Osborn Williams & Donohoe LLC cut its holdings in WP Carey Inc (NYSE:WPC) by 19.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,800 shares of the real estate investment trust’s stock after selling 900 shares during the period. Osborn Williams & Donohoe LLC’s holdings in WP Carey were worth $340,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of WPC. Centaurus Financial Inc. increased its stake in shares of WP Carey by 65.4% in the first quarter. Centaurus Financial Inc. now owns 2,051 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 811 shares during the period. Lenox Wealth Advisors LLC acquired a new stake in WP Carey during the third quarter worth about $26,000. Manchester Financial Inc. acquired a new stake in WP Carey during the second quarter worth about $32,000. Parkside Financial Bank & Trust grew its position in WP Carey by 406.3% during the second quarter. Parkside Financial Bank & Trust now owns 400 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 321 shares in the last quarter. Finally, TD Capital Management LLC acquired a new stake in WP Carey during the second quarter worth about $45,000. Institutional investors and hedge funds own 56.27% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research reissued a “hold” rating on shares of WP Carey in a research report on Saturday, October 12th. ValuEngine downgraded WP Carey from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $77.00.
WP Carey (NYSE:WPC) last released its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.85). The company had revenue of $305.21 million for the quarter, compared to analyst estimates of $303.23 million. WP Carey had a net margin of 38.36% and a return on equity of 6.72%. During the same period in the previous year, the firm posted $0.60 earnings per share. Equities analysts predict that WP Carey Inc will post 4.88 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.036 dividend. This is an increase from WP Carey’s previous quarterly dividend of $1.03. This represents a $4.14 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Friday, September 27th. WP Carey’s payout ratio is presently 76.81%.
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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