Ffcm LLC Grows Position in W.P. Carey Inc. (NYSE:WPC)

Ffcm LLC grew its position in shares of W.P. Carey Inc. (NYSE:WPC) by 179.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,701 shares of the real estate investment trust’s stock after acquiring an additional 1,092 shares during the quarter. Ffcm LLC’s holdings in W.P. Carey were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of WPC. QCI Asset Management Inc. NY increased its position in shares of W.P. Carey by 148.7% during the second quarter. QCI Asset Management Inc. NY now owns 1,803 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 1,078 shares during the period. WFG Advisors LP increased its position in shares of W.P. Carey by 159.3% during the first quarter. WFG Advisors LP now owns 2,344 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 1,440 shares during the period. D. Scott Neal Inc. increased its position in shares of W.P. Carey by 12.3% during the second quarter. D. Scott Neal Inc. now owns 2,471 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 271 shares during the period. Penserra Capital Management LLC increased its position in shares of W.P. Carey by 64.0% in the first quarter. Penserra Capital Management LLC now owns 2,608 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in shares of W.P. Carey by 105.8% in the first quarter. Chicago Partners Investment Group LLC now owns 2,875 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 1,478 shares during the last quarter. 48.91% of the stock is currently owned by institutional investors.

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W.P. Carey Inc. (WPC) traded down 0.91% during midday trading on Friday, hitting $68.83. The company had a trading volume of 63,978 shares. The stock has a 50 day moving average price of $68.02 and a 200-day moving average price of $65.22. The stock has a market capitalization of $7.36 billion, a PE ratio of 26.50 and a beta of 0.88. W.P. Carey Inc. has a 52 week low of $55.77 and a 52 week high of $70.38.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.56). The business had revenue of $221.52 million during the quarter, compared to analyst estimates of $221.19 million. W.P. Carey had a net margin of 34.97% and a return on equity of 8.10%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 earnings per share. On average, equities analysts predict that W.P. Carey Inc. will post $2.23 EPS for the current year.

Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of W.P. Carey from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a research note on Tuesday, May 23rd. Evercore ISI lowered W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research note on Monday, June 12th. Wells Fargo & Company restated a “market perform” rating and set a $69.00 target price (up previously from $59.50) on shares of W.P. Carey in a report on Friday, June 16th. Finally, ValuEngine downgraded W.P. Carey from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $67.75.

W.P. Carey Company 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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