Swiss National Bank lifted its position in shares of W. P. Carey (NYSE:WPC) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,251 shares of the real estate investment trust’s stock after acquiring an additional 4,200 shares during the period. Swiss National Bank owned approximately 0.17% of W. P. Carey worth $11,546,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of WPC. Goldman Sachs Group Inc. lifted its holdings in shares of W. P. Carey by 108.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 673,341 shares of the real estate investment trust’s stock worth $46,393,000 after acquiring an additional 350,143 shares during the period. Prudential Financial Inc. lifted its holdings in shares of W. P. Carey by 326.9% during the 1st quarter. Prudential Financial Inc. now owns 227,950 shares of the real estate investment trust’s stock worth $14,131,000 after acquiring an additional 174,550 shares during the period. BlackRock Inc. lifted its holdings in shares of W. P. Carey by 2.4% during the 4th quarter. BlackRock Inc. now owns 7,157,804 shares of the real estate investment trust’s stock worth $493,172,000 after acquiring an additional 164,830 shares during the period. Mackay Shields LLC bought a new stake in shares of W. P. Carey during the 1st quarter worth approximately $6,290,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of W. P. Carey during the 4th quarter worth approximately $5,627,000. 49.39% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on WPC shares. Zacks Investment Research raised shares of W. P. Carey from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Tuesday, March 20th. Capital One reaffirmed an “equal weight” rating on shares of W. P. Carey in a report on Sunday, February 25th. Finally, ValuEngine downgraded shares of W. P. Carey from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. W. P. Carey has an average rating of “Hold” and a consensus price target of $70.00.
Shares of W. P. Carey opened at $65.04 on Wednesday, MarketBeat Ratings reports. The company has a market capitalization of $6.89 billion, a P/E ratio of 12.27, a P/E/G ratio of 3.72 and a beta of 0.72. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 1.22. W. P. Carey has a one year low of $59.23 and a one year high of $72.41.
W. P. Carey (NYSE:WPC) last issued its quarterly earnings data on Friday, May 4th. The real estate investment trust reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.07. The business had revenue of $201.81 million during the quarter, compared to the consensus estimate of $212.23 million. W. P. Carey had a net margin of 38.04% and a return on equity of 8.33%. The firm’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. research analysts forecast that W. P. Carey will post 4.84 earnings per share for the current fiscal year.
In related news, Director Christopher Niehaus acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was acquired at an average price of $62.28 per share, with a total value of $249,120.00. Following the purchase, the director now directly owns 5,188 shares in the company, valued at $323,108.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter Farrell acquired 2,035 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was bought at an average cost of $61.88 per share, with a total value of $125,925.80. Following the purchase, the director now owns 4,378 shares in the company, valued at $270,910.64. The disclosure for this purchase can be found here. 1.56% of the stock is owned by corporate insiders.
W. P. 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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