Amalgamated Bank Has $6.70 Million Stock Holdings in W. P. Carey Inc. (NYSE:WPC)

Amalgamated Bank increased its position in W. P. Carey Inc. (NYSE:WPC) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,617 shares of the real estate investment trust’s stock after purchasing an additional 2,370 shares during the quarter. Amalgamated Bank owned approximately 0.06% of W. P. Carey worth $6,695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of W. P. Carey by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 30,971,062 shares of the real estate investment trust’s stock worth $1,748,007,000 after buying an additional 187,022 shares during the period. Cohen & Steers Inc. lifted its stake in shares of W. P. Carey by 91.9% in the 4th quarter. Cohen & Steers Inc. now owns 11,290,841 shares of the real estate investment trust’s stock valued at $731,800,000 after purchasing an additional 5,407,289 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of W. P. Carey by 22.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,240,705 shares of the real estate investment trust’s stock worth $178,401,000 after purchasing an additional 588,636 shares during the period. Dimensional Fund Advisors LP lifted its stake in W. P. Carey by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,152,879 shares of the real estate investment trust’s stock valued at $173,570,000 after buying an additional 204,064 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of W. P. Carey by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,524,490 shares of the real estate investment trust’s stock worth $138,973,000 after buying an additional 7,549 shares during the period. 73.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mark A. Alexander acquired 3,500 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $55.87 per share, for a total transaction of $195,545.00. Following the acquisition, the director now directly owns 38,124 shares of the company’s stock, valued at $2,129,987.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.08% of the company’s stock.

W. P. Carey Stock Down 0.6 %

Shares of W. P. Carey stock opened at $63.12 on Friday. The firm has a market cap of $13.81 billion, a PE ratio of 24.00, a P/E/G ratio of 1.16 and a beta of 0.94. The business’s 50 day simple moving average is $59.33 and its 200 day simple moving average is $57.33. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.93 and a current ratio of 1.93. W. P. Carey Inc. has a 52-week low of $51.36 and a 52-week high of $67.40.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.47). W. P. Carey had a net margin of 34.83% and a return on equity of 6.50%. The business had revenue of $389.70 million during the quarter, compared to analyst estimates of $381.39 million. During the same quarter last year, the business earned $1.36 earnings per share. W. P. Carey’s revenue for the quarter was down 13.9% on a year-over-year basis. On average, analysts predict that W. P. Carey Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a report on Friday, June 21st. UBS Group boosted their price target on shares of W. P. Carey from $57.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, July 18th. Royal Bank of Canada dropped their price objective on W. P. Carey from $63.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. JPMorgan Chase & Co. decreased their target price on W. P. Carey from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, Evercore ISI raised their price target on W. P. Carey from $63.00 to $66.00 and gave the stock an “in-line” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, W. P. Carey currently has a consensus rating of “Hold” and an average price target of $60.30.

About W. P. Carey

W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023.