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With Shares Down by 37% and a 7.9% Yield, Is W.P. Carey a Buy Now?

This net-lease REIT has been beaten down and recently announced a change in its strategy.

By Matt Frankel, CFP and Tyler Crowe – Oct 16, 2023 at 7:07AM EST

Net-lease REIT W.P. Carey (WPC +0.06%) has underperformed the market and has a dividend yield approaching 8%. While the dividend is likely to go down in the near term as the company gets rid of its office real estate assets, could the stock still be a smart long-term buy?

*Stock prices used were the afternoon prices of Oct. 12, 2023. The video was published on Oct. 13, 2023.

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About the Author

Matt Frankel, CFP
Matt Frankel, CFP, is a contributing Motley Fool stock market analyst and personal finance expert covering financial stocks, REITs, SPACs, and personal finance. Prior to The Motley Fool, Matt taught high school and college mathematics. He holds a bachelor’s degree in physics from the University of South Carolina, a master’s degree in mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. He won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act. He is also regularly interviewed by Cheddar, The National Desk, and other TV networks and publications for his financial, stock market, and investing expertise.
TMFMattFrankel
X@MattFrankelCFP

Matthew Frankel, CFP® has positions in Realty Income. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Realty Income. The Motley Fool recommends W. P. Carey. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

W.P. Carey Stock Quote
W.P. Carey
NYSE: WPC
$72.62
(+0.06%)+$0.04
Realty Income Stock Quote
Realty Income
NYSE: O
$64.97
(+0.26%)+$0.17
Orion Properties Stock Quote
Orion Properties
NYSE: ONL
$2.46
(-3.72%)-$0.10

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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