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 0.37% during the most recent quarter end. The investment management company now holds a total of 33,290 shares of W.P. Carey REIT which is valued at $2.1 Million after selling 125 shares in W.P. Carey REIT , the firm said in a disclosure report filed with the SEC on May 11, 2016.W.P. Carey REIT makes up approximately 3.06% of Pring Turner Capital Group Inc’s portfolio.

Other Hedge Funds, Including , Kernodle Katon Asset Management Group boosted its stake in WPC in the latest quarter, The investment management firm added 6,790 additional shares and now holds a total of 8,397 shares of W.P. Carey REIT which is valued at $531,866. W.P. Carey REIT makes up approx 0.50% of Kernodle Katon Asset Management Group’s portfolio.Blackrock Japan Ltd boosted its stake in WPC in the latest quarter, The investment management firm added 54 additional shares and now holds a total of 5,157 shares of W.P. Carey REIT which is valued at $326,644.Blackrock Institutional Trust Company N.a. boosted its stake in WPC in the latest quarter, The investment management firm added 4,049 additional shares and now holds a total of 3,223,332 shares of W.P. Carey REIT which is valued at $204.2 Million. W.P. Carey REIT makes up approx 0.03% of Blackrock Institutional Trust Company N.a.’s portfolio.Evercore Wealth Management reduced its stake in WPC by selling 217 shares or 17.83% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of WPC which is valued at $63,000.Ifp Advisors Inc boosted its stake in WPC in the latest quarter, The investment management firm added 19,101 additional shares and now holds a total of 36,072 shares of W.P. Carey REIT which is valued at $2.3 Million. W.P. Carey REIT makes up approx 0.14% of Ifp Advisors Inc’s portfolio.

W.P. Carey REIT opened for trading at $63.26 and hit $64.4199 on the upside on Monday, eventually ending the session at $64.36, with a gain of 1.61% or 1.02 points. The heightened volatility saw the trading volume jump to 2,64,432 shares. Company has a market cap of $6,750 M.

On the company’s financial health, W.P. Carey REIT reported $1.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on May 5, 2016. Analyst had a consensus of $1.07. The company had revenue of $244.20 million for the quarter, compared to analysts expectations of $233.70 million. During the same quarter in the previous year, the company posted $1.22 EPS.

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