W.P. Carey Inc. REIT (WPC) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in shares of W.P. Carey Inc. REIT (NYSE:WPC) by 31.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,232 shares of the real estate investment trust’s stock after selling 26,820 shares during the quarter. Private Advisor Group LLC owned 0.05% of W.P. Carey Inc. REIT worth $3,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. New England Private Wealth Advisors LLC raised its stake in W.P. Carey Inc. REIT by 0.4% during the second quarter. New England Private Wealth Advisors LLC now owns 4,264 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 17 shares in the last quarter. DF Dent & Co. Inc. raised its stake in W.P. Carey Inc. REIT by 0.4% during the second quarter. DF Dent & Co. Inc. now owns 5,779 shares of the real estate investment trust’s stock worth $381,000 after acquiring an additional 21 shares in the last quarter. Advisory Services Network LLC raised its stake in W.P. Carey Inc. REIT by 0.5% during the second quarter. Advisory Services Network LLC now owns 11,349 shares of the real estate investment trust’s stock worth $749,000 after acquiring an additional 52 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in W.P. Carey Inc. REIT by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,052 shares of the real estate investment trust’s stock worth $333,000 after acquiring an additional 87 shares in the last quarter. Finally, Morse Asset Management Inc raised its stake in W.P. Carey Inc. REIT by 1.6% during the second quarter. Morse Asset Management Inc now owns 6,500 shares of the real estate investment trust’s stock worth $429,000 after acquiring an additional 100 shares in the last quarter. 48.76% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Inc. REIT (NYSE:WPC) traded down $0.15 during trading on Tuesday, hitting $71.01. The stock had a trading volume of 368,900 shares, compared to its average volume of 312,036. W.P. Carey Inc. REIT has a one year low of $56.87 and a one year high of $72.41. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $7,607.68, a P/E ratio of 13.63, a P/E/G ratio of 3.96 and a beta of 0.94.

W.P. Carey Inc. REIT (NYSE:WPC) last released its quarterly earnings data on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.21. W.P. Carey Inc. REIT had a return on equity of 7.25% and a net margin of 31.28%. The company had revenue of $210.00 million during the quarter, compared to the consensus estimate of $212.72 million. During the same quarter in the prior year, the firm posted $1.34 earnings per share. The firm’s revenue was down 6.7% compared to the same quarter last year. equities research analysts predict that W.P. Carey Inc. REIT will post 4.49 EPS for the current fiscal year.

Several brokerages have commented on WPC. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of W.P. Carey Inc. REIT in a research note on Friday, September 1st. Zacks Investment Research downgraded W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Robert W. Baird began coverage on W.P. Carey Inc. REIT in a research note on Wednesday, October 18th. They set an “outperform” rating and a $77.00 target price for the company. BidaskClub downgraded W.P. Carey Inc. REIT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, ValuEngine raised W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. W.P. Carey Inc. REIT presently has a consensus rating of “Hold” and a consensus price target of $70.00.

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About W.P. Carey Inc. REIT

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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