RPg Family Wealth Advisory LLC decreased its position in shares of WP Carey Inc (NYSE:WPC) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,242 shares of the real estate investment trust’s stock after selling 623 shares during the quarter. WP Carey accounts for approximately 2.0% of RPg Family Wealth Advisory LLC’s investment portfolio, making the stock its 18th largest position. RPg Family Wealth Advisory LLC’s holdings in WP Carey were worth $3,348,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Wellington Shields & Co. LLC boosted its stake in shares of WP Carey by 0.6% during the second quarter. Wellington Shields & Co. LLC now owns 18,915 shares of the real estate investment trust’s stock valued at $1,536,000 after purchasing an additional 120 shares in the last quarter. TD Asset Management Inc. raised its position in shares of WP Carey by 3.6% during the first quarter. TD Asset Management Inc. now owns 3,994 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 137 shares during the last quarter. KC Investment Advisors LLC lifted its stake in shares of WP Carey by 2.7% in the first quarter. KC Investment Advisors LLC now owns 5,355 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 140 shares during the period. Sheets Smith Wealth Management increased its position in WP Carey by 0.3% during the 2nd quarter. Sheets Smith Wealth Management now owns 64,182 shares of the real estate investment trust’s stock valued at $5,210,000 after purchasing an additional 181 shares during the period. Finally, NewFocus Financial Group LLC increased its position in WP Carey by 0.5% during the 2nd quarter. NewFocus Financial Group LLC now owns 37,112 shares of the real estate investment trust’s stock valued at $3,013,000 after purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 56.29% of the company’s stock.
NYSE WPC traded up $0.53 during trading hours on Wednesday, hitting $87.91. The company’s stock had a trading volume of 23,171 shares, compared to its average volume of 578,869. WP Carey Inc has a 52 week low of $62.12 and a 52 week high of $92.06. The company has a market capitalization of $14.82 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 6.73 and a beta of 0.46. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.87. The company’s 50-day simple moving average is $87.57 and its two-hundred day simple moving average is $81.99.
WP Carey (NYSE:WPC) last issued its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.85). WP Carey had a return on equity of 6.72% and a net margin of 38.36%. The company had revenue of $305.21 million for the quarter, compared to the consensus estimate of $303.23 million. During the same period in the prior year, the firm posted $0.60 earnings per share. Research analysts anticipate that WP Carey Inc will post 4.9 EPS for the current fiscal year.
A number of research firms have recently commented on WPC. Zacks Investment Research reaffirmed a “sell” rating on shares of WP Carey in a research note on Sunday. Citigroup raised shares of WP Carey from a “sell” rating to a “neutral” rating and increased their target price for the stock from $59.00 to $81.00 in a research note on Friday, June 7th. Finally, ValuEngine cut WP Carey from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. WP Carey currently has an average rating of “Hold” and a consensus target price of $77.00.
About WP Carey
W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $17 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,163 net lease properties covering approximately 131 million square feet. For over four decades, the company has invested in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators.
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