W. P. Carey Inc (NYSE: WPC) is -3.87% lower on its value in year-to-date trading and has touched a low of $50.28 and a high of $67.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WPC stock was last observed hovering at around $62.74 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $62.30, the stock is 0.03% and 4.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing -0.70% at the moment leaves the stock 5.82% off its SMA200. WPC registered 16.38% gain for a year compared to 6-month gain of 11.11%. The firm has a 50-day simple moving average (SMA 50) of $59.9604 and a 200-day simple moving average (SMA200) of $58.87255.
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The stock witnessed a 5.18% loss in the last 1 month and extending the period to 3 months gives it a 14.04%, and is -1.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.46% over the week and 1.57% over the month.
W. P. Carey Inc (WPC) has around 197 employees, a market worth around $13.63B and $1.64B in sales. Current P/E ratio is 23.86 and Fwd P/E is 27.94. Profit margin for the company is 34.83%. Distance from 52-week low is 23.90% and -7.57% from its 52-week high. The company has generated returns on investments over the last 12 months (3.51%).
with sales reaching $377.2M over the same period.The EPS is expected to shrink by -34.75% this year, but quarterly earnings will post -13.20% year-over-year. Quarterly sales are estimated to shrink -15.90% in year-over-year returns.
W. P. Carey Inc (WPC) Top Institutional Holders
1042.0 institutions hold shares in W. P. Carey Inc (WPC), with institutional investors hold 70.01% of the company’s shares. The shares outstanding are 218.67M, and float is at 216.10M with Short Float at 1.53%. Institutions hold 69.17% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 30.78 million shares valued at $1.69 billion. The investor’s holdings represent 13.9886% of the WPC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 26.79 million shares valued at $1.47 billion to account for 12.1754 of the shares outstanding. The other top investors are STATE STREET CORP which holds 12.05 million shares representing 5.4783% and valued at over $673.87 million, while GEODE CAPITAL MANAGEMENT, LLC holds 2.0208 of the shares totaling 4.45 million with a market value of $244.42 million.
W. P. Carey Inc (WPC) Insider Activity
The most recent transaction is an insider purchase by ALEXANDER MARK A, the company’s Director. SEC filings show that ALEXANDER MARK A bought 2,000 shares of the company’s common stock on Aug 16 ’24 at a price of $57.03 per share for a total of $0.11 million. Following the purchase, the insider now owns 40124.0 shares.
W. P. Carey Inc disclosed in a document filed with the SEC on Aug 09 ’24 that ALEXANDER MARK A (Director) bought a total of 3,500 shares of the company’s common stock. The trade occurred on Aug 09 ’24 and was made at $55.87 per share for $0.2 million. Following the transaction, the insider now directly holds 38124.0 shares of the WPC stock.
Still, SEC filings show that on Aug 08 ’24, Zander Brian H (Chief Accounting Officer) disposed off 500 shares at an average price of $56.75 for $28375.0. The insider now directly holds 7,677 shares of W. P. Carey Inc (WPC).
