Today’s Market Runner: W P Carey Inc (NYSE:WPC) Stock Sentiment Increases

November 30, 2016 - By Ruchi Gupta   ·   0 Comments

Today's Market Runner: W P Carey Inc (NYSE:WPC) Stock Sentiment  Increases

Sentiment for W P Carey Inc (NYSE:WPC)

W P Carey Inc (NYSE:WPC) institutional sentiment decreased to 1.17 in 2016 Q2. Its down -0.22, from 1.39 in 2016Q1. The ratio worsened, as 151 active investment managers opened new and increased holdings, while 109 sold and decreased their stakes in W P Carey Inc. The active investment managers in our partner’s database now have: 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 EPS, 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 EPS 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 buys, and 1 sale for $262,691 net activity.

W.P. Carey Inc. REIT (NYSE:WPC) Ratings Coverage

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. The firm earned “Neutral” rating on Thursday, February 11 by Ladenburg Thalmann. Zacks upgraded it to “Hold” rating and $63 target price in Wednesday, August 26 report. As per Thursday, February 11, the company rating was downgraded by Capital One. The stock of W.P. Carey Inc. REIT (NYSE:WPC) has “Sell” rating given on Friday, December 11 by Citigroup. The rating was downgraded by BMO Capital Markets on Wednesday, August 5 to “Market Perform”.

WPC Company Profile

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 Ruchi Gupta

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