NewFocus Financial Group LLC boosted its position in shares of W.P. Carey Inc. (NYSE:WPC) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,141 shares of the real estate investment trust’s stock after buying an additional 700 shares during the period. W.P. Carey makes up 1.3% of NewFocus Financial Group LLC’s holdings, making the stock its 28th largest position. NewFocus Financial Group LLC’s holdings in W.P. Carey were worth $2,320,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WPC. DF Dent & Co. Inc. boosted its stake in W.P. Carey by 0.4% in the first quarter. DF Dent & Co. Inc. now owns 5,758 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 22 shares during the period. FineMark National Bank & Trust boosted its stake in W.P. Carey by 0.6% in the second quarter. FineMark National Bank & Trust now owns 14,808 shares of the real estate investment trust’s stock worth $977,000 after buying an additional 83 shares during the period. First Manhattan Co. boosted its stake in W.P. Carey by 0.6% in the first quarter. First Manhattan Co. now owns 15,700 shares of the real estate investment trust’s stock worth $1,013,000 after buying an additional 100 shares during the period. Creative Planning boosted its stake in W.P. Carey by 0.4% in the first quarter. Creative Planning now owns 24,216 shares of the real estate investment trust’s stock worth $1,507,000 after buying an additional 100 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in W.P. Carey by 5.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,916 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 100 shares during the period. Institutional investors own 49.35% of the company’s stock.

W.P. Carey Inc. (NYSE WPC) opened at 68.39 on Friday. The stock’s 50 day moving average is $67.39 and its 200-day moving average is $64.06. W.P. Carey Inc. has a 12 month low of $55.77 and a 12 month high of $72.53. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 27.59 and a beta of 0.88.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by $0.56. W.P. Carey had a net margin of 33.03% and a return on equity of 7.73%. The firm had revenue of $221.52 million during the quarter, compared to the consensus estimate of $221.19 million. During the same period last year, the business earned $1.24 EPS. The business’s revenue was up 1.1% on a year-over-year basis. On average, analysts anticipate that W.P. Carey Inc. will post $2.68 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date was Wednesday, June 28th. This is an increase from W.P. Carey’s previous quarterly dividend of $1.00. W.P. Carey’s dividend payout ratio (DPR) is 154.44%.

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A number of equities research analysts have issued reports on the stock. Wells Fargo & Company restated a “market perform” rating and set a $69.00 price target (up from $59.50) on shares of W.P. Carey in a report on Friday, June 16th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of W.P. Carey in a report on Friday, June 16th. ValuEngine cut shares of W.P. Carey from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Evercore ISI cut shares of W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 price target for the company. in a report on Monday, June 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $67.75.

About W.P. Carey

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.

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

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