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Alaska Permanent Fund Corp. acquires shares of W. P. Carey Inc. (NYSE:WPC).

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Alaska Permanent Fund Corp. acquires shares of W. P. Carey Inc. (NYSE:WPC).


In keeping with the newest Type 13F submitting that the corporate submitted to the Securities and Alternate Fee, Alaska Everlasting Fund Corp elevated its holdings in W. P. Carey Inc. (NYSE: WPC) throughout the third quarter by 15.1%. (SEC). The fund completed the interval with a complete holding of 15,450 shares of the widespread inventory of the Actual Property Funding Belief. This was completed by buying a further 2,029 shares all through the interval. The latest report that Alaska Everlasting Fund Corp. supplied to the SEC indicated that the worth of its curiosity in W. P. Carey was $1,078,000. This data was included within the report.

As well as, the positions that the corporate’s different institutional buyers maintain have been subjected to alterations. Higher Cash Selections LLC bought a further stake in W. P. Carey that was roughly 25,000 {dollars} in worth throughout the second quarter. Within the first quarter of this yr, Fairfield Bush & Co. purchased a brand new place in W. P. Carey that was estimated to be value about $26,000. Acadian Asset Administration LLC elevated its place in W. P. Carey by roughly $26,000 throughout the first quarter, bringing the whole worth of its holdings to roughly $70,000 on the finish of the interval. SJS Funding Consulting Inc. added roughly $33,000 value of W. P. Carey inventory throughout the third quarter to bolster its present holdings within the firm. A brand new funding in W. P. Carey with an approximate worth of $34,000 was made by Avondale Wealth Administration throughout the third quarter of the fiscal yr. They made this ultimate funding however not at all the least vital. Institutional buyers and hedge funds collectively personal 62.73 p.c of the whole variety of shares issued by the corporate.

Right here, a number of market analysts can present the newest commentary on the inventory in query. Evercore ISI acknowledged in a analysis observe printed on Tuesday, September 27, that they might be reducing their worth goal on W. P. Carey shares from $90.00 to $87.0. This goal worth discount occurred. Capital One Monetary reaffirmed its “obese” ranking that it had beforehand assigned to shares of W. P. Carey in a analysis observe printed on December 5. JMP Securities decreased its worth goal on W. P. Carey shares from $93.00 to $86.00 in a analysis observe printed by the brokerage agency on Monday, October 24. Regardless of this transformation, the corporate continued to obtain a suggestion from the consulting agency to “outperform the market query. Evercore ISI acknowledged in a analysis observe printed on Tuesday, September 27, that they might be reducing their worth goal on W. P. Carey shares from $90.00 to $87.0. This goal worth discount occurred. Capital One Monetary reaffirmed its “obese” ranking that it had beforehand assigned to shares of W. P. Carey in a analysis observe printed on December 5. JMP Securities decreased its worth goal on W. P. Carey shares from $93.00 to $86.00 in a analysis observe printed by the brokerage agency on Monday, October 24. Regardless of this transformation, the corporate continued to obtain a suggestion from the consulting agency to “outperform the market.” On Wednesday, October 12, StockNews.com made W. P. Carey the main focus of a analysis observe for the primary time. The observe was printed within the firm’s Investor Relations part. They beneficial that shareholders “maintain” their shares of the corporate. In a analysis observe printed on Monday, December 19, Raymond James raised their worth goal on shares of W. P. Carey from $80.00 to $85.00 and rated the inventory as “outperform.” The inventory has been assigned a ranking of “Maintain” by three fairness analysis analysts, whereas a ranking of “purchase” has been assigned by 4 different analysts. The knowledge supplied by Bloomberg signifies that the present common ranking for the corporate is “Reasonable Purchase” and that the final worth aim is $88,000.

When buying and selling began on Friday, a share of WPC inventory was going for a worth of $83.56 per share. The corporate is at present valued at $17.38 billion, which will be attributed to a number of elements, together with its price-to-earnings-growth ratio of 13.22, its price-to-earnings ratio of 33.16, and its beta of 0.73. The straightforward transferring common of the corporate’s inventory worth over the previous 50 days is $79.44, and the common over the past 200 days is $80.33. A number of values can be utilized on this calculation, together with a debt-to-equity ratio of 0.83, a present ratio of 0.18, and a fast ratio of 0.18. W. P. Carey Inc. has by no means been supplied on the market at a worth decrease than $67.76, and the corporate’s inventory has by no means been offered for a worth larger than $89.63.

