W. P. Carey Inc. REIT (NYSE:WPC) traded today at a new 52-week high of $79.28. So far today approximately 652,000 shares have been exchanged, as compared to an average 30-day volume of 1 million shares.
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. The majority of the company’s revenue comes from properties in the U.S. W.P. Carey’s Investment Management unit generates revenue from the provision of real estate advisory and portfolio management services to other REITs.
W. P. Carey Inc. REIT (NYSE:WPC) is currently priced 0.1% above its average consensus analyst price target of $79.04.
Over the past year, W. P. Carey Inc. REIT has traded in a range of $60.68 to $79.28 and is now at $79.10, 30% above that low.
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