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

After 24 consecutive annual dividend increases, W.P. Carey (WPC 1.81%) 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.What did W.P. Carey do?At its core, W.P. Carey uses the fairly simple net lease ap ...