Insider Selling: Hisham A. Kader Sells 1,488 Shares of W.P. Carey Stock (WPC)
W.P. Carey (NYSE:WPC) CAO Hisham A. Kader unloaded 1,488 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $68.68, for a total value of $102,195.84. Following the completion of the transaction, the chief accounting officer now directly owns 5,919 shares of the company’s stock, valued at approximately $406,517. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of W.P. Carey (NYSE:WPC) traded up 1.00% during mid-day trading on Wednesday, hitting $68.54. 324,764 shares of the company’s stock traded hands. W.P. Carey has a one year low of $55.23 and a one year high of $68.30. The stock’s 50-day moving average is $65.70 and its 200-day moving average is $62.87. The company has a market cap of $6.813 billion and a price-to-earnings ratio of 25.55.
W.P. Carey (NYSE:WPC) last released its earnings data on Tuesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $252.90 million for the quarter, compared to the consensus estimate of $154.36 million. Analysts expect that W.P. Carey will post $2.14 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of W.P. Carey from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $72.60 price target on the stock.
W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio.
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