The Ultimate High-Yield REIT Turnaround Stock to Buy With $1,000 Right Now

After 24 consecutive annual dividend increases, W.P. Carey (NYSE: WPC) did something that seemed unthinkable -- it cut its dividend by 20%. That decision, which was made in 2023 but impacted the first dividend in 2024, has resulted in dividend investors avoiding this net lease real estate investment trust (REIT).That could be a buying opportunity if you have $1,000 or $100,000 to invest right now. Here's what you need to know.At its core, W.P. Carey uses the fairly simple net lease approach, which means that it generally owns single-tenant properties for which the tenants are responsible for most property-level operating costs. Across a large enough portfolio this is a pretty low-risk business model. W.P. Carey, for reference, is the second-largest player in its niche and has a portfolio of over 1,400 properties.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool