W.P. Carey REIT (WPC) : Ancora Inverness scooped up 290 additional shares in W.P. Carey REIT during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 27,520 shares of W.P. Carey REIT which is valued at $1,964,928.W.P. Carey REIT makes up approximately 0.73% of Ancora Inverness’s portfolio.
Other Hedge Funds, Including , Rock Point Advisors reduced its stake in WPC by selling 33,552 shares or 21.75% in the most recent quarter. The Hedge Fund company now holds 120,735 shares of WPC which is valued at $8,771,398. W.P. Carey REIT makes up approx 4.46% of Rock Point Advisors’s portfolio.Parkwood reduced its stake in WPC by selling 1,293 shares or 14.74% in the most recent quarter. The Hedge Fund company now holds 7,477 shares of WPC which is valued at $535,353. W.P. Carey REIT makes up approx 0.09% of Parkwood’s portfolio. Robeco Institutional Asset Management B.v. added WPC to its portfolio by purchasing 25,262 company shares during the most recent quarter which is valued at $1,808,759. W.P. Carey REIT makes up approx 0.01% of Robeco Institutional Asset Management B.v.’s portfolio.
W.P. Carey REIT closed down -0.45 points or -0.64% at $69.47 with 2,61,283 shares getting traded on Monday. Post opening the session at $69.79, the shares hit an intraday low of $69.335 and an intraday high of $69.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.