Rench Wealth Management buys $3,608,108 stake in W.P. Carey REIT (WPC)

W.P. Carey REIT (WPC) : Rench Wealth Management scooped up 1,373 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 10, 2016. The investment management firm now holds a total of 52,581 shares of W.P. Carey REIT which is valued at $3,608,108.W.P. Carey REIT makes up approximately 2.84% of Rench Wealth Management’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors boosted its stake in WPC in the latest quarter, The investment management firm added 5,873 additional shares and now holds a total of 56,859 shares of W.P. Carey REIT which is valued at $3,901,665.Brown Advisory Securities reduced its stake in WPC by selling 318 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 11,752 shares of WPC which is valued at $821,700. W.P. Carey REIT makes up approx 0.25% of Brown Advisory Securities’s portfolio.Stanley-laman Group Ltd. reduced its stake in WPC by selling 4,420 shares or 5.73% in the most recent quarter. The Hedge Fund company now holds 72,695 shares of WPC which is valued at $5,082,834. W.P. Carey REIT makes up approx 1.94% of Stanley-laman Group Ltd.’s portfolio.First Trust Advisors Lp boosted its stake in WPC in the latest quarter, The investment management firm added 7,551 additional shares and now holds a total of 43,832 shares of W.P. Carey REIT which is valued at $3,064,733. W.P. Carey REIT makes up approx 0.01% of First Trust Advisors Lp’s portfolio.

W.P. Carey REIT closed down -0.33 points or -0.49% at $66.66 with 2,04,532 shares getting traded on Friday. Post opening the session at $66.9, the shares hit an intraday low of $66.31 and an intraday high of $66.9 and the price fluctuated in this range throughout the day.Shares ended Friday 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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