|Bid||51.59 x 1100|
|Ask||51.70 x 1800|
|Day's range||51.51 - 52.40|
|52-week range||51.51 - 68.85|
|Beta (5Y monthly)||0.79|
|PE ratio (TTM)||38.48|
|Earnings date||31 Oct 2023 - 06 Nov 2023|
|Forward dividend & yield||3.07 (5.90%)|
|Ex-dividend date||29 Sept 2023|
|1y target est||67.43|
W.P. Carey prepared for a spike in inflation even when nobody was concerned about it. The benefit of that preparation is showing up now.
There's nothing wrong with buying high-yield stocks, but you need to look past the yield alone to see the full story with Annaly Capital.
W. P. Carey (NYSE: WPC) recently revealed plans to strategically exit the office sector. The move will enable the diversified real estate investment trust (REIT) to focus on real estate sectors with better long-term demand dynamics. Here's a look at the diversified REIT's strategy to exit the office sector and how that will impact its 7.1%-yielding dividend.