Campbell Wealth Management Purchases Shares of 9,036 WP Carey Inc (WPC)
Campbell Wealth Management purchased a new stake in WP Carey Inc (NYSE:WPC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,036 shares of the real estate investment trust’s stock, valued at approximately $590,000. WP Carey makes up about 0.2% of Campbell Wealth Management’s investment portfolio, making the stock its 21st largest holding.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Karp Capital Management Corp acquired a new position in shares of WP Carey during the fourth quarter valued at about $26,000. Sage Capital Advisors llc acquired a new position in shares of WP Carey during the fourth quarter valued at about $26,000. Proficio Capital Partners LLC grew its holdings 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 valued at $32,000 after buying an additional 140 shares during the last quarter. Strategic Wealth Partners Ltd. grew its holdings 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 valued at $33,000 after buying an additional 178 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of WP Carey during the fourth quarter valued at about $39,000. 51.89% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on WPC shares. ValuEngine upgraded shares of WP Carey from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Capital One Financial reiterated an “equal weight” rating on shares of WP Carey in a report on Tuesday, March 5th. Zacks Investment Research upgraded shares of WP Carey from a “sell” rating to a “hold” rating in a report on Saturday, March 2nd. Finally, JPMorgan Chase & Co. started coverage on shares of WP Carey in a report on Wednesday, December 19th. They set a “neutral” rating and a $73.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $70.81.
WP Carey (NYSE:WPC) last released its quarterly earnings results on Friday, February 22nd. The real estate investment trust reported $1.33 earnings per share 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 business had revenue of $273.40 million for the quarter, compared to analysts’ expectations of $283.87 million. During the same period in the previous year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was up 39.0% compared to the same quarter last year. As a group, research analysts anticipate that WP Carey Inc will post 5 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a dividend of $1.032 per share. The ex-dividend date of this dividend is Thursday, March 28th. This is a boost from WP Carey’s previous quarterly dividend of $1.03. This represents a $4.13 annualized dividend and a yield of 5.35%. WP Carey’s payout ratio is 76.44%.
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WP Carey Company Profile
Celebrating its 45th anniversary, W. P. Carey ranks among the largest diversified net lease REITs with an enterprise value of approximately $17 billion and a portfolio of operationally-critical commercial real estate that includes 1,186 net lease properties covering approximately 133 million square feet.
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