Bank of New York Mellon Corp lifted its position in shares of W.P. Carey Inc. (NYSE:WPC) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 755,971 shares of the real estate investment trust’s stock after purchasing an additional 22,204 shares during the period. Bank of New York Mellon Corp owned about 0.71% of W.P. Carey worth $49,902,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. DF Dent & Co. Inc. lifted its position in shares of W.P. Carey by 0.4% during the first quarter. DF Dent & Co. Inc. now owns 5,758 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 22 shares in the last quarter. FineMark National Bank & Trust lifted its position in shares of W.P. Carey by 0.6% during the second quarter. FineMark National Bank & Trust now owns 14,808 shares of the real estate investment trust’s stock worth $977,000 after purchasing an additional 83 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of W.P. Carey by 5.5% during 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 purchasing an additional 100 shares in the last quarter. Morse Asset Management Inc lifted its position in shares of W.P. Carey by 1.6% during the second quarter. Morse Asset Management Inc now owns 6,500 shares of the real estate investment trust’s stock worth $429,000 after purchasing an additional 100 shares in the last quarter. Finally, First Manhattan Co. lifted its position in shares of W.P. Carey by 0.8% during the second quarter. First Manhattan Co. now owns 14,515 shares of the real estate investment trust’s stock worth $958,000 after purchasing an additional 115 shares in the last quarter. 48.89% of the stock is currently owned by institutional investors and hedge funds.

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

W.P. Carey (NYSE:WPC) last announced its earnings results on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by $0.56. The company had revenue of $221.52 million for the quarter, compared to the consensus estimate of $221.19 million. W.P. Carey had a return on equity of 8.10% and a net margin of 34.97%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 EPS. Equities analysts expect that W.P. Carey Inc. will post $2.16 earnings per share for the current year.

A number of research firms have recently commented on WPC. BidaskClub raised shares of W.P. Carey from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of W.P. Carey in a research report on Friday. Evercore ISI cut shares of W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 target price on the stock. in a research report on Monday, June 12th. Wells Fargo & Company reissued a “market perform” rating and set a $69.00 target price (up from $59.50) on shares of W.P. Carey in a research report on Friday, June 16th. Finally, ValuEngine cut shares of W.P. Carey from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. 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’s stock. W.P. Carey presently has an average rating of “Hold” and a consensus price target 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.

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

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