Realty Income (O) Earns News Impact Score of 0.11
Headlines about Realty Income (NYSE:O) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Realty Income earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 47.521200172678 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern’s rankings:
- Realty Income Corp (O) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Zacks: Analysts Anticipate Realty Income Corp (O) Will Announce Quarterly Sales of $332.60 Million (americanbankingnews.com)
- PNC Faces Subpoena Over Low-Income Housing Tax Credits (nreionline.com)
- GRIT REAL ESTATE INCOME GROUP LIMITED – Distribution Of Circular And Notice Of Special Meeting (moneyweb.co.za)
- Zacks: Analysts Expect Realty Income Corp (O) to Announce $0.79 Earnings Per Share (americanbankingnews.com)
A number of analysts recently issued reports on the company. DA Davidson set a $65.00 price objective on Realty Income and gave the company a “buy” rating in a research note on Thursday, May 10th. ValuEngine upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Bank of America boosted their price objective on Realty Income from $53.50 to $57.50 and gave the company a “neutral” rating in a research note on Monday, August 13th. Mizuho set a $58.00 price objective on Realty Income and gave the company a “hold” rating in a research note on Monday, August 13th. Finally, Zacks Investment Research lowered Realty Income from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Realty Income presently has a consensus rating of “Hold” and an average target price of $58.90.
Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.45). Realty Income had a return on equity of 5.05% and a net margin of 25.96%. The business had revenue of $328.90 million for the quarter, compared to analysts’ expectations of $311.95 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Realty Income’s quarterly revenue was up 9.6% compared to the same quarter last year. equities research analysts predict that Realty Income will post 3.18 earnings per share for the current fiscal year.
The firm also recently announced a aug 18 dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st were given a dividend of $0.22 per share. This represents a yield of 4.73%. The ex-dividend date of this dividend was Tuesday, July 31st. Realty Income’s payout ratio is 86.27%.
In related news, Director Kathleen Allen sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $52.55, for a total transaction of $210,200.00. Following the completion of the transaction, the director now directly owns 78,000 shares in the company, valued at $4,098,900. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John Case sold 35,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $57.70, for a total value of $2,019,500.00. Following the transaction, the chief executive officer now owns 158,961 shares of the company’s stock, valued at $9,172,049.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,967 shares of company stock valued at $4,645,510. 0.20% of the stock is owned by company insiders.
About Realty Income
Realty Income, The Monthly Dividend Company<sup>®</sup>, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,300 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
Further Reading: Fundamental Analysis
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