Wilbanks Smith & Thomas Asset Management LLC Holds Holdings in W.P. Carey Inc. (WPC)

Wilbanks Smith & Thomas Asset Management LLC maintained its stake in W.P. Carey Inc. (NYSE:WPC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,330 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in W.P. Carey were worth $220,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. DF Dent & Co. Inc. grew its holdings in W.P. Carey by 0.4% during the 2nd quarter. DF Dent & Co. Inc. now owns 5,779 shares of the real estate investment trust’s stock valued at $381,000 after buying an additional 21 shares in the last quarter. Laurel Wealth Advisors Inc. purchased a new stake in W.P. Carey during the 2nd quarter valued at approximately $343,000. Coldstream Capital Management Inc. grew its holdings in W.P. Carey by 131.7% during the 2nd quarter. Coldstream Capital Management Inc. now owns 16,566 shares of the real estate investment trust’s stock valued at $1,094,000 after buying an additional 9,415 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in W.P. Carey by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,052 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 87 shares in the last quarter. Finally, Carret Asset Management LLC purchased a new stake in W.P. Carey during the 2nd quarter valued at approximately $205,000. 48.76% of the stock is owned by institutional investors and hedge funds.

W.P. Carey Inc. (WPC) traded up 0.247% on Friday, hitting $69.411. 27,917 shares of the company were exchanged. The stock’s 50-day moving average price is $68.66 and its 200-day moving average price is $66.21. The stock has a market capitalization of $7.38 billion, a P/E ratio of 27.876 and a beta of 0.86. W.P. Carey Inc. has a 52-week low of $55.77 and a 52-week high of $70.38.

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 anticipate 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 will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a $1.005 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $1.00. This represents a $4.02 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend is Friday, September 29th. W.P. Carey’s dividend payout ratio is presently 155.21%.

TRADEMARK VIOLATION NOTICE: This story was published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.thestockobserver.com/2017/10/13/wilbanks-smith-thomas-asset-management-llc-holds-holdings-in-w-p-carey-inc-wpc.html.

A number of research analysts recently weighed in on the stock. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of W.P. Carey in a report on Friday, June 16th. Wells Fargo & Company reissued a “market perform” rating and issued a $69.00 target price (up from $59.50) on shares of W.P. Carey in a report on Friday, June 16th. ValuEngine raised shares of W.P. Carey from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub lowered shares of W.P. Carey from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.67.

W.P. Carey 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.

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

Receive News & Ratings for W.P. Carey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.P. Carey Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply