Dupont Capital Management Corp trimmed its holdings in WP Carey Inc (NYSE:WPC) by 66.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,031 shares of the real estate investment trust’s stock after selling 12,101 shares during the period. Dupont Capital Management Corp’s holdings in WP Carey were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WPC. Assetmark Inc. acquired a new stake in shares of WP Carey in the second quarter valued at approximately $117,000. First Hawaiian Bank acquired a new stake in shares of WP Carey in the third quarter valued at approximately $123,000. Kovack Advisors Inc. acquired a new stake in shares of WP Carey in the third quarter valued at approximately $209,000. Gradient Capital Advisors LLC acquired a new stake in shares of WP Carey in the second quarter valued at approximately $213,000. Finally, Carret Asset Management LLC acquired a new stake in shares of WP Carey in the second quarter valued at approximately $217,000. Institutional investors own 32.32% of the company’s stock.

In other news, Director Jean Hoysradt acquired 2,300 shares of the stock in a transaction on Tuesday, November 6th. The stock was acquired at an average cost of $64.73 per share, for a total transaction of $148,879.00. Following the completion of the transaction, the director now directly owns 9,255 shares in the company, valued at $599,076.15. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher Niehaus acquired 3,850 shares of the stock in a transaction on Tuesday, November 13th. The shares were purchased at an average price of $66.08 per share, with a total value of $254,408.00. The disclosure for this purchase can be found here. 1.56% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of WP Carey from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. ValuEngine downgraded shares of WP Carey from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Bank of America lifted their price target on shares of WP Carey from $59.00 to $66.25 and gave the company an “underperform” rating in a research report on Monday, August 13th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $70.08.

Shares of WPC opened at $68.41 on Wednesday. WP Carey Inc has a one year low of $59.23 and a one year high of $72.41. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 12.91 and a beta of 0.55. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.18 and a quick ratio of 0.18.

WP Carey (NYSE:WPC) last announced its quarterly earnings data on Friday, November 2nd. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.40 by $0.08. WP Carey had a net margin of 39.03% and a return on equity of 8.78%. The business had revenue of $209.40 million during the quarter, compared to the consensus estimate of $215.47 million. During the same period in the previous year, the business earned $0.74 earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that WP Carey Inc will post 5.26 earnings per share for the current fiscal year.

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WP Carey 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.

See Also: Cost of Equity For A Business, Investors

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

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