Is W.P. Carey Stock a Buy?
W. P. Carey(WPC) The Motley Fool·2024-10-25 19:10
The company is an outlier in its sector, in more ways than one.Many investors don't believe they should put money into veteran real estate investment trust (REIT) W.P. Carey (WPC -0.81%). After all, REITs are dividend stocks, and since announcing a dividend cut in September 2023, W.P. Carey's stock price has lagged well behind those of many other REITs -- like Realty Income, Crown Castle, and Healthpeak Properties. Often, an underperforming stock reflects an underperforming company. I don't feel that's the ...