BNP Paribas Arbitrage SA Lowers Position in WP Carey Inc (NYSE:WPC)

BNP Paribas Arbitrage SA cut its holdings in shares of WP Carey Inc (NYSE:WPC) by 39.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,792 shares of the real estate investment trust’s stock after selling 29,054 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in WP Carey were worth $3,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Centaurus Financial Inc. grew its holdings in shares of WP Carey by 65.4% during the 1st quarter. Centaurus Financial Inc. now owns 2,051 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 811 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of WP Carey by 43.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 26,630 shares of the real estate investment trust’s stock worth $2,086,000 after purchasing an additional 8,030 shares during the period. Eldridge Investment Advisors Inc. grew its holdings in shares of WP Carey by 3.2% during the 2nd quarter. Eldridge Investment Advisors Inc. now owns 12,725 shares of the real estate investment trust’s stock worth $1,033,000 after purchasing an additional 400 shares during the period. Hanson McClain Inc. grew its holdings in shares of WP Carey by 9.7% during the 1st quarter. Hanson McClain Inc. now owns 3,136 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 277 shares during the period. Finally, Private Vista LLC grew its holdings in shares of WP Carey by 7.6% during the 1st quarter. Private Vista LLC now owns 15,408 shares of the real estate investment trust’s stock worth $1,207,000 after purchasing an additional 1,084 shares during the period. Institutional investors and hedge funds own 54.04% of the company’s stock.

WPC stock opened at $87.93 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $14.98 billion, a P/E ratio of 16.31, a P/E/G ratio of 6.60 and a beta of 0.48. The business’s 50-day moving average is $84.52 and its two-hundred day moving average is $80.26. WP Carey Inc has a 1 year low of $62.12 and a 1 year high of $88.50.

WP Carey (NYSE:WPC) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.85). The company had revenue of $305.21 million during the quarter, compared to analyst estimates of $303.23 million. WP Carey had a net margin of 38.36% and a return on equity of 6.72%. During the same period in the prior year, the business earned $0.60 EPS. On average, analysts expect that WP Carey Inc will post 4.91 EPS for the current year.

A number of equities analysts have recently weighed in on the company. Mitsubishi UFJ Financial Group lowered their price target on WP Carey to $77.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. ValuEngine lowered WP Carey from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research lowered WP Carey from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, Citigroup raised WP Carey from a “sell” rating to a “neutral” rating and increased their target price for the stock from $59.00 to $81.00 in a research note on Friday, June 7th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $76.50.

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

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