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As well as, the company has simply introduced a brand new quarterly dividend, which shall be distributed on Friday, the thirteenth of this month. On Friday, December 30, 2018, shareholders of document will obtain the dividend cost, which is the same as $1.065 per share, and shall be distributed to these shareholders. The dividend shall be withheld from shareholder accounts on Thursday, December 29. The earlier quarterly dividend cost from W. P. Carey was $1.06, and it was made accessible to shareholders. This represents a rise over that cost. This interprets to a dividend yield of 5.10% and a dividend cost of $4.26 per yr all through the funding interval. The proportion of dividends distributed to W. P. Carey shareholders quantities to 169.05 p.c of complete dividends.

Some of the vital net-lease actual property funding trusts is W. P. Carey. As of September 30, 2020, it had a diversified business actual property portfolio that included 1,215 web lease properties with a complete of roughly 142 million sq. toes. This portfolio is operationally vital. W. P. Carey has a various business actual property portfolio, contributing to the corporate’s total enterprise worth of roughly $18 billion. Since its founding roughly half a century in the past, the corporate has been actively investing in first-rate single-tenant industrial, warehouse, workplace, retail, and self-storage properties which have prolonged web leases and lease will increase over time. These properties will be discovered all around the world.



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Alaska

Western Alaska storm and southerly flow drives warmth back into the state

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Western Alaska storm and southerly flow drives warmth back into the state


ANCHORAGE, Alaska (KTUU) – Gusty winds and heavy snow has begun to spread into Western and Southwest Alaska, with a surge of warmer air. Temperatures in Southwest Alaska is already 10 to 35 degrees warmer than yesterday morning. This warmth will spread across the rest of the state through the weekend, with some of the most pronounced warmth along the Slope. We’ll see many areas this weekend into next week remaining well-above average.

SOUTHCENTRAL:

Temperatures are slowly warming across Southcentral, with many areas seeing cloud coverage increasing. While we could see some peeks of sunshine today, most locations will see mostly cloudy conditions. While we can’t rule out light flurries for inland locations, most of the precipitation today will occur near the coast. Snow looks to be the primary precipitation type, although later this evening a transition to rain or wintry mix will occur. This comes as temperatures quickly warm across Southcentral.

We’ll see highs today in the upper 20s and lower 30s for inland areas, while coastal regions warm into the 30s and 40s. The southerly flow aloft will remain with us for several days, pumping in the warmth and moisture. As a result, Kodiak could see over an inch of rain today, with gusty winds.

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While most of the precipitation this weekend remains near the coast, inland areas will see the best chance for wintry mix Sunday into Monday. Little to no accumulation is expected.

The key takeaways for this weekend, is snow transitioning to rain, with some gusty winds likely for parts of Southcentral this weekend.

SOUTHEAST:

Another fairly quiet day is expected across Southeast today, outside of some light snow near Yakutat. We’ll see a mix of sun and clouds with temperatures remaining on the cooler side. Parts of the Northern Panhandle may stay in the upper 20s today. The stretch of quiet weather will stay with us through the first half of Saturday, followed by an increase in precipitation and winds. This upcoming system may bring some heavy snowfall to Southeast, so be prepared for that potential this weekend. Temperatures warm into next week, back into the upper 30s and lower 40s for many areas.

INTERIOR:

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While temperatures this morning have bottomed out as low as -30 near Fort Yukon, temperatures will warm into the weekend. A wind advisory for the Alaska Range goes into effect at 9 Friday morning, where winds up to 60 mph will warm the Interior. Temperatures today for many locations will warm into the single digits, with some of the greatest warming arriving Saturday through next week. It’s likely we’ll spend most of next week with temperatures in the 20s and 30s, with the warmest locations near the Alaska Range. While we will largely stay dry, there is a chance for some light snow arriving Sunday night into Monday.

SLOPE/WESTERN ALASKA:

Temperatures will remain slightly above average for parts of the Slope today, with warming winds to build into the Slope this weekend. This comes as our area of low pressure in the Bering Sea continues to move farther north. Be prepared for gusty easterly winds along the Slope, leading to blowing snow and reduced visibility. We’ll see temperatures quickly warm well above average, with highs climbing into the 20s and 30s along the Slope into next week. While some snow is possible through the weekend, the heaviest activity will occur for the Brooks Range. We’ll see the potential for 4 to 12 inches of snowfall, with the highest amounts occurring along the southern slopes of the Brooks Range near Kobuk Valley. Winds could gusts as high as 45 mph, leading to greatly reduced visibility.

