Cbre Clarion Securities LLC purchased a new position in shares of WP Carey Inc (NYSE:WPC) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 162,000 shares of the real estate investment trust’s stock, valued at approximately $9,409,000. Cbre Clarion Securities LLC owned about 0.09% of WP Carey at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacitti Group Inc. bought a new position in WP Carey during the 4th quarter worth approximately $32,000. Lindbrook Capital LLC grew its position in WP Carey by 75.6% during the 1st quarter. Lindbrook Capital LLC now owns 425 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 183 shares during the last quarter. Lionsbridge Wealth Management LLC bought a new position in WP Carey during the 4th quarter worth approximately $35,000. HHM Wealth Advisors LLC bought a new position in WP Carey during the 1st quarter worth approximately $32,000. Finally, Harwood Advisory Group LLC bought a new position in WP Carey during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

WPC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered WP Carey from a “hold” rating to a “sell” rating in a research report on Saturday. Wells Fargo & Co cut their price objective on WP Carey from $92.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Finally, Citigroup cut their price objective on WP Carey from $83.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $68.00.

In related news, Director Christopher Niehaus acquired 1,500 shares of the stock in a transaction on Monday, March 16th. The stock was acquired at an average price of $64.68 per share, for a total transaction of $97,020.00. Following the completion of the purchase, the director now owns 7,983 shares of the company’s stock, valued at $516,340.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Alexander acquired 4,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $61.84 per share, with a total value of $247,360.00. Following the purchase, the director now directly owns 18,878 shares of the company’s stock, valued at approximately $1,167,415.52. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 19,785 shares of company stock valued at $1,003,248. 1.09% of the stock is currently owned by company insiders.

Shares of WPC traded up $2.69 on Wednesday, reaching $66.87. The stock had a trading volume of 30,906 shares, compared to its average volume of 1,045,575. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 1.70 and a beta of 0.75. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.40 and a current ratio of 0.40. The company has a 50-day simple moving average of $61.30 and a 200-day simple moving average of $73.60. WP Carey Inc has a 12-month low of $38.62 and a 12-month high of $93.62.

WP Carey (NYSE:WPC) last released its earnings results on Friday, May 1st. The real estate investment trust reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.06. The company had revenue of $294.60 million during the quarter, compared to analysts’ expectations of $278.30 million. WP Carey had a return on equity of 4.38% and a net margin of 24.64%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. On average, analysts expect that WP Carey Inc will post 4.24 EPS for the current fiscal year.

WP Carey Profile

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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Institutional Ownership by Quarter for WP Carey (NYSE:WPC)

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