Kempner Capital Management Exits Position in W.P. Carey REIT (WPC)

W.P. Carey REIT (WPC) : Kempner Capital Management has sold out all of its stake in W.P. Carey REIT during the most recent quarter, according to the disclosure filed by the company on Oct 4, 2016 with the SEC. The investment management company has sold out 3,000 shares of W.P. Carey REIT which is valued at $185,160.

Other Hedge Funds, Including , Eqis Capital Management added WPC to its portfolio by purchasing 3,144 company shares during the most recent quarter which is valued at $194,048. W.P. Carey REIT makes up approx 0.01% of Eqis Capital Management’s portfolio.

W.P. Carey REIT closed down -0.65 points or -1.02% at $63.16 with 3,91,555 shares getting traded on Tuesday. Post opening the session at $63.78, the shares hit an intraday low of $62.775 and an intraday high of $63.8 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, W.P. Carey REIT reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.15. The company had revenue of $182.82 million for the quarter, compared to analysts expectations of $241.20 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.

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