Scotiabank lowered the firm’s price target on W.P. Carey to $60 from $62 and keeps a Sector Perform rating on the shares. The firm believes that at a macro level, Real Estate Investment Trusts, REITs, continue to flash mixed-valuation signals, with REITs cheap compared to the S&P 500, but historically pricey compared to bond yields, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WPC:
- W. P. Carey Clarifies Document Filing and Liability Status
- W.P. Carey price target lowered to $65 from $68 at RBC Capital
- W.P. Carey downgraded to Market Perform from Outperform at Raymond James
- New Corporate Activity and Growth Risk for W. P. Carey Inc. – What’s the Latest?
- W. P. Carey Inc. Shares Unaudited Financial Insights