National Planning Corp increased its position in W.P. Carey Inc. (NYSE:WPC) by 10.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,509 shares of the real estate investment trust’s stock after buying an additional 967 shares during the period. National Planning Corp’s holdings in W.P. Carey were worth $708,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC increased its stake in shares of W.P. Carey by 5.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,916 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 100 shares in the last quarter. WFG Advisors LP increased its stake in shares of W.P. Carey by 159.3% in the first quarter. WFG Advisors LP now owns 2,344 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 1,440 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of W.P. Carey by 64.0% in the first quarter. Penserra Capital Management LLC now owns 2,608 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 1,018 shares in the last quarter. D. Scott Neal Inc. increased its stake in shares of W.P. Carey by 12.3% in the second quarter. D. Scott Neal Inc. now owns 2,471 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 271 shares in the last quarter. Finally, MUFG Americas Holdings Corp increased its stake in shares of W.P. Carey by 473.8% in the first quarter. MUFG Americas Holdings Corp now owns 2,869 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 2,369 shares in the last quarter. Institutional investors own 49.40% of the company’s stock.

Shares of W.P. Carey Inc. (WPC) opened at 65.87 on Friday. The company has a market capitalization of $7.04 billion, a P/E ratio of 25.36 and a beta of 0.88. The stock’s 50 day moving average price is $67.29 and its 200 day moving average price is $64.32. W.P. Carey Inc. has a 52-week low of $55.77 and a 52-week high of $69.00.

W.P. Carey (NYSE:WPC) last issued its earnings results on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by $0.56. The company had revenue of $221.52 million during the quarter, compared to analysts’ expectations of $221.19 million. W.P. Carey had a net margin of 34.97% and a return on equity of 8.10%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 earnings per share. On average, equities research analysts forecast that W.P. Carey Inc. will post $2.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $1.00 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $1.00. This represents a $4.00 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend was Wednesday, June 28th. W.P. Carey’s dividend payout ratio is presently 154.44%.

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A number of analysts recently issued reports on WPC shares. BidaskClub downgraded W.P. Carey from a “strong-buy” rating to a “buy” rating in a research report on Thursday. ValuEngine downgraded W.P. Carey from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey in a research report on Tuesday, May 23rd. Wells Fargo & Company reiterated a “market perform” rating and set a $69.00 target price (up from $59.50) on shares of W.P. Carey in a research report on Friday, June 16th. Finally, Evercore ISI downgraded W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 target price for the company. in a research report on Monday, June 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. W.P. Carey currently has a consensus rating of “Hold” and a consensus target price of $67.75.

W.P. Carey Company Profile

W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by the Company under the Corporate Property Associates brand name (the CPA REITs) and invests in similar properties.

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Institutional Ownership by Quarter for W.P. Carey (NYSE:WPC)

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