Capital One Financial reaffirmed their equal weight rating on shares of W.P. Carey Inc. REIT (NYSE:WPC) in a research note published on Sunday morning. Capital One Financial also issued estimates for W.P. Carey Inc. REIT’s FY2019 earnings at $4.93 EPS.
A number of other research analysts have also issued reports on WPC. ValuEngine lowered W.P. Carey Inc. REIT from a buy rating to a hold rating in a research report on Tuesday, February 20th. Evercore ISI lowered W.P. Carey Inc. REIT from an in-line rating to an underperform rating in a research report on Monday, December 11th. Finally, Ladenburg Thalmann Financial Services reiterated a hold rating on shares of W.P. Carey Inc. REIT in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $70.00.
Shares of W.P. Carey Inc. REIT (NYSE WPC) opened at $61.03 on Friday. The company has a market cap of $6,490.00, a P/E ratio of 23.84, a PEG ratio of 3.30 and a beta of 0.81. W.P. Carey Inc. REIT has a one year low of $59.23 and a one year high of $72.41. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.35 and a current ratio of 0.35.
Several large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of W.P. Carey Inc. REIT by 11.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 85,181 shares of the real estate investment trust’s stock valued at $5,869,000 after buying an additional 8,740 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of W.P. Carey Inc. REIT during the 4th quarter valued at approximately $298,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of W.P. Carey Inc. REIT during the 4th quarter valued at approximately $120,000. Stony Point Wealth Management Inc. purchased a new position in W.P. Carey Inc. REIT in the 4th quarter valued at $2,330,000. Finally, WealthPLAN Partners LLC lifted its holdings in W.P. Carey Inc. REIT by 18.9% in the 4th quarter. WealthPLAN Partners LLC now owns 41,980 shares of the real estate investment trust’s stock valued at $2,892,000 after purchasing an additional 6,667 shares in the last quarter. Hedge funds and other institutional investors own 48.96% of the company’s stock.
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About W.P. Carey Inc. REIT
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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