Realty Income Corporation (O) Earning Somewhat Positive Press Coverage, Study Finds
Press coverage about Realty Income Corporation (NYSE:O) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Realty Income Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 47.2865479922442 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Realty Income Corporation (NYSE:O) and Lexington Realty Trust (LXP) Financial Review (americanbankingnews.com)
- Are Analysts Bearish Realty Income Corp (NYSE:O) After Last Week? (newstrendstoday.com)
- Gradient Investments Buys 8731 Company Stocks In Realty Income Corporation (O) (fishinghd.com)
- Realty Income Corporation (O) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Realty Income Corporation (NYSE:O) Experiences Lighter than … – Modern Readers (modernreaders.com)
Several analysts recently issued reports on the stock. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income Corporation in a research report on Thursday, July 27th. Canaccord Genuity assumed coverage on shares of Realty Income Corporation in a research report on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price target for the company. Morgan Stanley lifted their price target on shares of Realty Income Corporation from $91.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. FBR & Co assumed coverage on shares of Realty Income Corporation in a research report on Monday, July 17th. They issued a “market perform” rating and a $56.00 price target for the company. Finally, BidaskClub raised shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $63.68.
Realty Income Corporation (NYSE:O) traded down 0.80% during trading on Thursday, reaching $57.02. 965,042 shares of the company’s stock were exchanged. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $69.40. The firm has a 50 day moving average of $56.35 and a 200-day moving average of $57.96. The stock has a market cap of $15.63 billion, a PE ratio of 48.78 and a beta of 0.32.
Realty Income Corporation (NYSE:O) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. The business had revenue of $300.20 million during the quarter, compared to the consensus estimate of $289.86 million. Realty Income Corporation had a return on equity of 5.14% and a net margin of 29.19%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share. On average, equities research analysts anticipate that Realty Income Corporation will post $1.20 earnings per share for the current fiscal year.
The company also recently disclosed a aug 17 dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a $0.2115 dividend. The ex-dividend date is Friday, July 28th. This represents a yield of 4.63%. Realty Income Corporation’s dividend payout ratio (DPR) is 217.09%.
In other Realty Income Corporation news, Director Priya Cherian Huskins sold 8,000 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $56.23, for a total value of $449,840.00. Following the completion of the transaction, the director now owns 20,513 shares in the company, valued at $1,153,445.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.
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Realty Income Corporation Company Profile
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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