Realty Income (O) Receiving Somewhat Positive Press Coverage, Analysis Shows
News coverage about Realty Income (NYSE:O) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Realty Income earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 47.2688702743525 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- $308.09 Million in Sales Expected for Realty Income Corp (O) This Quarter (americanbankingnews.com)
- Zacks: Brokerages Anticipate Realty Income Corp (O) Will Announce Earnings of $0.69 Per Share (americanbankingnews.com)
- Realty Income Corp (O) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Realty Income Names Benjamin N. Fox Executive Vice President, Portfolio & Asset Management (finance.yahoo.com)
- B. Riley Brokers Increase Earnings Estimates for Realty Income Corp (O) (americanbankingnews.com)
Shares of Realty Income (NYSE O) traded down $0.05 during mid-day trading on Friday, reaching $55.21. 1,430,000 shares of the company were exchanged, compared to its average volume of 1,760,000. Realty Income has a fifty-two week low of $52.85 and a fifty-two week high of $63.60. The company has a market capitalization of $15,560.00, a price-to-earnings ratio of 45.25, a P/E/G ratio of 4.19 and a beta of 0.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26.
Realty Income (NYSE:O) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The business had revenue of $306.90 million for the quarter, compared to analyst estimates of $292.73 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Realty Income’s revenue was up 10.8% compared to the same quarter last year. equities analysts anticipate that Realty Income will post 2.91 EPS for the current fiscal year.
The firm also recently declared a jan 17 dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be issued a $0.2125 dividend. This represents a yield of 4.48%. The ex-dividend date of this dividend is Friday, December 29th. This is a positive change from Realty Income’s previous jan 17 dividend of $0.21. Realty Income’s payout ratio is 209.02%.
A number of research firms have recently commented on O. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target on the stock in a research report on Monday, November 20th. Zacks Investment Research lowered shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. B. Riley set a $56.00 target price on shares of Realty Income and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income in a research report on Thursday, October 26th. Finally, Capital One Financial reaffirmed an “equal weight” rating on shares of Realty Income in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $64.09.
In other Realty Income news, CFO Paul M. Meurer sold 5,603 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total value of $306,764.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joel Tomlinson sold 1,746 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $56.45, for a total transaction of $98,561.70. Following the completion of the sale, the senior vice president now directly owns 14,913 shares in the company, valued at approximately $841,838.85. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
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Realty Income 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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