The stock of W.P. Carey Inc. REIT (NYSE:WPC) is a huge mover today! The stock decreased 2.28% or $1.44 on October 5, hitting $61.72. W.P. Carey Inc. REIT (NYSE:WPC) has risen 8.75% since March 2, 2016 and is uptrending. It has outperformed by 0.49% the S&P500.
The move comes after 7 months negative chart setup for the $7.09 billion company. It was reported on Oct, 6 by Barchart.com. We have $58.63 PT which if reached, will make NYSE:WPC worth $354.50M less.
Analysts await W.P. Carey Inc. REIT (NYSE:WPC) to report earnings on November, 1. They expect $1.17 earnings per share, down 1.68% or $0.02 from last year’s $1.19 per share. WPC’s profit will be $134.40 million for 13.19 P/E if the $1.17 EPS becomes a reality. After $1.24 actual earnings per share reported by W.P. Carey Inc. REIT for the previous quarter, Wall Street now forecasts -5.65% negative EPS growth.
W.P. Carey Inc. REIT (NYSE:WPC) Ratings Coverage
Out of 5 analysts covering WP Carey & Co LLC (NYSE:WPC), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. WP Carey & Co LLC has been the topic of 7 analyst reports since August 5, 2015 according to StockzIntelligence Inc. BMO Capital Markets downgraded the stock to “Market Perform” rating in Wednesday, August 5 report. The firm earned “Hold” rating on Wednesday, August 26 by Zacks. The stock of W.P. Carey Inc. REIT (NYSE:WPC) has “Sell” rating given on Friday, December 11 by Citigroup. On Thursday, February 11 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”. The stock of W.P. Carey Inc. REIT (NYSE:WPC) has “Equal Weight” rating given on Thursday, February 11 by Capital One.
According to Zacks Investment Research, “W. P. Carey Inc. is a real estate investment trust engaged in providing long-term sale-leaseback and build-to-suit financing for companies. The firm primarily invests in commercial properties that are generally triple-net leased to single corporate tenants including office, warehouse, industrial, logistics, retail, hotel, R&D, and self-storage properties. W. P. Carey Inc., formerly known as W. P. Carey & Co. LLC, is based in New York.”
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.08, from 1.31 in 2016Q1. The ratio increased, as 22 funds sold all W.P. Carey Inc. REIT shares owned while 87 reduced positions. 40 funds bought stakes while 111 increased positions. They now own 48.33 million shares or 2.47% more from 47.16 million shares in 2016Q1.
Robeco Institutional Asset Management Bv last reported 0.01% of its portfolio in the stock. Finance has 1,500 shares for 0.06% of their US portfolio. Royal National Bank Of Canada has 681,804 shares for 0.03% of their US portfolio. Wells Fargo & Mn last reported 0.01% of its portfolio in the stock. Cubist Systematic Strategies Lc, a Connecticut-based fund reported 4,133 shares. Susquehanna Grp Ltd Liability Partnership has 0% invested in the company for 2,957 shares. Argentus Mngmt Ltd Liability Corporation has invested 0.24% of its portfolio in W.P. Carey Inc. REIT (NYSE:WPC). Us National Bank De holds 23,124 shares or 0.01% of its portfolio. Aperio Gru Llc owns 8,587 shares or 0% of their US portfolio. Df Dent And Incorporated accumulated 0.01% or 5,696 shares. Signaturefd Ltd Company, a Georgia-based fund reported 200 shares. Karpas Strategies Llc owns 81,050 shares or 2.81% of their US portfolio. Huntington Fincl Bank, a Ohio-based fund reported 1,051 shares. Omers Administration accumulated 0.01% or 9,600 shares. Dimensional Fund Advisors Limited Partnership holds 1.28M shares or 0.05% of its portfolio.
Insider Transactions: Since May 9, 2016, the stock had 1 insider purchase, and 1 sale for $39,703 net activity. $63,080 worth of W.P. Carey Inc. REIT (NYSE:WPC) shares were bought by VanDeWeghe Mary M. $23,377 worth of W.P. Carey Inc. REIT (NYSE:WPC) was sold by COOLIDGE NATHANIEL S on Friday, August 26.
More notable recent W.P. Carey Inc. REIT (NYSE:WPC) news were published by: Moodys.com which released: “Moody’s affirms W. P. Carey’s ratings with a stable outlook” on October 05, 2016, also Seekingalpha.com with their article: “REIT Focus: W.P. Carey, Inc.” published on June 15, 2016, Fool.com published: “3 Reasons Why High-Yielding REIT WP Carey Inc Is a Buy” on July 07, 2014. More interesting news about W.P. Carey Inc. REIT (NYSE:WPC) were released by: Prnewswire.com and their article: “W. P. Carey Inc. Announces Election of Peter J. Farrell to Board of Directors” published on June 22, 2016 as well as Seekingalpha.com‘s news article titled: “Net-Lease REIT W.P. Carey: Full Speed Ahead With A 6% Yield” with publication date: May 10, 2016.
WPC Company Profile
W.P. Carey Inc. (W.P. Carey), incorporated on February 15, 2012, is a self-managed diversified real estate investment trust (REIT). The Firm is an owner and manager of commercial real estate, primarily net leased to companies on a long-term basis. It operates through two divisions: Real Estate Ownership and Investment Management. The Firm owns and manages a diversified global investment portfolio of approximately 1,340 properties, including over 870 net-leased properties and three operating properties within its owned real estate portfolio. The Company’s portfolio consists of interest in over two hotels and one self-storage property. The Firm also acts as an advisor to a series of income-oriented non-traded real estate investment trusts, through its investment management business.
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