Zacks Investment Research downgraded W.P. Carey Inc. REIT (NYSE:WPC) to Sell in a statement released earlier today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded W.P. Carey Inc. REIT (NYSE:WPC) to Sell in a statement released on 10/13/2016.
Boasting a price of $61.51, W.P. Carey Inc. REIT (NYSE:WPC) traded 0.00% even on the day. With the last stock price close down -6.42% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. WPC has recorded a 50-day moving average of $65.12 and a 200-day moving average of $65.76. 0 shares of WPC traded hands, down from an average trading volume of 338,485
Recent Performance Chart
W.P. Carey Inc. REIT has 52 week low of $51.12 and a 52 week high of $72.89 with a PE ratio of 36.20 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokerages have issued a ratings update on the company. The average stock price target is $60.92 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.