Berkshire Asset Managementpa buys $20,805,509 stake in W.P. Carey REIT (WPC)

W.P. Carey REIT (WPC) : Berkshire Asset Managementpa scooped up 36,183 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 14, 2016. The investment management firm now holds a total of 333,582 shares of W.P. Carey REIT which is valued at $20,805,509.W.P. Carey REIT makes up approximately 3.19% of Berkshire Asset Managementpa’s portfolio.

W.P. Carey REIT closed down -0.08 points or -0.13% at $62.29 with 2,25,138 shares getting traded on Monday. Post opening the session at $62.39, the shares hit an intraday low of $61.88 and an intraday high of $62.57 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Simplex Trading added WPC to its portfolio by purchasing 1,507 company shares during the most recent quarter which is valued at $93,992. W.P. Carey REIT makes up approx 0.01% of Simplex Trading’s portfolio. Carnegie Capital Asset Management added WPC to its portfolio by purchasing 3,660 company shares during the most recent quarter which is valued at $228,274. W.P. Carey REIT makes up approx 0.03% of Carnegie Capital Asset Management’s portfolio. Naples Global Advisors sold out all of its stake in WPC during the most recent quarter. The investment firm sold 8,810 shares of WPC which is valued $549,480. D. Scott Neal added WPC to its portfolio by purchasing 2,200 company shares during the most recent quarter which is valued at $137,214. W.P. Carey REIT makes up approx 0.13% of D. Scott Neal’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.

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