Virginia Retirement Systems ET AL trimmed its holdings in shares of W.P. Carey Inc. (NYSE:WPC) by 24.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,600 shares of the real estate investment trust’s stock after selling 32,800 shares during the period. Virginia Retirement Systems ET AL owned about 0.10% of W.P. Carey worth $6,847,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Legal & General Group Plc boosted its position in W.P. Carey by 9.8% during the third quarter. Legal & General Group Plc now owns 333,804 shares of the real estate investment trust’s stock valued at $22,495,000 after buying an additional 29,872 shares during the period. Van Hulzen Asset Management LLC purchased a new stake in W.P. Carey during the third quarter valued at about $346,000. Oppenheimer & Co. Inc. boosted its position in W.P. Carey by 32.0% during the third quarter. Oppenheimer & Co. Inc. now owns 4,151 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 1,006 shares during the period. Park Avenue Securities LLC purchased a new stake in W.P. Carey during the third quarter valued at about $201,000. Finally, Horan Capital Advisors LLC. boosted its position in W.P. Carey by 61.6% during the third quarter. Horan Capital Advisors LLC. now owns 39,737 shares of the real estate investment trust’s stock valued at $2,678,000 after buying an additional 15,152 shares during the period. Institutional investors and hedge funds own 48.76% of the company’s stock.

Several analysts have issued reports on the stock. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of W.P. Carey in a research report on Friday, November 10th. Zacks Investment Research lowered shares of W.P. Carey from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Robert W. Baird assumed coverage on shares of W.P. Carey in a research report on Wednesday, October 18th. They set an “outperform” rating and a $77.00 price target for the company. ValuEngine upgraded shares of W.P. Carey from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BidaskClub raised shares of W.P. Carey from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $70.00.

Shares of W.P. Carey Inc. (WPC) traded down $0.46 during trading hours on Thursday, hitting $71.10. 222,000 shares of the stock traded hands, compared to its average volume of 311,153. The company has a market capitalization of $7,650.44, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 3.98 and a beta of 0.95. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.19. W.P. Carey Inc. has a 52-week low of $55.97 and a 52-week high of $72.41.

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

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W.P. Carey 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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