Is W.P. Carey Stock a Buy?

Many investors don't believe they should put money into veteran real estate investment trust (REIT) W.P. Carey (NYSE: WPC). 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 case with W.P. Carey. Rather, I think it's still being punished by the market for that dividend cut. Let's unpack this a little -- perhaps we'll find that the REIT is worthy of a place in our stock portfolios.W.P. Carey is something of an outlier in the REIT world, as it doesn't laser-focus on one type of real estate. It's more typical in that business to target a segment and stick with it, as has Realty Income (retail properties), Crown Castle (telecom and tech infrastructure), and Healthpeak (healthcare and related facilities).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool