WP Carey Inc (WPC) Position Lifted by Paloma Partners Management Co

Paloma Partners Management Co boosted its holdings in WP Carey Inc (NYSE:WPC) by 360.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,528 shares of the real estate investment trust’s stock after acquiring an additional 20,761 shares during the period. Paloma Partners Management Co’s holdings in WP Carey were worth $1,760,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WPC. Massachusetts Financial Services Co. MA acquired a new position in WP Carey in the second quarter valued at approximately $68,844,000. Prudential Financial Inc. lifted its holdings in WP Carey by 326.9% in the first quarter. Prudential Financial Inc. now owns 227,950 shares of the real estate investment trust’s stock valued at $14,131,000 after acquiring an additional 174,550 shares during the last quarter. BlackRock Inc. lifted its holdings in WP Carey by 1.7% in the second quarter. BlackRock Inc. now owns 7,228,551 shares of the real estate investment trust’s stock valued at $479,613,000 after acquiring an additional 124,191 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in WP Carey by 5,503.4% in the first quarter. Envestnet Asset Management Inc. now owns 96,154 shares of the real estate investment trust’s stock valued at $6,107,000 after acquiring an additional 94,438 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in WP Carey by 2,859.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 97,603 shares of the real estate investment trust’s stock valued at $6,476,000 after acquiring an additional 94,305 shares during the last quarter. Hedge funds and other institutional investors own 48.85% of the company’s stock.

NYSE:WPC opened at $65.39 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.19 and a current ratio of 0.19. WP Carey Inc has a 52 week low of $59.23 and a 52 week high of $72.41. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 3.23 and a beta of 0.65.

WP Carey (NYSE:WPC) last released its quarterly earnings results on Friday, August 3rd. The real estate investment trust reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.50). WP Carey had a return on equity of 8.51% and a net margin of 38.18%. The firm had revenue of $201.14 million for the quarter, compared to analyst estimates of $213.21 million. During the same quarter last year, the company earned $1.38 earnings per share. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. analysts anticipate that WP Carey Inc will post 5.05 EPS for the current fiscal year.

A number of research analysts have commented on the company. Zacks Investment Research cut WP Carey from a “hold” rating to a “sell” rating in a research note on Tuesday, June 5th. Wells Fargo & Co upped their price target on WP Carey from $65.00 to $69.00 and gave the stock a “market perform” rating in a research note on Thursday, June 14th. Finally, Bank of America upped their price target on WP Carey from $59.00 to $66.25 and gave the stock an “underperform” rating in a research note on Monday, August 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. WP Carey has an average rating of “Hold” and a consensus price target of $71.81.

About WP Carey

Celebrating its 45th anniversary, W. P. Carey ranks among the largest diversified net lease REITs with an enterprise value of over $11 billion and a portfolio of operationally-critical commercial real estate totaling 878 properties covering approximately 87 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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Institutional Ownership by Quarter for WP Carey (NYSE:WPC)

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