Sun Sep 15 14:39:03 UTC 2024: ## DekaBank Deutsche Girozentrale Reduces Stake in Realty Income

**New York, NY – September 15, 2024** – DekaBank Deutsche Girozentrale has reduced its stake in Realty Income Co. (NYSE:O) by 4.1% during the second quarter, according to a recent SEC filing. The fund now holds 488,328 shares of the real estate investment trust, worth approximately $25.86 million.

This move comes as several other hedge funds have adjusted their positions in Realty Income. Vanguard Group Inc. increased its holdings by 18.3%, while Daiwa Securities Group Inc. lifted its stake by 2.2% during the first quarter. Norges Bank entered a new position in Realty Income in the fourth quarter worth $506.5 million, and APG Asset Management US Inc. grew its stake by 10.4% in the fourth quarter.

Realty Income’s stock opened at $62.71 on Friday, with a 50-day moving average price of $59.49 and a 200-day moving average price of $55.35. The company’s market cap stands at $54.61 billion.

The company recently declared an October 24 dividend of $0.2635 per share, payable on October 15th to shareholders of record on October 1st. This represents a 5% dividend yield and an increase from the previous dividend of $0.26.

Analysts remain divided on Realty Income. While some, like Royal Bank of Canada, have raised their target price and issued “outperform” ratings, others, like Morgan Stanley, maintain an “equal weight” rating.

**Insider Trading**

Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock on September 11th at an average price of $62.58, and Director A. Larry Chapman sold 5,000 shares on August 23rd at an average price of $60.77.

**Company Overview**

Realty Income, a member of the S&P 500 and S&P 500 Dividend Aristocrats index, is a real estate investment trust (REIT) focused on delivering dependable monthly dividends. The company owns over 15,450 properties under long-term net lease agreements with commercial clients.

**Disclaimer:** This news article is based on information provided in the original text and does not constitute financial advice. Investors should conduct their own research and consult with financial professionals before making any investment decisions.

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