W.P. Carey Inc. (WPC) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P increased its stake in shares of W.P. Carey Inc. (NYSE:WPC) by 6.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 365,076 shares of the company’s stock after buying an additional 22,495 shares during the period. Martingale Asset Management L P’s holdings in W.P. Carey were worth $21,573,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. boosted its stake in W.P. Carey by 4.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,371,099 shares of the company’s stock valued at $217,537,000 after buying an additional 132,453 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of W.P. Carey by 7.7% in the third quarter. BlackRock Fund Advisors now owns 1,616,263 shares of the company’s stock valued at $104,297,000 after buying an additional 115,590 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of W.P. Carey by 56.6% in the third quarter. Two Sigma Advisers LP now owns 293,600 shares of the company’s stock valued at $18,946,000 after buying an additional 106,100 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of W.P. Carey by 18.1% in the second quarter. Royal Bank of Canada now owns 681,804 shares of the company’s stock valued at $47,330,000 after buying an additional 104,672 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of W.P. Carey by 223.9% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 136,398 shares of the company’s stock valued at $8,802,000 after buying an additional 94,293 shares in the last quarter. Hedge funds and other institutional investors own 48.59% of the company’s stock.

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

W.P. Carey Inc. (NYSE:WPC) traded down 1.50% on Tuesday, reaching $62.87. 149,678 shares of the company’s stock traded hands. W.P. Carey Inc. has a 52 week low of $53.18 and a 52 week high of $72.89. The firm has a 50-day moving average price of $61.37 and a 200-day moving average price of $62.62. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 24.85 and a beta of 0.87.

“W.P. Carey Inc. (WPC) Shares Bought by Martingale Asset Management L P” was originally reported by sleekmoney and is the property of of sleekmoney. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this piece of content can be read at http://sleekmoney.com/w-p-carey-inc-wpc-shares-bought-by-martingale-asset-management-l-p/1660708.html.

Separately, Zacks Investment Research upgraded shares of W.P. Carey from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $68.13.

In other news, Director Mark A. Alexander purchased 4,000 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was bought at an average cost of $57.73 per share, for a total transaction of $230,920.00. Following the completion of the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $230,920. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.68% of the company’s stock.

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.

5 Day Chart for NYSE:WPC

Want to see what other hedge funds are holding WPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.P. Carey Inc. (NYSE:WPC).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/w-p-carey-inc-wpc-shares-bought-by-martingale-asset-management-l-p/1660708.html

Receive News & Ratings for W.P. Carey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.P. Carey Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *