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With Shares Down by 37% and a 7.9% Yield, Is W.P. Carey a Buy Now?

TheMotleyFool

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With Shares Down by 37% and a 7.9% Yield, Is W.P. Carey a Buy Now?: https://g.foolcdn.com/editorial/images/750789/warehouse-2022.jpg

Net-lease REIT W.P. Carey (NYSE: WPC) has underperformed the market and has a dividend yield approaching 8%. While the dividend is likely to go down in the near term as the company gets rid of its office real estate assets, could the stock still be a smart long-term buy?

*Stock prices used were the afternoon prices of Oct. 12, 2023. The video was published on Oct. 13, 2023.

Source Fool.com

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