Welch Capital Partnersny Lowers stake in W.P. Carey REIT (WPC)

W.P. Carey REIT (WPC) : Welch Capital Partnersny reduced its stake in W.P. Carey REIT by 10.71% during the most recent quarter end. The investment management company now holds a total of 129,712 shares of W.P. Carey REIT which is valued at $8,907,323 after selling 15,562 shares in W.P. Carey REIT , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.W.P. Carey REIT makes up approximately 3.04% of Welch Capital Partnersny’s portfolio.

Other Hedge Funds, Including , Thomaspartners added WPC to its portfolio by purchasing 2,989 company shares during the most recent quarter which is valued at $207,646.Hm Payson Co boosted its stake in WPC in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 4,912 shares of W.P. Carey REIT which is valued at $337,307. W.P. Carey REIT makes up approx 0.02% of Hm Payson Co’s portfolio.Sheaff Brock Investment Advisors boosted its stake in WPC in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 6,074 shares of W.P. Carey REIT which is valued at $424,694. W.P. Carey REIT makes up approx 0.05% of Sheaff Brock Investment Advisors’s portfolio.Carnegie Capital Asset Management boosted its stake in WPC in the latest quarter, The investment management firm added 10,540 additional shares and now holds a total of 14,200 shares of W.P. Carey REIT which is valued at $1,013,880. W.P. Carey REIT makes up approx 0.14% of Carnegie Capital Asset Management’s portfolio.Morgan Dempsey Capital Management boosted its stake in WPC in the latest quarter, The investment management firm added 8,366 additional shares and now holds a total of 37,717 shares of W.P. Carey REIT which is valued at $2,740,140. W.P. Carey REIT makes up approx 0.90% of Morgan Dempsey Capital Management’s portfolio.

W.P. Carey REIT opened for trading at $66.7 and hit $67.25 on the upside on Wednesday, eventually ending the session at $67.22, with a gain of 0.90% or 0.6 points. The heightened volatility saw the trading volume jump to 3,26,266 shares. Company has a market cap of $7,107 M.

On the company’s financial health, W.P. Carey REIT reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.15. The company had revenue of $182.82 million for the quarter, compared to analysts expectations of $241.20 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.

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