W.P. Carey Inc. $WPC Stock Holdings Cut by Victory Capital Management Inc.

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Victory Capital Management Inc. reduced its stake in W.P. Carey Inc. by 2.5% in the third quarter, now holding 731,940 shares valued at approximately $49.5 million. Despite this cut, other institutional investors have increased their holdings, with Norges Bank establishing a new position worth about $151 million, bringing total institutional ownership to 73.73%. W.P. Carey recently surpassed quarterly earnings estimates with $1.27 EPS and saw its revenue increase by 9.6% year-over-year, while also raising its quarterly dividend to $0.92 per share, yielding 5.1%.

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