Zacks Investment Research downgraded shares of WP CAREY INC (WPC) from OUTPERFORM to NEUTRAL on August 20, 2013, with a target price of $72.60.
W. P. Carey Inc. is a real estate investment trust engaged in providing long-term sale-leaseback and build-to-suit financing for companies. The firm primarily invests in commercial properties that are generally triple-net leased to single corporate tenants including office, warehouse, industrial, logistics, retail, hotel, R&D, and self-storage properties. W. P. Carey Inc., formerly known as W. P. Carey & Company LLC, is based in New York.
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