77,339 Shares in W.P. Carey Inc. $WPC Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new stake in W.P. Carey Inc. (NYSE:WPC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 77,339 shares of the real estate investment trust’s stock, valued at approximately $5,530,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in W.P. Carey during the 2nd quarter valued at $2,371,801,000. State Street Corp lifted its holdings in W.P. Carey by 1.0% in the 3rd quarter. State Street Corp now owns 12,329,159 shares of the real estate investment trust’s stock worth $844,065,000 after buying an additional 119,817 shares in the last quarter. Geode Capital Management LLC lifted its holdings in W.P. Carey by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,795,604 shares of the real estate investment trust’s stock worth $307,913,000 after buying an additional 110,306 shares in the last quarter. Invesco Ltd. boosted its position in W.P. Carey by 0.3% in the 4th quarter. Invesco Ltd. now owns 3,904,767 shares of the real estate investment trust’s stock valued at $251,311,000 after buying an additional 12,305 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of W.P. Carey by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,348,132 shares of the real estate investment trust’s stock valued at $227,539,000 after acquiring an additional 155,857 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Price Performance

Shares of WPC opened at $71.31 on Friday. The firm has a market cap of $16.25 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 3.59 and a beta of 0.75. The stock has a 50 day moving average of $72.71 and a 200-day moving average of $72.53. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 1.01. W.P. Carey Inc. has a 52 week low of $63.08 and a 52 week high of $77.22.

W.P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.94 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, June 30th. W.P. Carey’s dividend payout ratio is presently 128.33%.

Analyst Ratings Changes

Several research firms have issued reports on WPC. Scotiabank lifted their price objective 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. Evercore set a $77.00 price target on shares of W.P. Carey in a research report on Thursday, July 30th. Weiss Ratings restated a “buy (b-)” rating on shares of W.P. Carey in a research note on Friday, July 31st. Royal Bank Of Canada upped their price target on shares of W.P. Carey from $73.00 to $77.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, Barclays increased their price objective on shares of W.P. Carey from $78.00 to $80.00 and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. Seven research 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 presently has an average rating of “Hold” and a consensus price target of $79.38.

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.