RPg Family Wealth Advisory LLC Sells 1,012 Shares of WP Carey Inc (NYSE:WPC)

RPg Family Wealth Advisory LLC reduced its stake in WP Carey Inc (NYSE:WPC) by 2.4% in the 1st quarter, HoldingsChannel reports. The firm owned 41,865 shares of the real estate investment trust’s stock after selling 1,012 shares during the quarter. WP Carey accounts for approximately 1.9% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 16th biggest position. RPg Family Wealth Advisory LLC’s holdings in WP Carey were worth $3,279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Andra AP fonden purchased a new position in WP Carey in the 1st quarter valued at about $5,945,000. KC Investment Advisors LLC raised its stake in WP Carey by 2.7% during the first quarter. KC Investment Advisors LLC now owns 5,355 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 140 shares during the period. Alphasimplex Group LLC acquired a new stake in WP Carey during the first quarter worth about $510,000. Jaffetilchin Investment Partners LLC acquired a new stake in shares of WP Carey in the first quarter valued at approximately $239,000. Finally, Neuberger Berman Group LLC increased its stake in shares of WP Carey by 14.7% in the first quarter. Neuberger Berman Group LLC now owns 21,906 shares of the real estate investment trust’s stock valued at $1,716,000 after purchasing an additional 2,809 shares during the period. Hedge funds and other institutional investors own 54.02% of the company’s stock.

NYSE:WPC traded up $0.20 during trading hours on Wednesday, reaching $85.09. 7,416 shares of the company’s stock were exchanged, compared to its average volume of 899,574. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 4.31 and a beta of 0.51. WP Carey Inc has a 12 month low of $62.12 and a 12 month high of $85.68. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.43 and a current ratio of 0.43.



WP Carey (NYSE:WPC) last issued its earnings results on Friday, May 3rd. The real estate investment trust reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.01. The firm had revenue of $298.30 million during the quarter, compared to analysts’ expectations of $304.42 million. WP Carey had a net margin of 44.84% and a return on equity of 8.12%. The firm’s revenue for the quarter was up 47.8% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. On average, sell-side analysts expect that WP Carey Inc will post 4.93 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Citigroup upgraded shares of WP Carey from a “sell” rating to a “neutral” rating and raised their price target for the company from $59.00 to $81.00 in a research note on Friday, June 7th. Zacks Investment Research upgraded shares of WP Carey from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. Mitsubishi UFJ Financial Group lowered their price objective on shares of WP Carey to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Evercore ISI lowered shares of WP Carey from an “in-line” rating to an “underperform” rating in a research note on Monday, April 1st. They noted that the move was a valuation call. Finally, Capital One Financial reiterated an “equal weight” rating on shares of WP Carey in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. WP Carey presently has an average rating of “Hold” and an average price target of $73.54.

COPYRIGHT VIOLATION NOTICE: “RPg Family Wealth Advisory LLC Sells 1,012 Shares of WP Carey Inc (NYSE:WPC)” was first posted by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://dakotafinancialnews.com/2019/06/12/rpg-family-wealth-advisory-llc-sells-1012-shares-of-wp-carey-inc-nysewpc.html.

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.

See Also: Momentum Investing

Want to see what other hedge funds are holding WPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WP Carey Inc (NYSE:WPC).

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

Receive News & Ratings for WP Carey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WP Carey and related companies with MarketBeat.com's FREE daily email newsletter.