Private Harbour Investment Management Counsel Lowers stake in W.P. Carey REIT (WPC)

W.P. Carey REIT (WPC) : Private Harbour Investment Management Counsel reduced its stake in W.P. Carey REIT by 4.4% during the most recent quarter end. The investment management company now holds a total of 24,963 shares of W.P. Carey REIT which is valued at $1,782,358 after selling 1,150 shares in W.P. Carey REIT , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.W.P. Carey REIT makes up approximately 1.43% of Private Harbour Investment Management Counsel’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in WPC by selling 2,614 shares or 1.15% in the most recent quarter. The Hedge Fund company now holds 225,377 shares of WPC which is valued at $16,091,918. W.P. Carey REIT makes up approx 0.03% of California State Teachers Retirement System’s portfolio. Chicago Equity Partners added WPC to its portfolio by purchasing 35,495 company shares during the most recent quarter which is valued at $2,578,712. W.P. Carey REIT makes up approx 0.07% of Chicago Equity Partners’s portfolio.Pring Turner Capital Group Inc reduced its stake in WPC by selling 250 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 33,040 shares of WPC which is valued at $2,400,356. W.P. Carey REIT makes up approx 3.08% of Pring Turner Capital Group Inc’s portfolio.Davenport Co boosted its stake in WPC in the latest quarter, The investment management firm added 6,207 additional shares and now holds a total of 1,243,453 shares of W.P. Carey REIT which is valued at $87,389,877. W.P. Carey REIT makes up approx 1.30% of Davenport Co’s portfolio.

W.P. Carey REIT closed down -1.15 points or -1.61% at $70.25 with 3,69,638 shares getting traded on Thursday. Post opening the session at $71.9, the shares hit an intraday low of $70 and an intraday high of $72.53 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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