Kempner Capital Management adds W.P. Carey REIT (WPC) to its portfolio

W.P. Carey REIT (WPC) : Kempner Capital Management added new position in W.P. Carey REIT during the most recent quarter end. The investment management firm now holds 3,000 shares of W.P. Carey REIT which is valued at $206,820 , the company said in a statement filed on Jul 6, 2016 with the SEC.W.P. Carey REIT makes up approximately 0.13% of Kempner Capital Management’s portfolio.

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W.P. Carey REIT opened for trading at $69.26 and hit $69.9101 on the upside on Monday, eventually ending the session at $69.83, with a gain of 1.29% or 0.89 points. The heightened volatility saw the trading volume jump to 3,47,218 shares. Company has a market cap of $7,323 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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