Neuberger Berman Group LLC Reduces Stake in W.P. Carey Inc. REIT (WPC)

Neuberger Berman Group LLC lowered its position in shares of W.P. Carey Inc. REIT (NYSE:WPC) by 5.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,666 shares of the real estate investment trust’s stock after selling 3,680 shares during the period. Neuberger Berman Group LLC owned 0.06% of W.P. Carey Inc. REIT worth $4,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. New England Private Wealth Advisors LLC increased its stake in shares of W.P. Carey Inc. REIT by 0.4% during the second quarter. New England Private Wealth Advisors LLC now owns 4,264 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 17 shares during the period. DF Dent & Co. Inc. grew its position in W.P. Carey Inc. REIT by 0.4% during the second quarter. DF Dent & Co. Inc. now owns 5,779 shares of the real estate investment trust’s stock worth $381,000 after buying an additional 21 shares in the last quarter. Advisory Services Network LLC grew its position in W.P. Carey Inc. REIT by 0.5% during the second quarter. Advisory Services Network LLC now owns 11,349 shares of the real estate investment trust’s stock worth $749,000 after buying an additional 52 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in W.P. Carey Inc. REIT by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,052 shares of the real estate investment trust’s stock worth $333,000 after buying an additional 87 shares in the last quarter. Finally, Federated Investors Inc. PA grew its position in W.P. Carey Inc. REIT by 5.1% during the second quarter. Federated Investors Inc. PA now owns 2,900 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 142 shares in the last quarter. Institutional investors own 48.74% of the company’s stock.

WPC has been the topic of a number of analyst reports. ValuEngine raised W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of W.P. Carey Inc. REIT in a research report on Friday, November 10th. Robert W. Baird initiated coverage on W.P. Carey Inc. REIT in a research report on Wednesday, October 18th. They set an “outperform” rating and a $77.00 price target on the stock. Zacks Investment Research downgraded W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Finally, Evercore ISI downgraded W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. W.P. Carey Inc. REIT currently has an average rating of “Hold” and a consensus price target of $70.00.

Shares of W.P. Carey Inc. REIT (NYSE WPC) opened at $64.95 on Friday. The firm has a market capitalization of $7,000.00, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 3.67 and a beta of 0.94. W.P. Carey Inc. REIT has a twelve month low of $59.41 and a twelve month high of $72.41. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.19.

W.P. Carey Inc. REIT (NYSE:WPC) last issued its earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.21. The firm had revenue of $210.00 million for the quarter, compared to the consensus estimate of $212.72 million. W.P. Carey Inc. REIT had a return on equity of 7.25% and a net margin of 31.28%. The company’s revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 EPS. equities research analysts expect that W.P. Carey Inc. REIT will post 4.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date is Thursday, December 28th. This is an increase from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. W.P. Carey Inc. REIT’s dividend payout ratio (DPR) is currently 174.14%.

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W.P. Carey Inc. REIT Company Profile

W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by the Company under the Corporate Property Associates brand name (the CPA REITs) and invests in similar properties.

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

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