Realty Income (O) Receiving Somewhat Favorable Press Coverage, Study Finds
News coverage about Realty Income (NYSE:O) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Realty Income earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 47.5974379456368 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- 20 Dividend Stocks to Fund 20 Years of Retirement (finance.yahoo.com)
- Realty Income (O) Given a $58.00 Price Target by Mizuho Analysts (americanbankingnews.com)
- Realty Income (O) Price Target Increased to $57.50 by Analysts at Bank of America (americanbankingnews.com)
- CBRE Clarion Global Real Estate Income Fund IGR Declares Monthly Distribution for August (marketwatch.com)
- EARNINGS: Viacom jumps, horror movie ‘A Quiet Place’ drives profits higher (sports.yahoo.com)
A number of equities research analysts have recently issued reports on O shares. Bank of America increased their target price on Realty Income from $53.50 to $57.50 and gave the company a “neutral” rating in a research note on Monday. Mizuho set a $58.00 target price on Realty Income and gave the company a “hold” rating in a research note on Monday. ValuEngine upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Zacks Investment Research lowered Realty Income from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Finally, DA Davidson set a $65.00 target price on Realty Income and gave the company a “buy” rating in a research note on Thursday, May 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Realty Income presently has an average rating of “Hold” and a consensus 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.45). Realty Income had a net margin of 25.96% and a return on equity of 5.05%. The company had revenue of $328.90 million during the quarter, compared to analyst estimates of $311.95 million. During the same quarter last year, the business posted $0.76 EPS. Realty Income’s quarterly revenue was up 9.6% compared to the same quarter last year. equities analysts predict that Realty Income will post 3.18 earnings per share for the current year.
The firm also recently disclosed a aug 18 dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 1st will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, July 31st. This represents a yield of 4.73%. Realty Income’s dividend payout ratio (DPR) is presently 86.27%.
In other Realty Income news, Director Kathleen Allen sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 78,000 shares in the company, valued at approximately $4,098,900. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael R. Pfeiffer sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $57.63, for a total value of $576,300.00. Following the sale, the executive vice president now owns 37,655 shares of the company’s stock, valued at approximately $2,170,057.65. The disclosure for this sale can be found here. In 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 insiders.
Realty Income Company Profile
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: Book Value Per Share – BVPS
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