W.P. Carey Inc. REIT (NYSE:WPC) Director Peter Farrell purchased 2,035 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was bought at an average cost of $61.88 per share, for a total transaction of $125,925.80. Following the purchase, the director now owns 4,378 shares in the company, valued at $270,910.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of W.P. Carey Inc. REIT (WPC) remained flat at $$61.90 during mid-day trading on Wednesday. 306,922 shares of the company’s stock were exchanged, compared to its average volume of 422,932. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The firm has a market cap of $6,620.00, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 3.95 and a beta of 0.85. W.P. Carey Inc. REIT has a 12 month low of $59.23 and a 12 month high of $72.41.
W.P. Carey Inc. REIT (NYSE:WPC) last announced its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.06. The business had revenue of $196.96 million for the quarter, compared to analyst estimates of $210.92 million. W.P. Carey Inc. REIT had a return on equity of 8.05% and a net margin of 36.17%. W.P. Carey Inc. REIT’s quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. sell-side analysts anticipate that W.P. Carey Inc. REIT will post 4.79 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in WPC. Berkshire Asset Management LLC PA boosted its stake in W.P. Carey Inc. REIT by 9.1% in the fourth quarter. Berkshire Asset Management LLC PA now owns 293,092 shares of the real estate investment trust’s stock worth $20,194,000 after purchasing an additional 24,344 shares in the last quarter. IFP Advisors Inc boosted its stake in W.P. Carey Inc. REIT by 6.7% in the fourth quarter. IFP Advisors Inc now owns 48,185 shares of the real estate investment trust’s stock worth $3,320,000 after purchasing an additional 3,046 shares in the last quarter. Northstar Investment Advisors LLC boosted its stake in W.P. Carey Inc. REIT by 2.9% in the fourth quarter. Northstar Investment Advisors LLC now owns 137,467 shares of the real estate investment trust’s stock worth $9,471,000 after purchasing an additional 3,914 shares in the last quarter. Krueger & Catalano Capital Partners LLC acquired a new position in W.P. Carey Inc. REIT in the fourth quarter worth $639,000. Finally, Griffin Asset Management Inc. acquired a new position in W.P. Carey Inc. REIT in the third quarter worth $602,000. 50.72% of the stock is currently owned by institutional investors and hedge funds.
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W.P. Carey Inc. REIT Company 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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