Reported 2 days ago
W.P. Carey, a well-diversified real estate investment trust (REIT), has seen its stock fall nearly 40% after a dividend cut due to challenges following the pandemic. Despite this decline, the company remains a strong candidate for long-term investment, as it can comfortably afford its current dividend and boasts a diverse portfolio across various sectors. Investors are advised to remain patient as the stock price is currently affected more by high interest rates than by W.P. Carey's fundamentals.
Source: YAHOO