Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of W.P. Carey Inc. (“W.P. Carey” or “the Company”) (NYSE: WPC). Investors who purchased W.P. Carey securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether W.P. Carey has violated federal securities laws.
Investigation Details
On July 30, 2024, W.P. Carey issued a press release announcing its financial results for the second quarter of 2024. Among other items, the Company lowered its guidance for Adjusted Funds from Operations (“AFFO”) by $0.02, citing “two larger-sized transactions that recently fell out of our pipeline.” On this news, W.P. Carey’s stock price fell $2.99 per share, or 4.92%, to close at $57.81 per share on July 31, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased W.P. Carey securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
WPC — Stock Performance
About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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