WINTON GROUP Ltd Invests $615,000 in W.P. Carey Inc. $WPC

WINTON GROUP Ltd acquired a new stake in shares of W.P. Carey Inc. (NYSE:WPC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,600 shares of the real estate investment trust’s stock, valued at approximately $615,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in W.P. Carey during the second quarter valued at $2,371,801,000. California State Teachers Retirement System increased its position in W.P. Carey by 6,982.6% in the second quarter. California State Teachers Retirement System now owns 27,759,661 shares of the real estate investment trust’s stock worth $1,984,816,000 after buying an additional 27,367,721 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of W.P. Carey by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,795,604 shares of the real estate investment trust’s stock worth $307,913,000 after buying an additional 110,306 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of W.P. Carey by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,348,132 shares of the real estate investment trust’s stock worth $227,539,000 after buying an additional 155,857 shares during the period. Finally, Norges Bank purchased a new position in shares of W.P. Carey during the 4th quarter valued at about $184,035,000. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WPC. Weiss Ratings upgraded W.P. Carey from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 24th. BMO Capital Markets decreased their target price on shares of W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Thursday, June 18th. Scotiabank raised their target price on shares of W.P. Carey from $76.00 to $77.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. Evercore set a $77.00 price target on shares of W.P. Carey in a report on Thursday, July 30th. Finally, Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a research report on Thursday, June 18th. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.38.

W.P. Carey Price Performance

NYSE:WPC opened at $69.12 on Tuesday. The business’s 50-day simple moving average is $72.04 and its two-hundred day simple moving average is $72.34. W.P. Carey Inc. has a 52 week low of $63.08 and a 52 week high of $77.22. The stock has a market cap of $15.75 billion, a PE ratio of 23.59, a P/E/G ratio of 3.44 and a beta of 0.75. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 1.01.

W.P. Carey Company Profile

W.P. Carey Inc (NYSE: WPC) is a diversified real estate investment trust that owns and manages a portfolio of commercial properties leased to companies under long-term, primarily net lease agreements. Under these arrangements, tenants generally assume responsibility for property taxes, insurance and maintenance, allowing W.P. Carey to generate contractual rental income.

The company invests in and provides sale-leaseback and build-to-suit financing solutions for businesses. Its portfolio has historically included industrial and warehouse facilities, retail properties, office buildings, self-storage facilities and other commercial real estate.