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Shares of REIT W. P. Carey (NYSE:WPC) were on track to snap their seven-day gaining streak on Thursday, noting their first decline since Nov. 20.
The REIT edged 0.27% lower to $61.02 by 1433 ET on Thursday. The stock had gained about 10% over the course of seven days of advances.
Since the start of the year, WPC shares have fallen about 21%. However, at its current value, the stock was hovering near its September highs.
November has been a favorable month for the stock, with 14 sessions in green and six in red.
Looking at Seeking Alpha's Quant Rating, W. P. Carey has a Hold rating with a score of 2.66 out of 5. The New York-based company receives an A for profitability and a B- for growth, meanwhile, its momentum prospects have been graded a D+.
Turning to the Wall Street community, two analysts gave WPC a Buy rating, while seven were a Hold, and two carried a Sell recommendation.
Seeking Alpha analysts generally see the stock as a Buy. SA analyst Long Player endorses the stock as a Strong Buy, eyeing strength in the company's recovery potential post its spinoff.
"W. P. Carey irked income investors with a spinoff and a lower dividend percentage, causing the stock price to decline. Despite the decline, the company has investment grade rated debt and better prospects after the spinoff," said Long Player.