Hsbc Holdings PLC acquired a new stake in shares of W.P. Carey Inc. (NYSE:WPC – Free Report) in the second quarter, HoldingsChannel reports. The firm acquired 938,424 shares of the real estate investment trust’s stock, valued at approximately $67,142,000.
Several other large investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of W.P. Carey in the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC purchased a new position in W.P. Carey during the 4th quarter valued at approximately $26,000. Osbon Capital Management LLC bought a new stake in W.P. Carey in the 4th quarter worth approximately $29,000. Headlands Technologies LLC bought a new stake in W.P. Carey in the 2nd quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC bought a new stake in W.P. Carey in the 3rd quarter worth approximately $33,000. 73.73% of the stock is owned by institutional investors.
W.P. Carey Price Performance
NYSE:WPC opened at $71.23 on Thursday. The firm has a market capitalization of $16.23 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 3.58 and a beta of 0.75. W.P. Carey Inc. has a 1 year low of $63.08 and a 1 year high of $77.22. The business has a 50 day simple moving average of $72.52 and a 200-day simple moving average of $72.58. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.22 and a quick ratio of 0.22.
W.P. Carey Increases Dividend
Analyst Ratings Changes
A number of research analysts have recently commented on the company. BNP Paribas Exane upgraded W.P. Carey from a “neutral” rating to an “outperform” rating and increased their target price for the company from $73.00 to $88.00 in a research report on Wednesday, July 29th. UBS Group restated a “neutral” rating on shares of W.P. Carey in a research report on Wednesday, July 29th. Citigroup reaffirmed a “market perform” rating on shares of W.P. Carey in a research note on Thursday, June 18th. Scotiabank increased their price objective on shares of W.P. Carey from $76.00 to $77.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. Finally, Wolfe Research raised shares of W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price objective for the company in a research note on Monday, June 8th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, W.P. Carey has a consensus rating of “Hold” and a consensus target price of $79.38.
View Our Latest Stock Report on WPC
About W.P. Carey
W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.
Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.
Featured Stories
- Five stocks we like better than W.P. Carey
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Want to see what other hedge funds are holding WPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.P. Carey Inc. (NYSE:WPC – Free Report).
Receive News & Ratings for W.P. Carey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.P. Carey and related companies with MarketBeat.com's FREE daily email newsletter.
