W. P. Carey Inc. REIT (NYSE:WPC) traded at a new 52-week high today of $79.63. This new high was reached on below average trading volume as 155,000 shares traded hands, while the average 30-day volume is approximately 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.
Over the past year, W. P. Carey Inc. REIT has traded in a range of $60.68 to $79.63 and is now at $79.63, 31% above that low.
There is potential upside of 2.5% for shares of W. P. Carey Inc. REIT based on a current price of $79.63 and an average consensus analyst price target of $81.64.
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