Vanguard Trims Realty Income Stake to 11.6% as of Dec 29, 2023

TL;DR

**Vanguard slightly cut its stake in Realty Income to 11.6%.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment (SC 13G/A) on February 13, 2024, updating its ownership in Realty Income Corp. As of December 29, 2023, Vanguard reported holding 100,536,366 shares of Realty Income's Common Stock, representing 11.6% of the company's total outstanding shares. This is a slight decrease from their previous reported ownership of 11.7% in their last filing, indicating a minor reduction in their stake. This matters to investors because Vanguard is a significant institutional holder, and changes in their position can signal their sentiment about the stock's future prospects.

Why It Matters

This filing shows that a major institutional investor, Vanguard, slightly reduced its ownership in Realty Income, which could be interpreted as a minor shift in their investment strategy or outlook for the company.

Risk Assessment

Risk Level: low — The change in ownership is minor and from a passive institutional investor, posing minimal immediate risk to the stock.

Analyst Insight

A smart investor would note this minor reduction in Vanguard's stake but recognize it's a passive fund. This change alone isn't a strong buy/sell signal but warrants monitoring future institutional ownership changes and Realty Income's fundamentals.

Key Numbers

• 100,536,366 — Shares Beneficially Owned (Represents the total number of Realty Income shares Vanguard holds.)
• 11.6% — Percentage of Class (Indicates Vanguard's significant ownership stake in Realty Income.)
• 0 — Sole Voting Power (Shows Vanguard does not have sole voting power over any shares, typical for passive funds.)
• 100,536,366 — Shared Voting Power (Indicates Vanguard shares voting power over all its held shares, common for index funds.)
• 100,536,366 — Shared Dispositive Power (Shows Vanguard shares the power to sell or dispose of all its held shares.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Realty Income Corp (company) — the issuer of the securities
• 100,536,366 (dollar_amount) — number of shares beneficially owned by Vanguard
• 11.6% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will continue to be a significant long-term holder of Realty Income Corp, maintaining an ownership stake above 10%. (The Vanguard Group) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• tv01792-realtyincomecorp.htm (SC 13G/A) — 11KB
• 0001104659-24-021806.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Realty Income Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 11995 El Camino Real San Diego, CA 92130-2539

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 756109104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR