The Fed Just Lowered Interest Rates. This High-Yield Stock Is a Buy Now. [Yahoo! Finance]
W. P. Carey Inc. REIT (WPC)
Last w. p. carey inc. reit earnings: 5/1 07:30 am
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US:NYSE Investor Relations:
wpcarey.com/investor-relations
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Source: Yahoo! Finance
Carey (NYSE: WPC) described its liquidity position when it reported second-quarter 2024 earnings. That's a very big deal for a real estate investment trust (REIT) because it hints that an acquisition spree is in the cards. And now that the Federal Reserve has just lowered the fed funds rate (which is a big influencer on interest rates), well, that acquisition spree looks to be even more profitable! Here's a look at why now might just be a great time to buy W.P. Carey stock if you have been looking at it. The bad news at W.P. Carey Before getting into why Carey is more attractive after a 0.5% cut in fed funds rate, it is important to address the elephant in the room. This net lease REIT cut its dividend at the start of 2024. That move came about just before the long-term dividend grower was about to reach the 25-year mark with its annual dividend-raising streak. Investors were pretty upset, to put it mildly. The reason for the cut, however, is very important to understand. W.
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News
- Why W. P. Carey Stock Slumped Nearly 11% in October [Yahoo! Finance]Yahoo! Finance
- From Dividend Reset to Recovery: W.P. Carey's Strategy for Winning Back Wall Street's Trust [Yahoo! Finance]Yahoo! Finance
- Earnings Snapshot: W. P. Carey delivers a beat in Q3, but narrows FY AFFO guidance range Oct. 29, 2024 4:18 PM ET By: Jaskiran Singh , SA News Editor [Seeking Alpha]Seeking Alpha
- W. P. Carey Announces Third Quarter 2024 Financial ResultsPR Newswire
- Is W.P. Carey Stock a Buy? [Yahoo! Finance]Yahoo! Finance
WPC
Earnings
- 10/29/24 - Miss
WPC
Sec Filings
- 11/5/24 - Form 4
- 10/30/24 - Form 10-Q
- 10/29/24 - Form 8-K
- WPC's page on the SEC website