W.P. Carey Inc. REIT (NYSE:WPC) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 30, 2016
Boasting a price of $58.07, W.P. Carey Inc. REIT (NYSE:WPC) traded -2.27% lower on the day. With the last stock price close down -11.05% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. W.P. Carey Inc. REIT has recorded a 50-day average of $59.84 and a two hundred day average of $65.30. Volume of trade was down over the average, with 190,130 shares of WPC changing hands under the typical 347,098
Zacks Investment Research has upgraded W.P. Carey Inc. REIT (NYSE:WPC) to Hold in a statement released on 11/30/2016.
With a total market value of $0, W.P. Carey Inc. REIT has price-earnings ratio of 22.96 with a one year low of $51.12 and a one year high of $72.89 .
A total of 6 analysts have released a research note on WPC. zero analysts rating the company a strong buy, zero analysts rating the company a buy, five analysts rating the company a hold, one analyst rating the company a underperform, and finally one analyst rating the company a sell with a one year target of $60.92.
More About W.P. Carey Inc. REIT (NYSE:WPC)
W. P. Carey Inc. is an independent equity real estate investment trust. The firm also provides long-term sale-leaseback and build-to-suit financing for companies. It invests in the real estate markets across the globe. The firm primarily invests in commercial properties that are generally triple-net leased to single corporate tenants including office, warehouse, industrial, logistics, retail, hotel, R&D, and self-storage properties. W. P. Carey Inc. was founded in 1973 and is based in New York City with an additional office in Dallas, Texas.
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