Ayrshire Capital Management LLC Acquires 326 Shares of W. P. Carey Inc. (NYSE:WPC)

Ayrshire Capital Management LLC lifted its holdings in shares of W. P. Carey Inc. (NYSE:WPC – Get Rating) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,319 shares of the real estate investment trust’s stock after acquiring an additional 326 shares during the quarter. Ayrshire Capital Management LLC’s holdings in W. P. Carey were worth $650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Core Wealth Advisors Inc. grew its stake in W. P. Carey by 66.7% in the third quarter. Core Wealth Advisors Inc. now owns 375 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 150 shares during the period. Versant Capital Management Inc grew its stake in W. P. Carey by 9,375.0% in the third quarter. Versant Capital Management Inc now owns 379 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 375 shares during the period. Fairfield Bush & CO. purchased a new stake in W. P. Carey in the first quarter worth $26,000. Acadian Asset Management LLC purchased a new stake in W. P. Carey in the first quarter worth $26,000. Finally, SJS Investment Consulting Inc. purchased a new stake in W. P. Carey in the third quarter worth $33,000. Institutional investors own 62.73% of the company’s stock.

W. P. Carey Trading Down 1.2 %

W. P. Carey stock opened at $77.65 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.27 and a quick ratio of 0.27. W. P. Carey Inc. has a one year low of $67.76 and a one year high of $89.63. The stock has a market capitalization of $16.35 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 11.35 and a beta of 0.77. The business’s fifty day moving average is $82.46 and its 200 day moving average is $79.54.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be given a dividend of $1.067 per share. The ex-dividend date of this dividend is Thursday, March 30th. This is a boost from W. P. Carey’s previous quarterly dividend of $1.07. This represents a $4.27 annualized dividend and a dividend yield of 5.50%. W. P. Carey’s dividend payout ratio (DPR) is 142.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Capital One Financial reaffirmed an “overweight” rating on shares of W. P. Carey in a research note on Monday, December 5th. StockNews.com began coverage on W. P. Carey in a research note on Thursday. They issued a “hold” rating on the stock. Royal Bank of Canada increased their target price on W. P. Carey from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, February 13th. Finally, Raymond James increased their target price on W. P. Carey from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, December 19th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, W. P. Carey currently has a consensus rating of “Moderate Buy” and an average target price of $86.80.

W. P. Carey Profile

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W.P. Carey, Inc is an investment trust company, which engages in the commercial real estate business. It operates through the Real Estate and Investment Management segments. The Real Estate segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates investments and debt placement transactions for real estate investment trusts, and manages portfolios of real estate investments.