Stratford Consulting LLC cut its stake in WP Carey Inc (NYSE:WPC) by 34.6% during the 1st quarter, HoldingsChannel reports. The fund owned 3,457 shares of the real estate investment trust’s stock after selling 1,831 shares during the period. Stratford Consulting LLC’s holdings in WP Carey were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WPC. National Asset Management Inc. increased its holdings in WP Carey by 130.1% in the first quarter. National Asset Management Inc. now owns 7,296 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 4,125 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of WP Carey by 26.4% in the first quarter. New York State Common Retirement Fund now owns 376,900 shares of the real estate investment trust’s stock worth $29,523,000 after acquiring an additional 78,800 shares during the last quarter. FormulaFolio Investments LLC acquired a new stake in shares of WP Carey in the first quarter worth $325,000. TD Asset Management Inc. grew its stake in shares of WP Carey by 3.6% in the first quarter. TD Asset Management Inc. now owns 3,994 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 137 shares during the last quarter. Finally, Forsta AP Fonden grew its stake in shares of WP Carey by 42.8% in the first quarter. Forsta AP Fonden now owns 24,700 shares of the real estate investment trust’s stock worth $1,935,000 after acquiring an additional 7,400 shares during the last quarter. 51.91% of the stock is currently owned by hedge funds and other institutional investors.

WPC has been the topic of several research analyst reports. ValuEngine upgraded shares of WP Carey from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Capital One Financial restated an “equal weight” rating on shares of WP Carey in a research note on Tuesday, March 5th. Zacks Investment Research upgraded shares of WP Carey from a “sell” rating to a “hold” rating in a research note on Saturday, March 2nd. Finally, Mitsubishi UFJ Financial Group lowered their price objective on shares of WP Carey to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. WP Carey has a consensus rating of “Hold” and a consensus price target of $72.05.

WPC stock traded up $0.78 during midday trading on Tuesday, hitting $80.96. The stock had a trading volume of 12,164 shares, compared to its average volume of 920,261. The stock has a market cap of $13.76 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 4.06 and a beta of 0.60. WP Carey Inc has a 52 week low of $62.12 and a 52 week high of $80.89. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.43 and a quick ratio of 0.43.

WP Carey (NYSE:WPC) last released its earnings results on Friday, May 3rd. The real estate investment trust reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. WP Carey had a return on equity of 8.12% and a net margin of 44.84%. The business had revenue of $298.30 million during the quarter, compared to analysts’ expectations of $304.42 million. During the same quarter last year, the firm posted $0.72 earnings per share. The firm’s revenue was up 47.8% on a year-over-year basis. Equities research analysts anticipate that WP Carey Inc will post 4.97 EPS for the current year.

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WP Carey Company Profile

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.

See Also: Net Income

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Institutional Ownership by Quarter for WP Carey (NYSE:WPC)

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