Noven Financial Group buys $1,080,550 stake in W.P. Carey REIT (WPC)

W.P. Carey REIT (WPC) : Noven Financial Group scooped up 9,404 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 Nov 14, 2016. The investment management firm now holds a total of 18,408 shares of W.P. Carey REIT which is valued at $1,080,550.W.P. Carey REIT makes up approximately 0.37% of Noven Financial Group’s portfolio.

Other Hedge Funds, Including , Tlp Group reduced its stake in WPC by selling 6,360 shares or 78.24% in the most recent quarter. The Hedge Fund company now holds 1,769 shares of WPC which is valued at $103,840. W.P. Carey REIT makes up approx 0.08% of Tlp Group’s portfolio.Advisor Group boosted its stake in WPC in the latest quarter, The investment management firm added 436 additional shares and now holds a total of 9,539 shares of W.P. Carey REIT which is valued at $551,163. W.P. Carey REIT makes up approx 0.01% of Advisor Group’s portfolio.Blackrock Advisors boosted its stake in WPC in the latest quarter, The investment management firm added 1,919 additional shares and now holds a total of 58,778 shares of W.P. Carey REIT which is valued at $3,456,146. Plancorp sold out all of its stake in WPC during the most recent quarter. The investment firm sold 3,330 shares of WPC which is valued $195,804.Ubs Asset Management Americas Inc reduced its stake in WPC by selling 9,042 shares or 3.77% in the most recent quarter. The Hedge Fund company now holds 230,641 shares of WPC which is valued at $13,356,420. W.P. Carey REIT makes up approx 0.02% of Ubs Asset Management Americas Inc’s portfolio.

W.P. Carey REIT opened for trading at $57.26 and hit $58.245 on the upside on Monday, eventually ending the session at $58.08, with a gain of 1.77% or 1.01 points. The heightened volatility saw the trading volume jump to 4,02,029 shares. Company has a market cap of $6,173 M.

On the company’s financial health, W.P. Carey REIT reported $1.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $1.17. The company had revenue of $204.20 million for the quarter, compared to analysts expectations of $229.27 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

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