Institutional investors boost Realty Income shares, pushing up dividend despite missed earnings.

Silver Lake Group and other institutional investors have been buying shares of Realty Income, increasing its portfolio value. Despite missing revenue and earnings estimates, Realty Income announced a higher dividend of $0.2635 per share, with a 5.57% yield. Analysts have mixed ratings, with an average "Hold" and a target price of $63.85. Institutional investors now own 70.81% of the company's stock.

November 19, 2024
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