal weight” rating to an “overweight” rating and set a $90.00 price objective on the stock in a report on Monday, July 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $86.83.

W. P. Carey Company 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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