Pring Turner Capital Group Inc Lowers stake in W.P. Carey REIT (WPC)

W.P. Carey REIT (WPC) : Pring Turner Capital Group Inc reduced its stake in W.P. Carey REIT by 0.77% during the most recent quarter end. The investment management company now holds a total of 32,785 shares of W.P. Carey REIT which is valued at $1,924,480 after selling 255 shares in W.P. Carey REIT , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.W.P. Carey REIT makes up approximately 2.36% of Pring Turner Capital Group Inc’s portfolio.

Other Hedge Funds, Including , Wolverine Trading added WPC to its portfolio by purchasing 4,958 company shares during the most recent quarter which is valued at $291,035. W.P. Carey REIT makes up approx 0.02% of Wolverine Trading’s portfolio.Ancora Inverness reduced its stake in WPC by selling 4,207 shares or 15.29% in the most recent quarter. The Hedge Fund company now holds 23,313 shares of WPC which is valued at $1,350,056. W.P. Carey REIT makes up approx 0.48% of Ancora Inverness’s portfolio.First Trust Advisors Lp boosted its stake in WPC in the latest quarter, The investment management firm added 36,878 additional shares and now holds a total of 80,710 shares of W.P. Carey REIT which is valued at $4,740,905. W.P. Carey REIT makes up approx 0.01% of First Trust Advisors Lp’s portfolio.Morgan Dempsey Capital Management boosted its stake in WPC in the latest quarter, The investment management firm added 9,655 additional shares and now holds a total of 47,372 shares of W.P. Carey REIT which is valued at $2,841,373. W.P. Carey REIT makes up approx 0.98% of Morgan Dempsey Capital Management’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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