Nissay Asset Management Corp Japan ADV raised its holdings in shares of WP Carey Inc (NYSE:WPC) by 231.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,307 shares of the real estate investment trust’s stock after buying an additional 16,968 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in WP Carey were worth $1,588,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Strategic Wealth Partners Ltd. lifted its stake in WP Carey by 53.3% during the third quarter. Strategic Wealth Partners Ltd. now owns 512 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 178 shares during the last quarter. Baystate Wealth Management LLC bought a new stake in shares of WP Carey in the 4th quarter valued at about $45,000. 1 North Wealth Services LLC bought a new stake in shares of WP Carey in the 4th quarter valued at about $47,000. LifePlan Financial Group Inc bought a new stake in shares of WP Carey in the 4th quarter valued at about $51,000. Finally, Sound Income Strategies LLC lifted its stake in shares of WP Carey by 842.1% in the 4th quarter. Sound Income Strategies LLC now owns 895 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 800 shares during the last quarter. 42.30% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on WPC shares. Zacks Investment Research lowered WP Carey from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. JPMorgan Chase & Co. started coverage on WP Carey in a research note on Wednesday, December 19th. They issued a “neutral” rating and a $73.00 target price for the company. Finally, ValuEngine raised WP Carey from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $70.81.
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About WP Carey
Celebrating its 45th anniversary, W. P. Carey ranks among the largest diversified net lease REITs with an enterprise value of approximately $17 billion and a portfolio of operationally-critical commercial real estate that includes 1,186 net lease properties covering approximately 133 million square feet.
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