W.P. Carey Inc. (WPC) Position Lifted by Kempen Capital Management N.V.
Kempen Capital Management N.V. increased its position in W.P. Carey Inc. (NYSE:WPC) by 33.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,668 shares of the real estate investment trust’s stock after buying an additional 10,514 shares during the period. Kempen Capital Management N.V.’s holdings in W.P. Carey were worth $2,751,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in W.P. Carey by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 16,099,968 shares of the real estate investment trust’s stock worth $1,001,740,000 after buying an additional 380,735 shares during the period. BlackRock Inc. boosted its holdings in W.P. Carey by 5.5% in the 2nd quarter. BlackRock Inc. now owns 6,873,666 shares of the real estate investment trust’s stock worth $453,731,000 after buying an additional 356,041 shares during the period. State Street Corp boosted its holdings in W.P. Carey by 5.0% in the 1st quarter. State Street Corp now owns 1,937,604 shares of the real estate investment trust’s stock worth $120,555,000 after buying an additional 91,493 shares during the period. UBS Group AG boosted its holdings in W.P. Carey by 0.4% in the 1st quarter. UBS Group AG now owns 1,606,441 shares of the real estate investment trust’s stock worth $99,952,000 after buying an additional 6,652 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in W.P. Carey by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,343,732 shares of the real estate investment trust’s stock worth $83,606,000 after buying an additional 21,224 shares during the period. 48.76% of the stock is owned by institutional investors.
Shares of W.P. Carey Inc. (NYSE WPC) traded up 0.13% during mid-day trading on Monday, reaching $69.75. 31,843 shares of the company’s stock traded hands. The company’s 50 day moving average is $68.05 and its 200 day moving average is $65.26. W.P. Carey Inc. has a 12-month low of $55.77 and a 12-month high of $70.38. The company has a market cap of $7.46 billion, a P/E ratio of 26.86 and a beta of 0.88.
W.P. Carey (NYSE:WPC) last released its quarterly earnings results 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 firm had revenue of $221.52 million for the quarter, compared to analyst estimates of $221.19 million. W.P. Carey had a net margin of 34.97% and a return on equity of 8.10%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 EPS. On average, analysts predict that W.P. Carey Inc. will post $2.23 EPS for the current fiscal year.
WPC has been the subject of several recent analyst reports. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a report on Friday, September 1st. ValuEngine downgraded shares of W.P. Carey from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $69.00 target price (up previously from $59.50) on shares of W.P. Carey in a report on Friday, June 16th. Evercore ISI downgraded shares of W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 target price for the company. in a report on Monday, June 12th. Finally, BidaskClub raised shares of W.P. Carey from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. 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.
Want to see what other hedge funds are holding WPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.P. Carey Inc. (NYSE:WPC).
Receive News & Stock Ratings for W.P. Carey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.P. Carey Inc. and related stocks with our FREE daily email newsletter.