Nisa Investment Advisors LLC Buys 10,225 Shares of W.P. Carey Inc. $WPC

Nisa Investment Advisors LLC lifted its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 136.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,745 shares of the real estate investment trust’s stock after purchasing an additional 10,225 shares during the quarter. Nisa Investment Advisors LLC’s holdings in W.P. Carey were worth $1,164,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WPC. Osbon Capital Management LLC acquired a new stake in shares of W.P. Carey during the 2nd quarter valued at approximately $32,000. GoalVest Advisory LLC grew its holdings in shares of W.P. Carey by 102.3% in the 3rd quarter. GoalVest Advisory LLC now owns 449 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 227 shares during the period. Avalon Trust Co acquired a new stake in shares of W.P. Carey in the 2nd quarter worth approximately $36,000. Ancora Advisors LLC purchased a new position in W.P. Carey in the 2nd quarter valued at approximately $41,000. Finally, Frazier Financial Advisors LLC purchased a new position in W.P. Carey in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on WPC. Benchmark started coverage on W.P. Carey in a report on Tuesday, September 22nd. They set a “buy” rating for the company. Wells Fargo & Company lowered their target price on W.P. Carey from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Scotiabank dropped their price target on W.P. Carey from $76.00 to $68.00 and set a “sector perform” rating for the company in a research report on Thursday, September 24th. Jefferies Financial Group initiated coverage on W.P. Carey in a research note on Tuesday, September 22nd. They set a “buy” rating and a $73.00 price target for the company. Finally, Weiss Ratings lowered shares of W.P. Carey from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $77.36.

W.P. Carey Stock Up 0.7%

WPC stock opened at $64.38 on Tuesday. The company’s 50 day simple moving average is $67.17 and its 200-day simple moving average is $70.87. The firm has a market capitalization of $14.67 billion, a PE ratio of 21.97, a P/E/G ratio of 3.23 and a beta of 0.75. W.P. Carey Inc. has a 12 month low of $62.24 and a 12 month high of $77.22. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.22 and a quick ratio of 0.22.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.95 per share. The ex-dividend date was Wednesday, September 30th. This represents a $3.80 annualized dividend and a dividend yield of 5.9%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.94. W.P. Carey’s payout ratio is presently 129.69%.

About W.P. Carey

W.P. Carey Inc (NYSE: WPC) is a real estate investment trust specializing in the ownership and management of commercial properties under long-term, net lease agreements. In a net lease arrangement, tenants generally assume responsibility for property taxes, insurance and maintenance, allowing W.P. Carey to generate rental income with relatively predictable operating expenses.

The company’s portfolio is diversified across industrial, warehouse, retail, self-storage and other commercial properties.