W. P. Carey Inc. (NYSE:WPC) Shares Sold by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC reduced its position in W. P. Carey Inc. (NYSE:WPC) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,849 shares of the real estate investment trust’s stock after selling 301 shares during the quarter. WCG Wealth Advisors LLC’s holdings in W. P. Carey were worth $1,148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WPC. Hsbc Holdings PLC increased its holdings in W. P. Carey by 185.7% during the 2nd quarter. Hsbc Holdings PLC now owns 684,355 shares of the real estate investment trust’s stock worth $37,631,000 after purchasing an additional 444,785 shares during the period. Elo Mutual Pension Insurance Co grew its position in shares of W. P. Carey by 8.5% during the second quarter. Elo Mutual Pension Insurance Co now owns 21,681 shares of the real estate investment trust’s stock worth $1,194,000 after buying an additional 1,701 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of W. P. Carey by 23.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,911 shares of the real estate investment trust’s stock worth $1,647,000 after buying an additional 5,755 shares during the period. Amalgamated Bank raised its holdings in W. P. Carey by 2.0% in the second quarter. Amalgamated Bank now owns 121,617 shares of the real estate investment trust’s stock valued at $6,695,000 after acquiring an additional 2,370 shares in the last quarter. Finally, Tredje AP fonden purchased a new position in W. P. Carey in the second quarter worth approximately $1,870,000. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at W. P. Carey

In related news, Director Mark A. Alexander bought 3,500 shares of the stock in a transaction on Friday, August 9th. The shares were bought at an average cost of $55.87 per share, for a total transaction of $195,545.00. Following the purchase, the director now owns 38,124 shares of the company’s stock, valued at approximately $2,129,987.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.08% of the stock is owned by company insiders.

W. P. Carey Stock Performance

Shares of WPC opened at $63.12 on Friday. The company’s 50 day simple moving average is $59.33 and its 200-day simple moving average is $57.33. The firm has a market cap of $13.81 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. W. P. Carey Inc. has a 12-month low of $51.36 and a 12-month high of $67.40. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.94.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.65 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 in the prior year, the firm posted $1.36 earnings per share. The company’s revenue for the quarter was down 13.9% compared to the same quarter last year. As a group, equities analysts predict that W. P. Carey Inc. will post 4.52 EPS for the current year.

Wall Street Analyst Weigh In

WPC has been the topic of a number of analyst reports. Scotiabank reduced their price objective on shares of W. P. Carey from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. decreased their price target on W. P. Carey from $70.00 to $68.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Evercore ISI increased their price objective on W. P. Carey from $63.00 to $66.00 and gave the company an “in-line” rating in a report on Monday. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research note on Friday, June 21st. Finally, Royal Bank of Canada dropped their price target on shares of 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.30.

W. P. Carey Company Profile

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.