W.P. Carey Inc. (WPC) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its stake in W.P. Carey Inc. (NYSE:WPC) by 131.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,566 shares of the real estate investment trust’s stock after purchasing an additional 9,415 shares during the quarter. Coldstream Capital Management Inc.’s holdings in W.P. Carey were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of WPC. BlackRock Inc. lifted its position in shares of W.P. Carey by 4,264.3% in the first quarter. BlackRock Inc. now owns 6,517,625 shares of the real estate investment trust’s stock worth $405,525,000 after purchasing an additional 6,368,287 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of W.P. Carey by 3.0% in the second quarter. Vanguard Group Inc. now owns 16,582,908 shares of the real estate investment trust’s stock worth $1,094,638,000 after purchasing an additional 482,940 shares in the last quarter. Advisors Capital Management LLC purchased a new stake in shares of W.P. Carey in the second quarter worth approximately $13,238,000. Northern Trust Corp lifted its position in shares of W.P. Carey by 14.0% in the second quarter. Northern Trust Corp now owns 1,009,533 shares of the real estate investment trust’s stock worth $66,638,000 after purchasing an additional 124,056 shares in the last quarter. Finally, State Street Corp lifted its position in shares of W.P. Carey by 6.0% in the second quarter. State Street Corp now owns 2,053,913 shares of the real estate investment trust’s stock worth $135,575,000 after purchasing an additional 116,309 shares in the last quarter. 48.76% of the stock is owned by institutional investors and hedge funds.

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W.P. Carey Inc. (WPC) traded up 0.022% during trading on Monday, reaching $67.925. The company had a trading volume of 49,117 shares. The company has a market capitalization of $7.22 billion, a PE ratio of 27.279 and a beta of 0.86. The company has a 50 day moving average price of $68.50 and a 200 day moving average price of $66.00. W.P. Carey Inc. has a 52-week low of $55.77 and a 52-week high of $70.38.

W.P. Carey (NYSE:WPC) last released its earnings results on Friday, August 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.56). The firm 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 company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS. On average, equities analysts forecast that W.P. Carey Inc. will post $2.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a $1.005 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, September 29th. This represents a $4.02 annualized dividend and a yield of 5.91%. W.P. Carey’s payout ratio is presently 155.21%.

WPC has been the subject of a number of research analyst reports. Evercore ISI lowered 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 research report on Monday, June 12th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of W.P. Carey in a research report on Friday, June 16th. Wells Fargo & Company reissued a “market perform” rating and issued a $69.00 price target (up from $59.50) on shares of W.P. Carey in a research report on Friday, June 16th. BidaskClub lowered shares of W.P. Carey from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, ValuEngine upgraded W.P. Carey from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issue

Several other hedge funds and other institutional investors also recently bought and sold shares of WPC. BlackRock Inc. lifted its position in shares of W.P. Carey by 4,264.3% in the first quarter. BlackRock Inc. now owns 6,517,625 shares of the real estate investment trust’s stock worth $405,525,000 after purchasing an additional 6,368,287 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of W.P. Carey by 3.0% in the second quarter. Vanguard Group Inc. now owns 16,582,908 shares of the real estate investment trust’s stock worth $1,094,638,000 after purchasing an additional 482,940 shares in the last quarter. Advisors Capital Management LLC purchased a new stake in shares of W.P. Carey in the second quarter worth approximately $13,238,000. Northern Trust Corp lifted its position in shares of W.P. Carey by 14.0% in the second quarter. Northern Trust Corp now owns 1,009,533 shares of the real estate investment trust’s stock worth $66,638,000 after purchasing an additional 124,056 shares in the last quarter. Finally, State Street Corp lifted its position in shares of W.P. Carey by 6.0% in the second quarter. State Street Corp now owns 2,053,913 shares of the real estate investment trust’s stock worth $135,575,000 after purchasing an additional 116,309 shares in the last quarter. 48.76% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This article was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/09/w-p-carey-inc-wpc-shares-bought-by-coldstream-capital-management-inc.html.

W.P. Carey Inc. (WPC) traded up 0.022% during trading on Monday, reaching $67.925. The company had a trading volume of 49,117 shares. The company has a market capitalization of $7.22 billion, a PE ratio of 27.279 and a beta of 0.86. The company has a 50 day moving average price of $68.50 and a 200 day moving average price of $66.00. W.P. Carey Inc. has a 52-week low of $55.77 and a 52-week high of $70.38.

W.P. Carey (NYSE:WPC) last released its earnings results on Friday, August 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.56). The firm 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 company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS. On average, equities analysts forecast that W.P. Carey Inc. will post $2.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a $1.005 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, September 29th. This represents a $4.02 annualized dividend and a yield of 5.91%. W.P. Carey’s payout ratio is presently 155.21%.

WPC has been the subject of a number of research analyst reports. Evercore ISI lowered 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 research report on Monday, June 12th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of W.P. Carey in a research report on Friday, June 16th. Wells Fargo & Company reissued a “market perform” rating and issued a $69.00 price target (up from $59.50) on shares of W.P. Carey in a research report on Friday, June 16th. BidaskClub lowered shares of W.P. Carey from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, ValuEngine upgraded W.P. Carey from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $67.67.

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

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