First Trust Advisors LP increased its position in shares of W.P. Carey Inc. (NYSE:WPC) by 14.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,294 shares of the real estate investment trust’s stock after buying an additional 10,030 shares during the period. First Trust Advisors LP owned approximately 0.07% of W.P. Carey worth $5,168,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WPC. Patriot Financial Group Insurance Agency LLC raised 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 worth $119,000 after buying an additional 100 shares during the period. WFG Advisors LP raised its stake in shares of W.P. Carey by 159.3% in the first quarter. WFG Advisors LP now owns 2,344 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 1,440 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of W.P. Carey by 64.0% in the first quarter. Penserra Capital Management LLC now owns 2,608 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 1,018 shares during the last quarter. D. Scott Neal Inc. raised its stake in shares of W.P. Carey by 12.3% in the second quarter. D. Scott Neal Inc. now owns 2,471 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 271 shares during the last quarter. Finally, MUFG Americas Holdings Corp raised its stake in shares of W.P. Carey by 473.8% in the first quarter. MUFG Americas Holdings Corp now owns 2,869 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 2,369 shares during the last quarter. 48.89% of the stock is owned by hedge funds and other institutional investors.

Shares of W.P. Carey Inc. (NYSE WPC) opened at 68.85 on Friday. W.P. Carey Inc. has a 52 week low of $55.77 and a 52 week high of $69.25. The company has a 50-day moving average price of $67.60 and a 200-day moving average price of $64.84. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 26.51 and a beta of 0.88.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing the Thomson Reuters’ 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 net margin of 34.97% and a return on equity of 8.10%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $1.24 EPS. Equities analysts anticipate that W.P. Carey Inc. will post $2.16 EPS for the current year.

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A number of brokerages recently commented on WPC. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $69.00 price target (up previously from $59.50) on shares of W.P. Carey in a research note on Friday, June 16th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a research note on Friday, June 16th. ValuEngine lowered W.P. Carey from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered W.P. Carey from a “strong-buy” rating to a “buy” rating in a research note 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 target for the company. in a research note on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. W.P. Carey presently has an average rating of “Hold” and a consensus target price of $67.75.

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.

Institutional Ownership by Quarter for W.P. Carey (NYSE:WPC)

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