Truvestments Capital LLC Sells 1,181 Shares of W. P. Carey Inc. (NYSE:WPC)

Truvestments Capital LLC lowered its holdings in W. P. Carey Inc. (NYSE:WPC) by 47.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,311 shares of the real estate investment trust’s stock after selling 1,181 shares during the quarter. Truvestments Capital LLC’s holdings in W. P. Carey were worth $71,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WPC. Assetmark Inc. raised its holdings in shares of W. P. Carey by 3.1% in the 3rd quarter. Assetmark Inc. now owns 10,013 shares of the real estate investment trust’s stock valued at $624,000 after purchasing an additional 304 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of W. P. Carey by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 15,081 shares of the real estate investment trust’s stock valued at $940,000 after purchasing an additional 928 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of W. P. Carey by 5.9% in the 3rd quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 203 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of W. P. Carey in the 3rd quarter valued at about $520,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of W. P. Carey by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 650,609 shares of the real estate investment trust’s stock valued at $40,533,000 after purchasing an additional 8,049 shares in the last quarter. Institutional investors own 73.73% of the company’s stock.

Analyst Ratings Changes

WPC has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of W. P. Carey from $56.00 to $60.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 4th. Royal Bank of Canada lifted their price objective on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. UBS Group cut their price objective on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. BMO Capital Markets raised shares of W. P. Carey from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $60.00 to $67.00 in a research report on Tuesday, February 18th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, W. P. Carey currently has a consensus rating of “Hold” and a consensus price target of $63.75.

W. P. Carey Stock Down 1.6 %

NYSE:WPC opened at $61.97 on Thursday. The company has a market cap of $13.56 billion, a PE ratio of 29.65, a P/E/G ratio of 1.06 and a beta of 0.95. W. P. Carey Inc. has a twelve month low of $52.91 and a twelve month high of $66.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $58.12 and its two-hundred day moving average is $58.25.

W. P. Carey Profile

W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023.