27-Mar-2024
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W. P. Carey Appoints Rhonda Gass to Board of Directors
PRNewswire (Mon, 18-Mar 7:30 AM ET)
W. P. Carey Increases Quarterly Dividend to $0.865 per Share
PRNewswire (Thu, 14-Mar 4:30 PM ET)
W. P. Carey Announces Fourth Quarter and Full Year 2023 Financial Results
PRNewswire (Fri, 9-Feb 7:30 AM ET)
W. P. Carey Announces Tax Treatment of 2023 Dividends
PRNewswire (Mon, 29-Jan 7:30 AM ET)
PRNewswire (Fri, 26-Jan 7:30 AM ET)
W. P. Carey Announces Completion of State of Andalusia Office Portfolio Sale for $359 Million
PRNewswire (Thu, 11-Jan 7:30 AM ET)
W. P. Carey Announces 2023 Investment Volume of $1.3 Billion
PRNewswire (Wed, 10-Jan 7:30 AM ET)
W.P. Carey Inc is a real estate investment trust principally involved in the ownership of properties located in the U.S., Western Europe, and Northern Europe. W.P. Carey organizes its operations into Real Estate and Investment Management segments. The vast majority of the company's income is derived from its Real Estate division in the form of lease revenue from long-term agreements with companies. W.P. Carey's real estate portfolio is primarily comprised of single-tenant office, industrial, warehouse, and retail facilities located around the world. most of the company's revenue comes from properties in the USA. The company's Investment Management unit generates revenue from providing real estate advisory and portfolio management services to other REITs.
W.P. Carey trades on the NYSE stock market under the symbol WPC.
As of March 27, 2024, WPC stock price climbed to $55.97 with 1,038,567 million shares trading.
WPC has a beta of 1.02, meaning it tends to be more sensitive to market movements. WPC has a correlation of 0.23 to the broad based SPY ETF.
WPC has a market cap of $12.24 billion. This is considered a Large Cap stock.
In the last 3 years, WPC stock traded as high as $89.63 and as low as $51.36.
The top ETF exchange traded funds that WPC belongs to (by Net Assets): VNQ, VTI, IJH, VO, VXF.
WPC has underperformed the market in the last year with a price return of -18.8% while the SPY ETF gained +33.6%. WPC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.8% and +0.7%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
WPC support price is $54.10 and resistance is $55.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WPC stock will trade within this expected range on the day.