Bank of Montreal Can Purchases 111,245 Shares of Realty Income Corporation $O

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Bank of Montreal Can increased its stake in Realty Income Corporation by 13.6%, acquiring 111,245 additional shares, bringing its total to 927,469 shares valued at approximately $56.38 million. Realty Income, a real estate investment trust, recently announced its 134th consecutive monthly dividend increase to $0.2705 per share, with an annualized dividend yield near 5%. Analyst sentiment for Realty Income is mixed but improving, with a consensus “Hold” rating and a target price of $66.32, as several firms raised their price targets.

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