Mon Sep 09 15:40:52 UTC 2024: ## Varma Mutual Pension Insurance Co. Cuts Realty Income Holdings

**New York, NY – September 9, 2024** – Varma Mutual Pension Insurance Co., a major institutional investor, has reduced its stake in Realty Income Corporation (NYSE: O) by 2.9% during the second quarter, according to Holdings Channel. The firm now holds 253,918 shares of the real estate investment trust, valued at $13.41 million.

This move comes amidst a mixed bag of activity from other institutional investors and hedge funds. Ausdal Financial Partners Inc. increased its holdings in Realty Income by 48.2%, while Ellis Investment Partners LLC acquired a new stake in the company. Certuity LLC and Asset Dedication LLC also boosted their positions, while Acadian Asset Management LLC purchased a new stake.

Meanwhile, Realty Income Director A. Larry Chapman sold 5,000 shares of the company’s stock on August 23rd for a total value of $303,850. Insiders currently own 0.10% of Realty Income’s stock.

Realty Income opened at $62.40 on Monday, with a market capitalization of $54.34 billion. The company’s recent earnings report, released on August 5th, showed a miss on analysts’ estimates, reporting $0.29 earnings per share compared to an expected $0.36. However, revenue came in at $1.34 billion, exceeding expectations.

Realty Income is known for its monthly dividend payouts, with a current yield of 5.2%. The company’s dividend is supported by its vast portfolio of over 15,450 real estate properties primarily leased to commercial clients.

The company remains a member of the S&P 500 and S&P 500 Dividend Aristocrats index, signifying its consistency and strong financial performance.

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