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Should You Buy W.P. Carey Stock?

TheMotleyFool

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Shares of W.P. Carey (NYSE: WPC) gained 16% last year. Stacked up against the 27% gains that the S&P 500 index produced in 2021, it did reasonably well since it is a less-volatile stock. This makes W.P. Carey more defensive than the broader market during corrections, which makes up for its underperformance during bull markets.

But with such strong stock appreciation last year, should income investors buy the real estate investment trust (REIT) now or wait for a pullback? Let's dig into the stock's fundamentals and valuation to answer that question.

Image source: Getty Images.

Source Fool.com

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