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This net-lease REIT has been beaten down and recently announced a change in its strategy.
Net-lease REIT W.P. Carey (WPC -1.70%) 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.
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.
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