W.P. Carey Inc. (WPC) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in W.P. Carey Inc. (NYSE:WPC) by 19.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,834 shares of the real estate investment trust’s stock after buying an additional 632 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in W.P. Carey were worth $253,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of W.P. Carey by 17.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 349,785 shares of the real estate investment trust’s stock valued at $21,764,000 after buying an additional 50,736 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of W.P. Carey by 6.8% in the first quarter. JPMorgan Chase & Co. now owns 305,597 shares of the real estate investment trust’s stock valued at $19,015,000 after buying an additional 19,456 shares during the period. First Trust Advisors LP boosted its holdings in shares of W.P. Carey by 14.7% in the second quarter. First Trust Advisors LP now owns 78,294 shares of the real estate investment trust’s stock valued at $5,168,000 after buying an additional 10,030 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of W.P. Carey by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 755,971 shares of the real estate investment trust’s stock valued at $49,902,000 after buying an additional 22,204 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of W.P. Carey by 12.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 70,918 shares of the real estate investment trust’s stock valued at $4,681,000 after buying an additional 8,036 shares during the period. Institutional investors own 48.76% of the company’s stock.

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W.P. Carey Inc. (WPC) opened at 69.70 on Tuesday. The company’s 50-day moving average is $68.10 and its 200 day moving average is $65.35. The firm has a market cap of $7.45 billion, a PE ratio of 26.84 and a beta of 0.88. W.P. Carey Inc. has a one year low of $55.77 and a one year high of $70.38.

W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.56). The company had revenue of $221.52 million during the quarter, compared to the consensus estimate of $221.19 million. W.P. Carey had a net margin of 34.97% and a return on equity of 8.10%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 EPS. Equities analysts anticipate that W.P. Carey Inc. will post $2.23 earnings per share for the current year.

WPC has been the subject of several research analyst reports. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey in a report on Friday, September 1st. ValuEngine cut shares of W.P. Carey from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Wells Fargo & Company reiterated a “market perform” rating and issued a $69.00 price target (up previously from $59.50) on shares of W.P. Carey in a report on Friday, June 16th. Evercore ISI cut shares of W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 price target for the company. in a report on Monday, June 12th. Finally, BidaskClub upgraded shares of W.P. Carey from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. W.P. Carey has an average rating of “Hold” and an average target price of $67.75.

W.P. Carey Profile

W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by the Company under the Corporate Property Associates brand name (the CPA REITs) and invests in similar properties.

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

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