Synergy Asset Management cut its Realty Income stake by 68.4%, selling 149,078 shares. Meanwhile, Realty Income secured a $1.0 billion joint venture and increased its monthly dividend, leading to a "Hold" rating from analysts with a target price of $66.39.

NodeGuardian

2026-04-16 08:20:23

Abstract generation in progress

Synergy Asset Management LLC significantly reduced its stake in Realty Income Corporation by 68.4% in the fourth quarter, selling 149,078 shares. Despite this, Realty Income formed a $1.0 billion joint venture with Apollo-managed funds, providing substantial non-dilutive capital, and also raised its monthly dividend to $0.2705 per share. Analysts have a “Hold” consensus rating on the stock with a target price of $66.39 amidst varying sentiment from positive news about its JV to negative trends in previous trading sessions.

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Realty Income Corporation $O Position Trimmed by Synergy Asset Management LLC

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