W. P. Carey traded at $68.37 this Monday February 2nd, decreasing $1.38 or 1.98 percent since the previous trading session. Looking back, over the last four weeks, W. P. Carey lost 6.68 percent. Over the last 12 months, its price rose by 23.34 percent. Looking ahead, we forecast W. P. Carey to be priced at 67.60 by the end of this quarter and at 61.55 in one year, according to Trading Economics global macro models projections and analysts expectations.
W. P. Carey Inc. (W.P. Carey) is an internally managed diversified real estate investment trust (REIT). The Company is an owner of commercial real estate, net leased to companies on a long-term basis. Its real estate includes single-tenant industrial, warehouse, office, retail, and self-storage facilities. The Company manages its real estate portfolio to monitor tenant credit quality and lease renewal risks. It operates through two segments, namely Real Estate and Investment Management. The Company invests in commercial properties located in the United States and Northern and Western Europe. Its portfolio consists of approximately 1,266 properties, net-leased to approximately 356 tenants. In addition, the Company's portfolio includes full or partial ownership interests in approximately 20 operating properties, including 19 self-storage properties and one hotel. It manages the real estate investment portfolios for the Managed Programs through its taxable REIT subsidiaries (TRSs).