Schwab Charles Investment Management Inc. boosted its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 14.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 399,391 shares of the real estate investment trust’s stock after purchasing an additional 49,606 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.37% of W.P. Carey worth $26,364,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. DF Dent & Co. Inc. raised its stake in W.P. Carey by 0.4% during the 1st quarter. DF Dent & Co. Inc. now owns 5,758 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 22 shares during the last quarter. FineMark National Bank & Trust raised its stake in W.P. Carey by 0.6% during the 2nd quarter. FineMark National Bank & Trust now owns 14,808 shares of the real estate investment trust’s stock valued at $977,000 after purchasing an additional 83 shares during the last quarter. Morse Asset Management Inc raised its stake in W.P. Carey by 1.6% during the 2nd quarter. Morse Asset Management Inc now owns 6,500 shares of the real estate investment trust’s stock valued at $429,000 after purchasing an additional 100 shares during the last quarter. First Manhattan Co. raised its stake in W.P. Carey by 0.8% during the 2nd quarter. First Manhattan Co. now owns 14,515 shares of the real estate investment trust’s stock valued at $958,000 after purchasing an additional 115 shares during the last quarter. Finally, World Asset Management Inc raised its stake in W.P. Carey by 2.6% during the 1st quarter. World Asset Management Inc now owns 5,123 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 48.91% of the company’s stock.

Shares of W.P. Carey Inc. (WPC) opened at 69.66 on Friday. The firm has a 50-day moving average of $68.05 and a 200 day moving average of $65.26. W.P. Carey Inc. has a one year low of $55.77 and a one year high of $70.38. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 26.82 and a beta of 0.88.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.56). W.P. Carey had a net margin of 34.97% and a return on equity of 8.10%. The business had revenue of $221.52 million for the quarter, compared to analyst estimates of $221.19 million. During the same period in the prior year, the business earned $1.24 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that W.P. Carey Inc. will post $2.23 EPS for the current year.

Several equities analysts recently commented on the stock. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey in a research note on Friday, September 1st. BidaskClub upgraded shares of W.P. Carey from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Wells Fargo & Company reiterated a “market perform” rating and set a $69.00 target price (up from $59.50) on shares of W.P. Carey in a research note on Friday, June 16th. Evercore ISI cut shares of W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 target price for the company. in a research note on Monday, June 12th. Finally, ValuEngine cut shares of W.P. Carey from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. W.P. Carey has a consensus rating of “Hold” and an average price target of $67.75.

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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.

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

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