Stellar Capital Management buys $1.8 Million stake in W.P. Carey REIT (WPC)

W.P. Carey REIT (WPC) : Stellar Capital Management scooped up 1,737 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 May 12, 2016. The investment management firm now holds a total of 28,892 shares of W.P. Carey REIT which is valued at $1.8 Million.W.P. Carey REIT makes up approximately 2.05% of Stellar Capital Management’s portfolio.

Other Hedge Funds, Including , Rpg Family Wealth Advisory added WPC to its portfolio by purchasing 41,646 company shares during the most recent quarter which is valued at $2.6 Million. W.P. Carey REIT makes up approx 2.06% of Rpg Family Wealth Advisory’s portfolio. Nations Financial Group Inc Ia Adv added WPC to its portfolio by purchasing 3,481 company shares during the most recent quarter which is valued at $220,487. W.P. Carey REIT makes up approx 0.25% of Nations Financial Group Inc Ia Adv’s portfolio. Checchi Capital Advisers added WPC to its portfolio by purchasing 2,378 company shares during the most recent quarter which is valued at $149,814. W.P. Carey REIT makes up approx 0.04% of Checchi Capital Advisers’s portfolio.Mizuho Trust Banking Ltd. reduced its stake in WPC by selling 312 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 17,996 shares of WPC which is valued at $1.1 Million.

W.P. Carey REIT opened for trading at $62.07 and hit $62.78 on the upside on Friday, eventually ending the session at $62.69, with a gain of 1.03% or 0.64 points. The heightened volatility saw the trading volume jump to 3,11,266 shares. Company has a market cap of $6,574 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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