Public Employees Retirement System of Ohio boosted its holdings in WP Carey Inc (NYSE:WPC) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,767 shares of the real estate investment trust’s stock after buying an additional 970 shares during the period. Public Employees Retirement System of Ohio’s holdings in WP Carey were worth $4,852,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. lifted its stake in shares of WP Carey by 4.6% in the 1st quarter. BlackRock Inc. now owns 13,349,952 shares of the real estate investment trust’s stock valued at $1,045,703,000 after purchasing an additional 592,140 shares in the last quarter. JPMorgan Chase & Co. lifted its position in WP Carey by 20.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,752,681 shares of the real estate investment trust’s stock worth $386,964,000 after acquiring an additional 813,846 shares in the last quarter. Centersquare Investment Management LLC lifted its position in WP Carey by 5.2% during the 1st quarter. Centersquare Investment Management LLC now owns 1,892,926 shares of the real estate investment trust’s stock worth $148,273,000 after acquiring an additional 92,846 shares in the last quarter. Northern Trust Corp lifted its position in WP Carey by 0.6% during the 1st quarter. Northern Trust Corp now owns 1,686,299 shares of the real estate investment trust’s stock worth $132,087,000 after acquiring an additional 9,544 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in WP Carey by 54.1% during the 4th quarter. Geode Capital Management LLC now owns 1,558,680 shares of the real estate investment trust’s stock worth $101,768,000 after acquiring an additional 547,179 shares in the last quarter. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

WPC stock traded down $1.16 during midday trading on Friday, hitting $87.56. 7,311 shares of the company’s stock were exchanged, compared to its average volume of 591,001. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.87. WP Carey Inc has a 12-month low of $62.12 and a 12-month high of $92.06. The firm has a 50 day moving average price of $87.63 and a 200-day moving average price of $82.06. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 6.58 and a beta of 0.46.

WP Carey (NYSE:WPC) last posted its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.85). WP Carey had a return on equity of 6.72% and a net margin of 38.36%. The business had revenue of $305.21 million for the quarter, compared to analysts’ expectations of $303.23 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. On average, sell-side analysts forecast that WP Carey Inc will post 4.9 EPS for the current fiscal year.

Several research firms recently commented on WPC. ValuEngine lowered WP Carey from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research reissued a “sell” rating on shares of WP Carey in a research report on Sunday, September 8th. Finally, Citigroup raised WP Carey from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $59.00 to $81.00 in a research report on Friday, June 7th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. WP Carey presently has a consensus rating of “Hold” and a consensus price target of $77.00.

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.

Read More: Certificate of Deposit (CD)

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

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