Rhumbline Advisers cut its position in shares of W.P. Carey Inc. (NYSE:WPC) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,931 shares of the real estate investment trust’s stock after selling 3,141 shares during the period. Rhumbline Advisers owned 0.11% of W.P. Carey worth $7,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. DF Dent & Co. Inc. raised its position in shares of 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 during the last quarter. FineMark National Bank & Trust raised its position in shares of 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 worth $977,000 after buying an additional 83 shares during the last quarter. First Manhattan Co. raised its position in shares of 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 worth $1,013,000 after buying an additional 100 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of 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 worth $119,000 after buying an additional 100 shares during the last quarter. Finally, Morse Asset Management Inc raised its position in shares of 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 worth $429,000 after buying an additional 100 shares during the last quarter. Institutional investors own 49.08% of the company’s stock.

W.P. Carey Inc. (WPC) opened at 67.53 on Friday. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 26.00 and a beta of 0.88. The firm has a 50-day moving average price of $67.39 and a 200-day moving average price of $64.70. W.P. Carey Inc. has a one year low of $55.77 and a one year high of $69.00.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by $0.56. W.P. Carey had a net margin of 34.97% and a return on equity of 8.10%. The business had revenue of $221.52 million for the quarter, compared to analysts’ expectations of $221.19 million. During the same quarter in the prior year, the firm posted $1.24 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that W.P. Carey Inc. will post $2.23 earnings per share for the current year.

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A number of research analysts have weighed in on the company. Wells Fargo & Company restated a “market perform” rating and issued a $69.00 price objective (up previously from $59.50) on shares of W.P. Carey in a report on Friday, June 16th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of W.P. Carey in a report on Friday, June 16th. ValuEngine lowered W.P. Carey from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered W.P. Carey from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Evercore ISI lowered W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus 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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