WealthPLAN Partners LLC grew its holdings in WP Carey Inc (NYSE:WPC) by 34.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,285 shares of the real estate investment trust’s stock after buying an additional 14,305 shares during the quarter. WealthPLAN Partners LLC owned 0.05% of WP Carey worth $3,489,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Pin Oak Investment Advisors Inc. purchased a new stake in shares of WP Carey during the fourth quarter worth approximately $120,000. Bruderman Asset Management LLC purchased a new stake in shares of WP Carey during the first quarter worth approximately $123,000. Centaurus Financial Inc. purchased a new stake in shares of WP Carey during the first quarter worth approximately $133,000. Neuburgh Advisers LLC purchased a new stake in shares of WP Carey during the first quarter worth approximately $143,000. Finally, Clearwater Capital Advisors LLC purchased a new stake in shares of WP Carey during the first quarter worth approximately $147,000. Institutional investors and hedge funds own 49.53% of the company’s stock.
Several analysts recently commented on the company. Zacks Investment Research cut WP Carey from a “hold” rating to a “sell” rating in a research report on Tuesday, June 5th. ValuEngine cut WP Carey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, Capital One Financial reiterated an “equal weight” rating on shares of WP Carey in a research report on Sunday, February 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $72.00.
WP Carey (NYSE:WPC) last released its quarterly earnings data on Friday, May 4th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.07. The company had revenue of $201.81 million for the quarter, compared to analyst estimates of $212.23 million. WP Carey had a return on equity of 8.33% and a net margin of 38.04%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 earnings per share. sell-side analysts forecast that WP Carey Inc will post 4.84 EPS for the current year.
In other WP Carey news, insider Arjun Mahalingam sold 614 shares of the business’s stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $66.56, for a total transaction of $40,867.84. Following the transaction, the insider now owns 2,272 shares of the company’s stock, valued at $151,224.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher Niehaus acquired 4,000 shares of the stock in a transaction on Friday, March 16th. The shares were bought at an average cost of $62.28 per share, for a total transaction of $249,120.00. Following the purchase, the director now directly owns 5,188 shares of the company’s stock, valued at approximately $323,108.64. The disclosure for this purchase can be found here. Insiders own 1.56% of the company’s stock.
WP Carey Profile
Celebrating its 45th anniversary, W. P. Carey Inc is a leading internally-managed net lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions primarily for companies in the U.S. and Europe. At December 31, 2017, the Company had an enterprise value of approximately $11.5 billion.
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