Heavy snow is impacting Western and Southwest Alaska this morning, with winds gusting up to 50 mph. Numerous winter weather alerts, as well as a coastal flood advisory is in effect. The heaviest snow will fall for the Seward Peninsula and east of Norton Sound, where up to a foot or more of snow is to be expected. The heaviest amounts will fall today, with the activity set to lighten up through Sunday. In addition to the snow, gusty winds will lead to areas of blowing snow. Visibility could be reduced down to less than half a mile at times. As southerly flow continues to pump in warmth, we’ll see a transition from snow to rain later today into Saturday for parts of Southwest Alaska.

ALEUTIANS:

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Gusty winds and heavy rain will fall through the Aleutians today, where up to .75″ of rain is possible. As the area of low pressure moves north, we’ll see a new low form just south of the Eastern Aleutians. This will lead to additional rain and winds into the weekend. Winds could gusts upwards of 50 mph through the Eastern Aleutians and through the Alaska Peninsula. With ridging to our east, more rain and winds remain with us into early next week. There is the potential that the Pribilof Islands see a return to snow Sunday, as colder air moves into the Bering Sea.

OUTLOOK AHEAD:

Well above average warmth will stay with us as we close out January. While one more short-lived cold snap is possible, we may have to wait until February before we tap into warmer conditions. Temperatures through the close of January will keep average monthly temperatures 5 to 12 degrees above average for much of the state. The overall trend still favors a wetter pattern, although with warmer weather the southern parts of the state will favor more rain or a mixed bag of precipitation.

Have a wonderful and safe holiday weekend.

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Alaska

Alaska governor, ally of Trump, will keep flags at full-staff for Inauguration Day • Alaska Beacon

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Alaska governor, ally of Trump, will keep flags at full-staff for Inauguration Day • Alaska Beacon


Alaska will join several other Republican-led states by keeping flags at full-staff on Inauguration Day despite the national period of mourning following President Jimmy Carter’s death last month.

Gov. Mike Dunleavy announced his decision, which breaks prior precedent, in a statement on Thursday. It applies only to flags on state property. Flags on federal property are expected to remain at half-staff.

Flags on state property will be returned to half-staff after Inauguration Day for the remainder of the mourning period.

The governors of Indiana, Idaho, Iowa, Texas, Florida, Tennessee, Oklahoma, North Dakota, Nebraska, Montana and Alabama, among others, have announced similar moves. 

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U.S. Speaker of the House Mike Johnson, a Republican from Louisiana, said on Tuesday that flags at the U.S. Capitol would remain at full-staff on Inauguration Day. 

Their actions follow a statement from President-elect Donald Trump, who said in a Jan. 3 social media post that Democrats would be “giddy” to have flags lowered during his inauguration, adding, “Nobody wants to see this, and no American can be happy about it. Let’s see how it plays out.”

Dunleavy is seen as a friend of the incoming president and has met with him multiple times over the past year. Dunleavy and 21 other Republican governors visited Trump last week in Florida at an event that Trump described as “a love fest.”

Since 1954, flags have been lowered to half-staff during a federally prescribed 30-day mourning period following presidential deaths. In 1973, the second inauguration of President Richard Nixon took place during the mourning period that followed the death of President Harry Truman. 

Then-Gov. Bill Egan made no exceptions for Alaska, contemporary news accounts show, and no exception was made for Nixon’s inauguration in Washington, D.C., either. 

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A spokesperson for Dunleavy’s office said the new precedent is designed to be a balance between honoring the ongoing mourning period for former President Jimmy Carter and recognizing the importance of the peaceful transition of power during the presidential inauguration. 

“Temporarily raising the flags to full-staff for the inauguration underscores the significance of this democratic tradition, while returning them to half-staff afterward ensures continued respect for President Carter’s legacy,” the spokesperson said.

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Federal disaster declaration approved for Northwest Alaska flooding

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Federal disaster declaration approved for Northwest Alaska flooding


ANCHORAGE, Alaska (KTUU) – President Joe Biden announced the approval of federal disaster assistance on Thursday for recovery efforts in areas that sustained damage from flooding and storms in October 2024.

Those areas include the Bering Strait Regional Educational Attendance Area (REAA) and the Northwest Arctic Borough area where many structures were damaged by a severe storm from Oct. 20-23, 2024.

Jerry Jones and his two children were rescued Wednesday after being stranded overnight on the roof of their flooded cabin about 15 miles north of Kotzebue during a large storm impacting Western Alaska.(Courtesy of Jerry Jones)
Kotzebue Flooding
Kotzebue Flooding(Michelle Kubalack)

In a press release, FEMA announced that federal funding is available on a cost-sharing basis for emergency work to the state of Alaska, tribal and eligible local governments, and certain private nonprofit organizations.

The announcement comes just a few days after Biden released the major disaster declaration approval for the August Kwigillingok flooding.

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