GSA Capital Partners LLP Makes New Investment in W.P. Carey Inc. $WPC

GSA Capital Partners LLP bought a new stake in shares of W.P. Carey Inc. (NYSE:WPC) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 30,908 shares of the real estate investment trust’s stock, valued at approximately $2,210,000.

A number of other hedge funds also recently modified their holdings of WPC. Avalon Trust Co purchased a new stake in shares of W.P. Carey in the second quarter valued at $36,000. Family Legacy Inc. purchased a new position in shares of W.P. Carey during the second quarter valued at $369,000. Laraway Financial Advisors Inc purchased a new position in shares of W.P. Carey during the second quarter valued at $661,000. Dockside LLC acquired a new position in W.P. Carey during the second quarter valued at $1,418,000. Finally, Family Wealth Partners LLC raised its position in W.P. Carey by 5.6% during the second quarter. Family Wealth Partners LLC now owns 10,884 shares of the real estate investment trust’s stock valued at $778,000 after buying an additional 575 shares during the period. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup reissued a “market perform” rating on shares of W.P. Carey in a research note on Thursday, June 18th. Wells Fargo & Company upped their target price on W.P. Carey from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, June 1st. UBS Group restated a “neutral” rating on shares of W.P. Carey in a report on Wednesday, July 29th. BMO Capital Markets lowered their price objective on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of W.P. Carey in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, W.P. Carey has a consensus rating of “Hold” and an average target price of $79.38.

W.P. Carey Price Performance

Shares of NYSE:WPC opened at $71.66 on Friday. The firm has a market cap of $16.32 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 3.57 and a beta of 0.75. W.P. Carey Inc. has a 1 year low of $63.08 and a 1 year high of $77.22. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $73.10 and a 200 day simple moving average of $72.43.

W.P. Carey Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.2%. W.P. Carey’s dividend payout ratio (DPR) is 128.33%.

W.P. Carey Profile

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.