Previous Close | 35.19 |
Open | 35.58 |
Bid | 35.16 x 1200 |
Ask | 35.69 x 900 |
Day's Range | 35.12 - 35.79 |
52 Week Range | 34.65 - 48.21 |
Volume | |
Avg. Volume | 1,516,574 |
Market Cap | 6.446B |
Beta (5Y Monthly) | 0.87 |
PE Ratio (TTM) | 17.32 |
EPS (TTM) | 2.04 |
Earnings Date | Oct 31, 2023 - Nov 06, 2023 |
Forward Dividend & Yield | 2.26 (6.40%) |
Ex-Dividend Date | Jul 28, 2023 |
1y Target Est | 44.92 |
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How long a runway is there for W.P. Carey compared to some of its key competitors? 11.2 years is a compelling number to consider.
Having delivered 34 consecutive years of payout increases, NNN REIT (NYSE: NNN) has done so through the Gulf War recession, the dot-com recession, the Great Recession, and the COVID-19 recession. NNN REIT specializes in buying single-tenant, net-lease retail properties from clients. This means that the company buys retail properties where there is only one tenant occupying the building.
Real estate investment trusts (REITs) have struggled over the past 18 months as the Federal Reserve aggressively hiked the federal funds rate to combat inflation. This has raised the financing costs of these companies, and since they often trade based on their dividend yield, they have fallen in tandem with the bond market. NNN REIT (NYSE: NNN) is a large retail REIT with a nationwide presence and a 5.7% dividend yield.