Realty Income Corporation (NYSE:O) Receiving Somewhat Positive Media Coverage, Report Shows
Media stories about Realty Income Corporation (NYSE:O) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Realty Income Corporation earned a news impact score of 0.12 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 77 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Realty Income Corporation (O) Rating Reiterated by Stifel Nicolaus (americanbankingnews.com)
- ETFs with exposure to Realty Income Corp. : July 14, 2017 (finance.yahoo.com)
- Realty Income Corporation (O) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- 565th Consecutive Common Stock Monthly Dividend Declared By Realty Income – PR Newswire (press release) (prnewswire.com)
Shares of Realty Income Corporation (NYSE:O) opened at 56.25 on Friday. The firm’s 50-day moving average price is $55.32 and its 200-day moving average price is $58.21. The firm has a market capitalization of $15.36 billion, a P/E ratio of 49.00 and a beta of 0.31. Realty Income Corporation has a 12-month low of $52.72 and a 12-month high of $72.30.
Realty Income Corporation (NYSE:O) last announced its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The company had revenue of $298.03 million for the quarter, compared to analysts’ expectations of $281.11 million. Realty Income Corporation had a net margin of 29.47% and a return on equity of 5.16%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.70 earnings per share. Equities analysts predict that Realty Income Corporation will post $1.23 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. Investors of record on Tuesday, August 1st will be paid a $0.2115 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a yield of 4.63%. Realty Income Corporation’s dividend payout ratio (DPR) is 222.81%.
Several equities analysts recently issued reports on O shares. Zacks Investment Research lowered Realty Income Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. BidaskClub upgraded Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Finally, Stifel Nicolaus restated a “buy” rating and set a $65.00 price target on shares of Realty Income Corporation in a research note on Friday. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $63.15.
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In related news, Director Priya Cherian Huskins sold 8,000 shares of Realty Income Corporation stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $56.23, for a total value of $449,840.00. Following the transaction, the director now directly owns 20,513 shares of the company’s stock, valued at $1,153,445.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.
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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