Whalerock Point Partners LLC lowered its position in shares of W.P. Carey Inc. (NYSE:WPC) by 13.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,545 shares of the real estate investment trust’s stock after selling 825 shares during the period. Whalerock Point Partners LLC’s holdings in W.P. Carey were worth $367,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. 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 in the last quarter. 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 valued at $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 valued at $1,013,000 after buying an additional 100 shares during the period. 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 valued at $119,000 after buying an additional 100 shares during the period. Finally, Morse Asset Management Inc boosted its stake in W.P. Carey by 1.6% in the second quarter. Morse Asset Management Inc now owns 6,500 shares of the real estate investment trust’s stock valued at $429,000 after buying an additional 100 shares during the period. 48.89% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Inc. (WPC) traded down 0.2544% during midday trading on Wednesday, hitting $67.5577. The stock had a trading volume of 17,785 shares. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 26.0137 and a beta of 0.88. W.P. Carey Inc. has a 1-year low of $55.77 and a 1-year high of $69.00. The company has a 50-day moving average of $67.39 and a 200-day moving average of $64.70.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings results on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.15 by $0.56. The business had revenue of $221.52 million during the quarter, compared to the consensus estimate of $221.19 million. W.P. Carey had a return on equity of 8.10% and a net margin of 34.97%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 earnings per share. Equities research analysts forecast that W.P. Carey Inc. will post $2.16 EPS for the current year.

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Several equities research analysts have recently commented on WPC shares. ValuEngine cut W.P. Carey from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Wells Fargo & Co reissued a “market perform” rating and issued a $69.00 target price (up from $59.50) on shares of W.P. Carey in a research note on Friday, June 16th. Evercore ISI cut W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 target price for the company. in a research note on Monday, June 12th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of W.P. Carey in a research note on Friday, June 16th. Finally, BidaskClub cut W.P. Carey from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $67.75.

W.P. Carey Company 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)

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