Why W. P. Carey Stock Rebounded 16% in November

Shares of W. P. Carey (NYSE: WPC) rallied 16% in November, according to data provided by S&P Global Market Intelligence. W. P. Carey caught its investors off guard in late September when the diversified REIT unveiled an accelerated plan to exit the office sector. The two-part strategy would see the company spin off part of its office portfolio into a new office REIT, Net Lease Office Properties, which it completed in November.