12,792 Shares in W.P. Carey Inc. $WPC Purchased by Vista Investment Management

Vista Investment Management bought a new position in shares of W.P. Carey Inc. (NYSE:WPC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,792 shares of the real estate investment trust’s stock, valued at approximately $915,000.

Other hedge funds have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in W.P. Carey during the 4th quarter worth about $25,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of W.P. Carey during the 4th quarter worth approximately $26,000. Osbon Capital Management LLC bought a new stake in shares of W.P. Carey during the fourth quarter worth approximately $29,000. Headlands Technologies LLC acquired a new position in W.P. Carey in the second quarter valued at approximately $30,000. Finally, Wealth Watch Advisors INC acquired a new position in W.P. Carey in the third quarter valued at approximately $33,000. Institutional investors own 73.73% of the company’s stock.

Analysts Set New Price Targets

WPC has been the subject of a number of analyst reports. Scotiabank lifted their target price on shares of W.P. Carey from $76.00 to $77.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. Barclays increased their price target on W.P. Carey from $78.00 to $80.00 and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada raised 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. UBS Group reaffirmed a “neutral” rating on shares of W.P. Carey in a research note on Wednesday, July 29th. Finally, Bank of America upgraded W.P. Carey from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $73.00 to $83.00 in a report on Tuesday, June 16th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $79.38.

W.P. Carey Stock Down 1.0%

W.P. Carey stock opened at $71.31 on Friday. The stock has a market capitalization of $16.25 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 3.55 and a beta of 0.75. W.P. Carey Inc. has a twelve month low of $63.08 and a twelve month high of $77.22. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 1.01. The company has a 50 day moving average of $72.71 and a 200-day moving average of $72.53.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.94 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.76 annualized dividend and a yield of 5.3%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s payout ratio is presently 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.