WealthPLAN Partners LLC lowered its stake in shares of WP Carey Inc (NYSE:WPC) by 8.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 86,428 shares of the real estate investment trust’s stock after selling 7,712 shares during the period. WP Carey makes up approximately 1.0% of WealthPLAN Partners LLC’s holdings, making the stock its 18th biggest position. WealthPLAN Partners LLC owned approximately 0.05% of WP Carey worth $6,500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WPC. BlackRock Inc. lifted its stake in WP Carey by 73.6% during the 4th quarter. BlackRock Inc. now owns 12,757,812 shares of the real estate investment trust’s stock valued at $833,594,000 after acquiring an additional 5,409,609 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of WP Carey by 454.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,536,876 shares of the real estate investment trust’s stock worth $165,759,000 after purchasing an additional 2,079,698 shares during the period. Northern Trust Corp lifted its stake in shares of WP Carey by 50.3% in the 4th quarter. Northern Trust Corp now owns 1,676,755 shares of the real estate investment trust’s stock worth $109,559,000 after purchasing an additional 561,017 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of WP Carey by 83.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,217,146 shares of the real estate investment trust’s stock worth $79,527,000 after purchasing an additional 552,238 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of WP Carey by 54.1% in the 4th quarter. Geode Capital Management LLC now owns 1,558,680 shares of the real estate investment trust’s stock worth $101,768,000 after purchasing an additional 547,179 shares during the period. Institutional investors and hedge funds own 51.10% of the company’s stock.

Several equities analysts have recently weighed in on WPC shares. ValuEngine upgraded shares of WP Carey from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. JPMorgan Chase & Co. started coverage on shares of WP Carey in a research note on Wednesday, December 19th. They issued a “neutral” rating and a $73.00 price objective on the stock. Capital One Financial reiterated an “equal weight” rating on shares of WP Carey in a research note on Tuesday, March 5th. Zacks Investment Research upgraded shares of WP Carey from a “sell” rating to a “hold” rating in a research note on Friday, March 8th. Finally, Mitsubishi UFJ Financial Group started coverage on shares of WP Carey in a research note on Tuesday. They issued a “neutral” rating and a $78.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $72.25.

Shares of NYSE:WPC traded down $0.28 during trading on Wednesday, hitting $78.60. The company’s stock had a trading volume of 7,325 shares, compared to its average volume of 1,355,029. WP Carey Inc has a 12 month low of $60.80 and a 12 month high of $78.93. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $13.10 billion, a PE ratio of 14.60 and a beta of 0.60.

WP Carey (NYSE:WPC) last issued its quarterly earnings data on Friday, February 22nd. The real estate investment trust reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $273.40 million for the quarter, compared to analysts’ expectations of $283.87 million. During the same quarter in the prior year, the business earned $1.18 EPS. The business’s quarterly revenue was up 39.0% on a year-over-year basis. Analysts expect 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 will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.032 per share. This is a boost from WP Carey’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $4.13 dividend on an annualized basis and a yield of 5.25%. WP Carey’s dividend payout ratio (DPR) is presently 76.44%.

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About WP Carey

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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