It's Been Over 30 Months Since W.P. Carey Stock Set Its All-Time High. Here's 1 Reason to Buy Today.
W.P. Carey's (NYSE: WPC) stock price peaked in July 2022 at almost $78 per share. That was more than 30 months ago. Today, shares are in the mid-$60s, or about 30% below that peak. Two factors have weighed on the real estate investment trust's (REIT) stock price: interest rates and portfolio changes. While interest rates are out of the company's control, it's actively working to rebuild its portfolio. That strategy is starting to pay dividends.W.P. Carey owns a diversified portfolio of high-quality, operationally critical commercial real estate across North America and Europe. While diversification has always been a key hallmark of the REIT, it has shifted its focus away from certain property types over the past couple of years. Continue reading
W.P. Carey's (NYSE: WPC) stock price peaked in July 2022 at almost $78 per share. That was more than 30 months ago. Today, shares are in the mid-$60s, or about 30% below that peak.
Two factors have weighed on the real estate investment trust's (REIT) stock price: interest rates and portfolio changes. While interest rates are out of the company's control, it's actively working to rebuild its portfolio. That strategy is starting to pay dividends.
W.P. Carey owns a diversified portfolio of high-quality, operationally critical commercial real estate across North America and Europe. While diversification has always been a key hallmark of the REIT, it has shifted its focus away from certain property types over the past couple of years.
