SG Americas Securities LLC Sells 7,401 Shares of W. P. Carey Inc. (NYSE:WPC)

SG Americas Securities LLC cut its holdings in W. P. Carey Inc. (NYSE:WPCGet Rating) by 39.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,458 shares of the real estate investment trust’s stock after selling 7,401 shares during the quarter. SG Americas Securities LLC’s holdings in W. P. Carey were worth $800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. H&H Retirement Design & Management INC lifted its position in W. P. Carey by 2.3% in the 2nd quarter. H&H Retirement Design & Management INC now owns 5,306 shares of the real estate investment trust’s stock valued at $464,000 after acquiring an additional 118 shares in the last quarter. Capital Planning Advisors LLC lifted its holdings in shares of W. P. Carey by 3.3% during the 2nd quarter. Capital Planning Advisors LLC now owns 3,780 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 121 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of W. P. Carey by 20.6% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 786 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 134 shares during the period. Parsons Capital Management Inc. RI lifted its holdings in shares of W. P. Carey by 3.3% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 4,700 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 150 shares during the period. Finally, Carnegie Capital Asset Management LLC lifted its holdings in shares of W. P. Carey by 0.4% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 42,536 shares of the real estate investment trust’s stock valued at $2,969,000 after buying an additional 153 shares during the period. 62.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on WPC. StockNews.com began coverage on W. P. Carey in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. JMP Securities decreased their target price on W. P. Carey from $93.00 to $86.00 and set a “market outperform” rating on the stock in a report on Monday, October 24th. Evercore ISI decreased their target price on W. P. Carey from $90.00 to $87.00 in a report on Tuesday, September 27th. Raymond James increased their price target on W. P. Carey from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, December 19th. Finally, Capital One Financial reiterated an “overweight” rating on shares of W. P. Carey in a research note on Monday, December 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, W. P. Carey currently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

W. P. Carey Trading Up 1.8 %

Shares of W. P. Carey stock opened at $83.97 on Friday. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 13.19 and a beta of 0.73. The business has a 50-day moving average price of $80.02 and a 200-day moving average price of $80.28. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.83. W. P. Carey Inc. has a twelve month low of $67.76 and a twelve month high of $89.63.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a dividend of $1.065 per share. This is a positive change from W. P. Carey’s previous quarterly dividend of $1.06. The ex-dividend date was Thursday, December 29th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 5.07%. W. P. Carey’s dividend payout ratio (DPR) is presently 169.05%.

W. P. Carey Profile

(Get Rating)

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators.

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Institutional Ownership by Quarter for W. P. Carey (NYSE:WPC)

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