Capital Investment Advisory Services LLC boosted its position in WP Carey Inc (NYSE:WPC) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,115 shares of the real estate investment trust’s stock after purchasing an additional 362 shares during the period. Capital Investment Advisory Services LLC’s holdings in WP Carey were worth $334,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in shares of WP Carey by 8.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 12,314 shares of the real estate investment trust’s stock worth $817,000 after acquiring an additional 915 shares during the period. Atria Investments LLC acquired a new stake in shares of WP Carey in the 3rd quarter worth $248,000. Bank of Montreal Can lifted its stake in shares of WP Carey by 7.1% in the 3rd quarter. Bank of Montreal Can now owns 46,864 shares of the real estate investment trust’s stock worth $3,014,000 after acquiring an additional 3,104 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of WP Carey by 25.5% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,415 shares of the real estate investment trust’s stock worth $348,000 after acquiring an additional 1,100 shares during the period. Finally, First Manhattan Co. lifted its stake in shares of WP Carey by 9.0% in the 3rd quarter. First Manhattan Co. now owns 12,150 shares of the real estate investment trust’s stock worth $781,000 after acquiring an additional 1,000 shares during the period. 32.88% of the stock is owned by institutional investors and hedge funds.
Shares of WPC opened at $75.49 on Monday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $12.16 billion, a PE ratio of 14.24 and a beta of 0.64. WP Carey Inc has a 52-week low of $59.23 and a 52-week high of $75.66.
In related news, Director Christopher Niehaus purchased 3,850 shares of the business’s stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average price of $66.08 per share, for a total transaction of $254,408.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.56% of the company’s stock.
WPC has been the subject of a number of research analyst reports. ValuEngine upgraded shares of WP Carey from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Zacks Investment Research downgraded shares of WP Carey from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Finally, JPMorgan Chase & Co. initiated coverage on shares of WP Carey in a report on Wednesday, December 19th. They issued a “neutral” rating and a $73.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $70.81.
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WP Carey Company Profile
Celebrating its 45th anniversary, W. P. Carey ranks among the largest diversified net lease REITs with an enterprise value of approximately $17 billion and a portfolio of operationally-critical commercial real estate that includes 1,186 net lease properties covering approximately 133 million square feet.
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