UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in W.P. Carey Inc. (NYSE:WPC – Free Report) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,270,499 shares of the real estate investment trust’s stock after purchasing an additional 65,284 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in W.P. Carey were worth $162,341,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in WPC. Invesco Ltd. increased its stake in shares of W.P. Carey by 1.6% in the second quarter. Invesco Ltd. now owns 753,196 shares of the real estate investment trust’s stock worth $46,984,000 after buying an additional 11,635 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in W.P. Carey during the 2nd quarter valued at $115,000. Bank of Nova Scotia boosted its stake in W.P. Carey by 7.3% during the 2nd quarter. Bank of Nova Scotia now owns 8,164 shares of the real estate investment trust’s stock valued at $509,000 after acquiring an additional 555 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in W.P. Carey during the 2nd quarter worth $3,494,000. Finally, Sei Investments Co. grew its holdings in W.P. Carey by 73.0% during the 2nd quarter. Sei Investments Co. now owns 96,983 shares of the real estate investment trust’s stock worth $6,050,000 after acquiring an additional 40,908 shares in the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.
W.P. Carey Stock Up 0.2%
Shares of NYSE:WPC opened at $70.07 on Wednesday. The stock has a market capitalization of $15.96 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 3.49 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 company’s fifty day moving average is $72.41 and its two-hundred day moving average is $72.53. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.22 and a current ratio of 0.22.
W.P. Carey Increases Dividend
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Evercore set a $77.00 target price on shares of W.P. Carey in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their price target on W.P. Carey from $73.00 to $77.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. BNP Paribas Exane raised W.P. Carey from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $73.00 to $88.00 in a report on Wednesday, July 29th. UBS Group restated a “neutral” rating on shares of W.P. Carey in a research note on Wednesday, July 29th. Finally, Bank of America raised W.P. Carey from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $73.00 to $83.00 in a report on Tuesday, June 16th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, W.P. Carey currently has an average rating of “Hold” and a consensus price target of $79.38.
W.P. Carey Company Profile
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.
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