November 30, 2016 - By Marie Mckinney · 0 Comments
W P Carey Inc (NYSE:WPC) institutional sentiment decreased to 1.17 in Q2 2016. Its down -0.22, from 1.39 in 2016Q1. The ratio turned negative, as 151 active investment managers increased or opened new holdings, while 109 sold and reduced positions in W P Carey Inc. The active investment managers in our partner’s database now hold: 48.33 million shares, up from 47.16 million shares in 2016Q1. Also, the number of active investment managers holding W P Carey Inc in their top 10 holdings increased from 3 to 4 for an increase of 1. Sold All: 22 Reduced: 87 Increased: 111 New Position: 40.
The stock increased 0.39% or $0.23 during the last trading session, hitting $59.44. W.P. Carey Inc. REIT (NYSE:WPC) has declined 3.73% since April 27, 2016 and is downtrending. It has underperformed by 8.95% the S&P500.
Analysts await W.P. Carey Inc. REIT (NYSE:WPC) to report earnings on February, 23. They expect $1.16 earnings per share, down 8.66% or $0.11 from last year’s $1.27 per share. WPC’s profit will be $122.75M for 12.81 P/E if the $1.16 EPS becomes a reality. After $1.34 actual earnings per share reported by W.P. Carey Inc. REIT for the previous quarter, Wall Street now forecasts -13.43% negative EPS growth.
According to Zacks Investment Research, “W. P. Carey Inc. is a real estate investment trust engaged in providing long-term sale-leaseback and build-to-suit financing for companies. The firm primarily invests in commercial properties that are generally triple-net leased to single corporate tenants including office, warehouse, industrial, logistics, retail, hotel, R&D, and self-storage properties. W. P. Carey Inc., formerly known as W. P. Carey & Co. LLC, is based in New York.”
Gruss & Co Inc holds 8.16% of its portfolio in W.P. Carey Inc. REIT for 97,377 shares. Rock Point Advisors Llc owns 120,735 shares or 4.49% of their US portfolio. Moreover, Welch Capital Partners Llc Ny has 3.24% invested in the company for 129,712 shares. The California-based Pring Turner Capital Group Inc has invested 3% in the stock. Rench Wealth Management Inc., a Texas-based fund reported 52,581 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 insider buys, and 1 insider sale for $262,691 net activity.
Ratings analysis reveals 20% of WP Carey & Co LLC’s analysts are positive. Out of 5 Wall Street analysts rating WP Carey & Co LLC, 1 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $63 while the high is $67. The stock’s average target of $64.67 is 8.80% above today’s ($59.44) share price. WPC was included in 7 notes of analysts from August 5, 2015. On Wednesday, August 26 the stock rating was upgraded by Zacks to “Hold”. On Friday, December 11 the stock rating was downgraded by Citigroup to “Sell”. BMO Capital Markets downgraded the shares of WPC in a report on Wednesday, August 5 to “Market Perform” rating. The company was downgraded on Thursday, February 11 by Ladenburg Thalmann. The stock of W.P. Carey Inc. REIT (NYSE:WPC) earned “Equal Weight” rating by Capital One on Thursday, February 11.
W.P. Carey Inc. (W.P. Carey), incorporated on February 15, 2012, is a self-managed diversified real estate investment trust (REIT). The Firm is an owner and manager of commercial real estate, primarily net leased to companies on a long-term basis. It operates through two divisions: Real Estate Ownership and Investment Management. The Firm owns and manages a diversified global investment portfolio of approximately 1,340 properties, including over 870 net-leased properties and three operating properties within its owned real estate portfolio. The Company’s portfolio consists of interest in over two hotels and one self-storage property. The Firm also acts as an advisor to a series of income-oriented non-traded real estate investment trusts, through its investment management business.
More notable recent W.P. Carey Inc. REIT (NYSE:WPC) news were published by: Seekingalpha.com which released: “REIT Focus: W.P. Carey, Inc.” on June 15, 2016, also Fool.com with their article: “3 Reasons Why High-Yielding REIT WP Carey Inc Is a Buy” published on July 07, 2014, Seekingalpha.com published: “W.P. Carey REIT: Big Dividend, Big Risks” on October 09, 2016. More interesting news about W.P. Carey Inc. REIT (NYSE:WPC) were released by: Investmentnews.com and their article: “Nontraded REIT heavyweight WP Carey retreats from net-lease real estate” published on June 18, 2014 as well as Prnewswire.com‘s news article titled: “W. P. Carey Inc. Announces Election of Peter J. Farrell to Board of Directors” with publication date: June 22, 2016.
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By Marie Mckinney