Fisher Asset Management LLC Buys 1,900 Shares of W.P. Carey Inc. (WPC)

Fisher Asset Management LLC boosted its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 38.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,873 shares of the real estate investment trust’s stock after buying an additional 1,900 shares during the period. Fisher Asset Management LLC’s holdings in W.P. Carey were worth $454,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of W.P. Carey by 31.2% in the fourth quarter. Renaissance Technologies LLC now owns 130,388 shares of the real estate investment trust’s stock valued at $7,705,000 after buying an additional 30,988 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of W.P. Carey by 17.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 349,785 shares of the real estate investment trust’s stock valued at $21,764,000 after buying an additional 50,736 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of W.P. Carey by 7.9% in the first quarter. Janney Montgomery Scott LLC now owns 21,015 shares of the real estate investment trust’s stock worth $1,308,000 after buying an additional 1,534 shares during the last quarter. Whalerock Point Partners LLC increased its stake in shares of W.P. Carey by 10.1% in the fourth quarter. Whalerock Point Partners LLC now owns 6,570 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 600 shares during the last quarter. Finally, First Manhattan Co. increased its stake in shares of W.P. Carey by 0.6% in the first quarter. First Manhattan Co. now owns 15,700 shares of the real estate investment trust’s stock worth $1,013,000 after buying an additional 100 shares during the last quarter. 49.08% of the stock is currently owned by institutional investors.

Shares of W.P. Carey Inc. (NYSE:WPC) traded down 0.21% during trading on Friday, hitting $67.10. 190,488 shares of the stock traded hands. The stock has a 50 day moving average of $67.27 and a 200 day moving average of $64.51. W.P. Carey Inc. has a 52-week low of $55.77 and a 52-week high of $69.00. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 25.84 and a beta of 0.88.

W.P. Carey (NYSE:WPC) last issued its earnings results on Friday, August 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by $0.56. The firm had revenue of $221.52 million during the quarter, compared to analysts’ expectations of $221.19 million. W.P. Carey had a net margin of 34.97% and a return on equity of 8.10%. W.P. Carey’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS. Analysts expect that W.P. Carey Inc. will post $2.23 EPS for the current year.

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A number of analysts have recently issued reports on WPC shares. BidaskClub raised shares of W.P. Carey from a “buy” rating to a “strong-buy” rating in a report on Saturday. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a report on Tuesday, May 23rd. 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 set a $69.00 price target (up previously from $59.50) on shares of W.P. Carey in a report on Friday, June 16th. Finally, Evercore ISI cut shares of W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a research note on Monday, June 12th. 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 given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target 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.

Institutional Ownership by Quarter for W.P. Carey (NYSE:WPC)

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