Prudential Financial Inc. Lowers Holdings in W.P. Carey Inc. REIT (WPC)

Prudential Financial Inc. lessened its stake in W.P. Carey Inc. REIT (NYSE:WPC) by 12.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,900 shares of the real estate investment trust’s stock after selling 5,200 shares during the quarter. Prudential Financial Inc.’s holdings in W.P. Carey Inc. REIT were worth $2,419,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of WPC. Ffcm LLC increased its position in W.P. Carey Inc. REIT by 179.3% in the 2nd quarter. Ffcm LLC now owns 1,701 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 1,092 shares in the last quarter. Bruderman Asset Management LLC acquired a new stake in W.P. Carey Inc. REIT in the 2nd quarter valued at about $115,000. QCI Asset Management Inc. NY increased its position in W.P. Carey Inc. REIT by 148.7% in the 2nd quarter. QCI Asset Management Inc. NY now owns 1,803 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 1,078 shares in the last quarter. Schroder Investment Management Group acquired a new stake in W.P. Carey Inc. REIT in the 2nd quarter valued at about $128,000. Finally, Legg Mason Asset Management Japan Co. Ltd. acquired a new stake in W.P. Carey Inc. REIT in the 2nd quarter valued at about $172,000. Hedge funds and other institutional investors own 48.76% of the company’s stock.

WPC has been the subject of several research reports. BidaskClub cut shares of W.P. Carey Inc. REIT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. ValuEngine upgraded shares of W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of W.P. Carey Inc. REIT in a research report on Friday, November 10th. Robert W. Baird initiated coverage on shares of W.P. Carey Inc. REIT in a research report on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 price objective for the company. Finally, Zacks Investment Research cut shares of W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $70.00.

Shares of W.P. Carey Inc. REIT (WPC) traded down $0.15 during midday trading on Tuesday, hitting $71.01. 368,900 shares of the stock traded hands, compared to its average volume of 312,036. The company has a market cap of $7,607.68, a price-to-earnings ratio of 13.63, a PEG ratio of 3.96 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.19. W.P. Carey Inc. REIT has a one year low of $56.87 and a one year high of $72.41.

W.P. Carey Inc. REIT (NYSE:WPC) last issued its earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.21. The company had revenue of $210.00 million for the quarter, compared to analyst estimates of $212.72 million. W.P. Carey Inc. REIT had a net margin of 31.28% and a return on equity of 7.25%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. equities research analysts expect that W.P. Carey Inc. REIT will post 4.49 EPS for the current year.

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W.P. Carey Inc. REIT 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 Inc. REIT (NYSE:WPC)

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