Public Employees Retirement System of Ohio grew its holdings in WP Carey Inc (NYSE:WPC) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,040 shares of the real estate investment trust’s stock after purchasing an additional 273 shares during the period. Public Employees Retirement System of Ohio’s holdings in WP Carey were worth $5,374,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of WPC. Robeco Institutional Asset Management B.V. grew its position in shares of WP Carey by 4.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 77,255 shares of the real estate investment trust’s stock worth $6,271,000 after buying an additional 3,009 shares in the last quarter. Arizona State Retirement System lifted its position in shares of WP Carey by 61.5% during the 2nd quarter. Arizona State Retirement System now owns 59,154 shares of the real estate investment trust’s stock worth $4,802,000 after buying an additional 22,516 shares during the last quarter. Strs Ohio lifted its position in shares of WP Carey by 3.3% during the 2nd quarter. Strs Ohio now owns 243,339 shares of the real estate investment trust’s stock worth $19,754,000 after buying an additional 7,697 shares during the last quarter. Appleton Partners Inc. MA purchased a new stake in shares of WP Carey during the 2nd quarter worth approximately $292,000. Finally, Wetherby Asset Management Inc. boosted its holdings in shares of WP Carey by 17.1% in the 2nd quarter. Wetherby Asset Management Inc. now owns 3,976 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.
A number of research analysts recently commented on WPC shares. BMO Capital Markets assumed coverage on shares of WP Carey in a research report on Friday, October 25th. They issued an “outperform” rating on the stock. Zacks Investment Research raised shares of WP Carey from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Evercore ISI upgraded shares of WP Carey from an “underperform” rating to an “in-line” rating and set a $88.00 price objective for the company in a research note on Monday, November 11th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. WP Carey has an average rating of “Hold” and an average target price of $79.75.
WP Carey (NYSE:WPC) last posted its quarterly earnings data on Friday, November 1st. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.91). The firm had revenue of $318.01 million during the quarter, compared to analyst estimates of $317.44 million. WP Carey had a net margin of 30.89% and a return on equity of 5.31%. WP Carey’s revenue was up 51.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 earnings per share. Equities analysts expect that WP Carey Inc will post 4.86 EPS for the current fiscal year.
WP Carey Company 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.
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