Investors Buy High Volume of Put Options on WP Carey (WPC)

WP Carey Inc (NYSE:WPC) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 580 put options on the company. This is an increase of approximately 974% compared to the average volume of 54 put options.

A number of large investors have recently added to or reduced their stakes in WPC. Assetmark Inc. purchased a new stake in shares of WP Carey in the 2nd quarter valued at $117,000. First Hawaiian Bank purchased a new stake in shares of WP Carey in the 3rd quarter valued at $123,000. Chicago Capital LLC purchased a new stake in shares of WP Carey in the 2nd quarter valued at $207,000. Kovack Advisors Inc. purchased a new stake in shares of WP Carey in the 3rd quarter valued at $209,000. Finally, Gradient Capital Advisors LLC purchased a new stake in shares of WP Carey in the 2nd quarter valued at $213,000. 48.81% of the stock is currently owned by institutional investors.

Shares of WP Carey stock opened at $66.01 on Thursday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.21. WP Carey has a 52-week low of $59.23 and a 52-week high of $72.41. The company has a market capitalization of $7.15 billion, a PE ratio of 12.45 and a beta of 0.66.



WP Carey (NYSE:WPC) last issued its quarterly earnings data on Friday, August 3rd. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.50). The firm had revenue of $201.14 million during the quarter, compared to analysts’ expectations of $213.21 million. WP Carey had a return on equity of 8.51% and a net margin of 38.18%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS. On average, equities research analysts expect that WP Carey will post 5.26 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 1st were given a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a yield of 6.21%. The ex-dividend date was Friday, September 28th. This is an increase from WP Carey’s previous quarterly dividend of $1.02. WP Carey’s payout ratio is currently 77.36%.

A number of research analysts have recently issued reports on WPC shares. Zacks Investment Research raised shares of WP Carey from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Friday, August 31st. ValuEngine downgraded shares of WP Carey from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Bank of America lifted their price objective on shares of WP Carey from $59.00 to $66.25 and gave the stock an “underperform” rating in a research report on Monday, August 13th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $70.08.

About WP Carey

Celebrating its 45th anniversary, W. P. Carey ranks among the largest diversified net lease REITs with an enterprise value of over $11 billion and a portfolio of operationally-critical commercial real estate totaling 878 properties covering approximately 87 million square feet. For over four decades the Company has invested in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators.

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