W. P. Carey Inc. REIT Looks to Continue to Trade Above its Annual-High Share Price Today

June 28, 2022 10:25:57

W. P. Carey Inc. REIT (NYSE:WPC) traded at a new 52-week high today of $87.43. Approximately 252,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

In the past 52 weeks, shares of W. P. Carey Inc. REIT have traded between a low of $73.02 and a high of $87.43 and is now at $86.90, which is 19% above that low price.

Based on a current price of $86.90, W. P. Carey Inc. REIT is currently 19.3% above its average consensus analyst price target of $70.11.

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.

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