Rhumbline Advisers reduced its stake in Realty Income Corporation by 5.2% in the third quarter, selling 96,406 shares and retaining 1,767,187 shares valued at $107.43 million. Despite this, institutional ownership remains high at 70.81%, with other major investors increasing their positions. Analysts currently hold a “Hold” rating on Realty Income, with an average price target of $63.21, and the company offers a monthly dividend of $0.27, representing a 5.0% yield.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Realty Income Corporation $O Shares Sold by Rhumbline Advisers
Rhumbline Advisers reduced its stake in Realty Income Corporation by 5.2% in the third quarter, selling 96,406 shares and retaining 1,767,187 shares valued at $107.43 million. Despite this, institutional ownership remains high at 70.81%, with other major investors increasing their positions. Analysts currently hold a “Hold” rating on Realty Income, with an average price target of $63.21, and the company offers a monthly dividend of $0.27, representing a 5.0% yield.