Brad Thomas
Dividend growth investing, REITs, newsletter provider, value

I'm Buying W.P. Carey For The Long Haul

Around a year ago I wrote an article on W.P. Carey (NYSE:WPC) and although I was almost ready to BUY shares in the global net lease REIT, I didn't find a recognizable "margin of safety" in the share price. I concluded the article as follows:

All things considered, WPC shares appear to be "moderately expensive." With a P/FFO higher than the peer group, I would wait for a window of opportunity and I recommend an entry point closer to $60.00.

Now I'm weighing in on Carey again. The share price of the New York-based REIT has fallen below my TARGET and closed at $59.54. Here's a snapshot of Carey's more recent (30-day) trading history:

(click to enlarge)


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