LGT Group Foundation Boosts Stock Position in Realty Income Corporation $O

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LGT Group Foundation increased its stake in Realty Income Corporation by 27.6% in Q3, now owning 198,970 shares worth over $12 million. Realty Income, a real estate investment trust (REIT), reported Q3 EPS of $1.08 with an 11% revenue increase year-over-year, and maintains a monthly dividend of $0.27, yielding around 5.0%. Despite a high payout ratio and a “Hold” average analyst rating, the company benefits from strong occupancy, a diversified tenant base, and potential tailwinds from falling interest rates.

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