Shares of W. P. Carey Inc. REIT (NYSE:WPC) traded today at $78.57, eclipsing its 52-week high. So far today approximately 233,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.
Potential upside of 0.9% exists for W. P. Carey Inc. REIT, based on a current level of $78.34 and analysts’ average consensus price target of $79.04.
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 share prices have moved between a 52-week high of $78.57 and a 52-week low of $60.68 and are now trading 29% above that low price at $78.34 per share.
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