Wednesday, June 17, 2015

Recent Buy - W. P. Carey Inc. (WPC)

17th June 2015 I Bought 30 shares of WPC at $61.39 per share plus commission.

W. P. Carey Inc. is an independent equity real estate investment trust. The firm also provides long-term sale-leaseback and build-to-suit financing for companies. It invests in the real estate markets across the globe. The firm primarily invests in commercial properties that are generally triple-net leased to single corporate tenants including office, warehouse, industrial, logistics, retail, hotel, R&D, and self-storage properties. W. P. Carey Inc. was founded in 1973 and is based in New York City with an additional office in Dallas, Texas.
WPC is a Dividend Contender with an 18 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 13.7, 19.2, 12.7 and 7.5. (Dividend Champions.xls) W. P. Carey Inc. now pays dividends of $0.9525 per share normally in January, April, July and October.

If you are interested, you can read Dividend Growth Investor's analysis of the WPC and Dividend Mantra's purchase and analysis of WPC

Some ratings for WPC:

    Yahoo:  Mean Recommendation 2.3, 1y Target Est $71.83
    Reuters: Mean Rating 2.29
    Zacks Rank: 3-Hold

At today's exchange rate, this purchase 30 shares of WPC will increase €75.72 ($85.15) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to €9230.00. With purchase price $61.39 plus commission ($5.00) my starting yield on cost is 6.19%.

Click here to see my portfolio.

Full Disclosure: Long WPC


  1. Can't blame you for buying WPC since I just added a couple of shares too:)
    Thanks for adding me to your blog list!
    Long WPC

  2. Good buy, I also own some of this treat.

  3. Nice purchase, DH. WPC looks like a great company to own.


  4. Good buy DH. I Added some as well and will add more as the price continues downwoard. WPC feels fairly attractive at these prices even when not comparing to other options.

  5. Love the REIT buys. For now I am focused on the health REIT sector but also have an eye on WPC, DLR and AVB that are outside the health space. No doubt many dividend bloggers have been buying REITs in recent weeks for good reason. Might have to wait a little bit before better opportunities come up again.