W. P. Carey Inc. (NYSE:WPC) Stock Holdings Increased by Lucia Wealth Services LLC

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Lucia Wealth Services LLC lifted its stake in W. P. Carey Inc. (NYSE:WPC) by 38.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,722 shares of the real estate investment trust’s stock after purchasing an additional 480 shares during the quarter. Lucia Wealth Services LLC’s holdings in W. P. Carey were worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Symphony Financial Ltd. Co. increased its stake in shares of W. P. Carey by 3.9% in the third quarter. Symphony Financial Ltd. Co. now owns 4,057 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 153 shares in the last quarter. Comerica Bank raised its position in shares of W. P. Carey by 1.2% during the 2nd quarter. Comerica Bank now owns 13,606 shares of the real estate investment trust’s stock worth $929,000 after purchasing an additional 155 shares during the last quarter. Signaturefd LLC raised its position in shares of W. P. Carey by 15.5% during the 3rd quarter. Signaturefd LLC now owns 1,156 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 155 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in shares of W. P. Carey by 14.5% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 1,374 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 174 shares during the last quarter. Finally, Focused Wealth Management Inc raised its position in shares of W. P. Carey by 10.5% during the 3rd quarter. Focused Wealth Management Inc now owns 1,940 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 184 shares during the last quarter. 62.16% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE WPC traded down $1.60 during trading on Tuesday, reaching $70.15. 2,268 shares of the stock were exchanged, compared to its average volume of 941,834. The business’s 50-day moving average price is $66.35 and its 200 day moving average price is $66.83. W. P. Carey Inc. has a twelve month low of $38.62 and a twelve month high of $88.99. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of 36.24 and a beta of 0.72.

W. P. Carey (NYSE:WPC) last posted its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.27). W. P. Carey had a return on equity of 4.98% and a net margin of 28.17%. The firm had revenue of $302.42 million for the quarter, compared to analyst estimates of $296.90 million. During the same period in the previous year, the firm posted $1.09 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. As a group, sell-side analysts expect that W. P. Carey Inc. will post 4.58 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of W. P. Carey from a “sell” rating to a “hold” rating in a research report on Thursday, August 20th. BMO Capital Markets restated a “buy” rating on shares of W. P. Carey in a research report on Friday, July 31st. Finally, TheStreet upgraded shares of W. P. Carey from a “c+” rating to a “b” rating in a research report on Tuesday, September 22nd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. W. P. Carey presently has a consensus rating of “Buy” and a consensus price target of $69.67.

W. P. Carey Profile

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,216 net lease properties covering approximately 142 million square feet as of June 30, 2020. For over four decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators.

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Institutional Ownership by Quarter for W. P. Carey (NYSE:WPC)

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