UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Position in W.P. Carey Inc. $WPC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,270,499 shares of the real estate investment trust’s stock after buying an additional 65,284 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.00% of W.P. Carey worth $162,341,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Commonwealth Retirement Investments LLC acquired a new stake in shares of W.P. Carey in the fourth quarter worth $26,000. Osbon Capital Management LLC acquired a new position in shares of W.P. Carey during the 4th quarter valued at $29,000. Headlands Technologies LLC purchased a new stake in W.P. Carey during the 2nd quarter worth $30,000. Wealth Watch Advisors INC purchased a new stake in W.P. Carey during the 3rd quarter worth $33,000. Finally, Avalon Trust Co acquired a new stake in W.P. Carey in the 2nd quarter valued at $36,000. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

W.P. Carey Stock Performance

W.P. Carey stock opened at $70.07 on Wednesday. W.P. Carey Inc. has a 12-month low of $63.08 and a 12-month high of $77.22. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 3.49 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.22 and a quick ratio of 0.22. The firm’s fifty day moving average price is $72.41 and its 200 day moving average price is $72.53.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.94 per share. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Tuesday, June 30th. W.P. Carey’s payout ratio is 128.33%.

Analyst Ratings Changes

Several research analysts have commented on the company. BNP Paribas Exane raised W.P. Carey from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $73.00 to $88.00 in a research report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating on shares of W.P. Carey in a research note on Wednesday, July 29th. BMO Capital Markets dropped their target price on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Thursday, June 18th. Royal Bank Of Canada boosted their price target on W.P. Carey from $73.00 to $77.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Finally, Scotiabank upped their price target on W.P. Carey from $76.00 to $77.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $79.38.

About W.P. Carey

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.