WP Carey Inc (WPC) Position Raised by Brookstone Capital Management

Brookstone Capital Management boosted its stake in WP Carey Inc (NYSE:WPC) by 4.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,055 shares of the real estate investment trust’s stock after purchasing an additional 158 shares during the quarter. Brookstone Capital Management’s holdings in WP Carey were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in WPC. Valley National Advisers Inc. purchased a new position in shares of WP Carey during the fourth quarter worth approximately $25,000. Karp Capital Management Corp purchased a new position in shares of WP Carey during the fourth quarter worth approximately $26,000. Sage Capital Advisors llc purchased a new position in shares of WP Carey during the fourth quarter worth approximately $26,000. Proficio Capital Partners LLC raised its stake in shares of WP Carey by 40.5% during the fourth quarter. Proficio Capital Partners LLC now owns 486 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 140 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. raised its stake in shares of WP Carey by 53.3% during the third quarter. Strategic Wealth Partners Ltd. now owns 512 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 178 shares in the last quarter. 49.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE WPC opened at $76.71 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92. WP Carey Inc has a 52 week low of $60.97 and a 52 week high of $79.75. The firm has a market capitalization of $13.03 billion, a P/E ratio of 14.23, a PEG ratio of 3.86 and a beta of 0.61.

WP Carey (NYSE:WPC) last issued its earnings results on Friday, February 22nd. The real estate investment trust reported $1.33 EPS for the quarter, topping the consensus estimate of $1.30 by $0.03. WP Carey had a net margin of 49.68% and a return on equity of 9.81%. The company had revenue of $273.40 million for the quarter, compared to the consensus estimate of $283.87 million. During the same period in the previous year, the firm earned $1.18 earnings per share. The firm’s revenue for the quarter was up 39.0% on a year-over-year basis. On average, analysts anticipate that WP Carey Inc will post 4.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $1.032 dividend. This represents a $4.13 annualized dividend and a dividend yield of 5.38%. This is an increase from WP Carey’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Thursday, March 28th. WP Carey’s payout ratio is presently 76.62%.

Several research analysts have commented on the stock. Mitsubishi UFJ Financial Group assumed coverage on shares of WP Carey in a research note on Tuesday, March 26th. They set a “neutral” rating and a $78.00 price target on the stock. Zacks Investment Research raised shares of WP Carey from a “sell” rating to a “hold” rating in a research note on Sunday, January 6th. ValuEngine raised shares of WP Carey from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Finally, Capital One Financial reissued an “equal weight” rating on shares of WP Carey in a research note on Tuesday, March 5th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.25.

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WP Carey Company Profile

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $17 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,163 net lease properties covering approximately 131 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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Institutional Ownership by Quarter for WP Carey (NYSE:WPC)

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