Mark A. Alexander Acquires 4,000 Shares of W.P. Carey Inc. (WPC) Stock
W.P. Carey Inc. (NYSE:WPC) Director Mark A. Alexander acquired 4,000 shares of the stock in a transaction on Thursday, November 17th. The stock was bought at an average price of $57.73 per share, with a total value of $230,920.00. Following the completion of the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at $230,920. The purchase was disclosed in a filing with the SEC, which is available at this link.
W.P. Carey Inc. (NYSE:WPC) opened at 58.20 on Tuesday. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 23.00 and a beta of 0.90. The company has a 50-day moving average of $60.28 and a 200-day moving average of $65.42. W.P. Carey Inc. has a one year low of $51.12 and a one year high of $72.89.
W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.20 by $0.17. The firm had revenue of $204.20 million for the quarter, compared to the consensus estimate of $176.33 million. W.P. Carey had a net margin of 30.17% and a return on equity of 7.71%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.19 earnings per share. On average, equities analysts forecast that W.P. Carey Inc. will post $2.68 EPS for the current fiscal year.
WPC has been the subject of several recent research reports. Zacks Investment Research upgraded shares of W.P. Carey from a “hold” rating to a “strong-buy” rating and set a $82.00 target price for the company in a report on Thursday, July 28th. BMO Capital Markets reiterated a “buy” rating and set a $81.00 target price on shares of W.P. Carey in a report on Friday, September 23rd. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of W.P. Carey in a report on Sunday, September 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $71.63.
Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. increased its position in shares of W.P. Carey by 3,189.1% in the third quarter. Advisors Asset Management Inc. now owns 1,809 shares of the company’s stock worth $117,000 after buying an additional 1,754 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in shares of W.P. Carey during the third quarter worth approximately $124,000. AllSquare Wealth Management LLC increased its position in shares of W.P. Carey by 11.1% in the second quarter. AllSquare Wealth Management LLC now owns 2,000 shares of the company’s stock worth $139,000 after buying an additional 200 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of W.P. Carey by 3.4% in the second quarter. Checchi Capital Advisers LLC now owns 2,458 shares of the company’s stock worth $171,000 after buying an additional 80 shares in the last quarter. Finally, Logan Capital Management Inc. bought a new position in shares of W.P. Carey during the second quarter worth approximately $201,000. Institutional investors own 48.18% of the company’s stock.
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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