Should You Buy This High-Yielding REIT?
Quality income stocks tend to provide dependable cash flow for their shareholders, regardless of what's happening in the world. But there's another reason to consider established income stocks for your portfolio: They also are more protected from significant downside than the broader market.
For instance, the diversified real estate investment trust (REIT) W.P. Carey (NYSE: WPC) has fallen 1% year to date compared to the 6% decline in the S&P 500 during that time. But should income investors buy W.P. Carey, or should they wait for a pullback in the stock? Let's delve into the REIT's fundamentals and valuation to get an answer.
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Source Fool.com
