Legal & General Group Plc increased its stake in W.P. Carey Inc. (NYSE:WPC) by 18.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 303,932 shares of the real estate investment trust’s stock after buying an additional 48,076 shares during the period. Legal & General Group Plc owned about 0.29% of W.P. Carey worth $20,064,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in W.P. Carey by 2.4% in the first quarter. Vanguard Group Inc. now owns 16,099,968 shares of the real estate investment trust’s stock valued at $1,001,740,000 after buying an additional 380,735 shares during the period. BlackRock Inc. raised its position in W.P. Carey by 4,264.3% in the first quarter. BlackRock Inc. now owns 6,517,625 shares of the real estate investment trust’s stock valued at $405,525,000 after buying an additional 6,368,287 shares during the period. State Street Corp raised its position in W.P. Carey by 5.0% in the first quarter. State Street Corp now owns 1,937,604 shares of the real estate investment trust’s stock valued at $120,555,000 after buying an additional 91,493 shares during the period. UBS Group AG raised its position in W.P. Carey by 0.4% in the first quarter. UBS Group AG now owns 1,606,441 shares of the real estate investment trust’s stock valued at $99,952,000 after buying an additional 6,652 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in W.P. Carey by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,343,732 shares of the real estate investment trust’s stock valued at $83,606,000 after buying an additional 21,224 shares during the period. 48.89% of the stock is currently owned by hedge funds and other institutional investors.

W.P. Carey Inc. (NYSE:WPC) opened at 69.34 on Friday. W.P. Carey Inc. has a 52 week low of $55.77 and a 52 week high of $69.60. The company has a market capitalization of $7.41 billion, a P/E ratio of 26.70 and a beta of 0.88. The stock’s 50 day moving average price is $67.67 and its 200 day moving average price is $64.88.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Friday, August 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by $0.56. The business had revenue of $221.52 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $1.24 earnings per share. Analysts anticipate that W.P. Carey Inc. will post $2.16 earnings per share for the current year.

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WPC has been the topic of several recent analyst reports. BidaskClub raised W.P. Carey from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a research report on Tuesday, May 23rd. ValuEngine lowered W.P. Carey from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Wells Fargo & Company reaffirmed a “market perform” rating and set a $69.00 price target (up previously from $59.50) on shares of W.P. Carey in a research report on Friday, June 16th. Finally, Evercore ISI lowered W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 price target on the stock. in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target 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.

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

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