WP Carey Inc (NYSE:WPC) Shares Sold by FLC Capital Advisors

FLC Capital Advisors reduced its position in WP Carey Inc (NYSE:WPC) by 3.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 16,108 shares of the real estate investment trust’s stock after selling 611 shares during the quarter. FLC Capital Advisors’ holdings in WP Carey were worth $1,067,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Heritage Wealth Advisors boosted its position in shares of WP Carey by 1,832.5% during the 2nd quarter. Heritage Wealth Advisors now owns 13,122 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 12,443 shares in the last quarter. Private Capital Group LLC boosted its position in shares of WP Carey by 34.8% in the 2nd quarter. Private Capital Group LLC now owns 929 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 240 shares in the last quarter. Ellevest Inc. boosted its position in shares of WP Carey by 278.4% in the 2nd quarter. Ellevest Inc. now owns 965 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 710 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of WP Carey in the 1st quarter worth about $69,000. Finally, Global Retirement Partners LLC boosted its position in shares of WP Carey by 118.1% in the 2nd quarter. Global Retirement Partners LLC now owns 1,568 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 849 shares in the last quarter. 62.16% of the stock is currently owned by institutional investors.

WPC stock traded down $1.95 during trading on Monday, hitting $64.84. The stock had a trading volume of 16,775 shares, compared to its average volume of 956,672. The company’s 50 day moving average price is $67.25 and its two-hundred day moving average price is $66.26. WP Carey Inc has a 1-year low of $38.62 and a 1-year high of $93.10. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 33.73 and a beta of 0.72. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.25 and a current ratio of 0.25.

WP Carey (NYSE:WPC) last announced its earnings results on Friday, July 31st. The real estate investment trust reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.01. WP Carey had a net margin of 28.17% and a return on equity of 4.98%. The firm had revenue of $290.50 million during the quarter, compared to the consensus estimate of $291.88 million. During the same quarter in the previous year, the company posted $1.07 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that WP Carey Inc will post 4.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $1.044 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 6.44%. This is an increase from WP Carey’s previous quarterly dividend of $1.04. WP Carey’s dividend payout ratio is currently 83.60%.

Several equities research analysts recently commented on the stock. TheStreet upgraded shares of WP Carey from a “c+” rating to a “b” rating in a research report on Tuesday, September 22nd. Zacks Investment Research raised shares of WP Carey from a “sell” rating to a “hold” rating in a research note on Thursday, August 20th. Finally, BMO Capital Markets reissued a “buy” rating on shares of WP Carey in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $74.25.

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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