W.P. Carey REIT (WPC) : A. D. Beadell Investment Counsel scooped up 2,520 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 Apr 20, 2016. The investment management firm now holds a total of 36,980 shares of W.P. Carey REIT which is valued at $2,248,384.W.P. Carey REIT makes up approximately 2.04% of A. D. Beadell Investment Counsel’s portfolio.
W.P. Carey REIT opened for trading at $60.42 and hit $60.94 on the upside on Friday, eventually ending the session at $60.8, with a gain of 0.76% or 0.46 points. The heightened volatility saw the trading volume jump to 2,64,298 shares. Company has a market cap of $6,355 M.
Other Hedge Funds, Including , Winslow Evans Crocker reduced its stake in WPC by selling 2 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 6,304 shares of WPC which is valued at $383,283. W.P. Carey REIT makes up approx 0.11% of Winslow Evans Crocker’s portfolio.Parasol Investment Management reduced its stake in WPC by selling 280 shares or 6.64% in the most recent quarter. The Hedge Fund company now holds 3,935 shares of WPC which is valued at $239,248. W.P. Carey REIT makes up approx 0.23% of Parasol Investment Management’s portfolio.Fox Run Management L.l.c. reduced its stake in WPC by selling 1,400 shares or 19.18% in the most recent quarter. The Hedge Fund company now holds 5,900 shares of WPC which is valued at $358,720. W.P. Carey REIT makes up approx 0.23% of Fox Run Management L.l.c.’s portfolio. Marshwinds Advisory Co added WPC to its portfolio by purchasing 7,192 company shares during the most recent quarter which is valued at $437,489. W.P. Carey REIT makes up approx 0.22% of Marshwinds Advisory Co’s portfolio.
On the company’s financial health, W.P. Carey REIT reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $1.08. The company had revenue of $232.40 million for the quarter, compared to analysts expectations of $221.04 million. The company’s revenue was up 38.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.
Many Wall Street Analysts have commented on W.P. Carey REIT. W.P. Carey REIT was Downgraded by CapitalOne to ” Equal Weight” on Feb 11, 2016. W.P. Carey REIT was Downgraded by Ladenburg Thalmann to ” Neutral” on Feb 11, 2016.