Media headlines about Realty Income (NYSE:O) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Realty Income earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.0827606197739 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Ask The Taxgirl: The $10,000 SALT Cap & Rental Real Estate (forbes.com)
- Tax Reform: How It May Impact Real Estate Professionals (rismedia.com)
- How real estate investors can cash in under new tax law (sfchronicle.com)
- Realty Income: Strong Buy Under $50 – Realty Income Corporation … – Seeking Alpha (seekingalpha.com)
- Realty Income (O) versus Washington Real Estate Investment Trust (WRE) Head-To-Head Comparison (americanbankingnews.com)
Several equities analysts have recently weighed in on O shares. B. Riley restated a “neutral” rating on shares of Realty Income in a report on Wednesday, November 1st. FBR & Co set a $56.00 price objective on Realty Income and gave the company a “hold” rating in a report on Thursday, October 26th. Vetr upgraded Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective for the company in a report on Thursday, October 19th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Realty Income in a research note on Thursday, October 26th. Finally, Capital One Financial reiterated an “equal weight” rating on shares of Realty Income in a research note 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. Realty Income presently has an average rating of “Hold” and an average price target of $64.09.
Shares of Realty Income (NYSE O) opened at $52.72 on Friday. 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 has a 1 year low of $52.63 and a 1 year high of $63.60. The firm has a market cap of $14,855.71, a P/E ratio of 43.21, a PEG ratio of 4.00 and a beta of 0.29.
Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $306.90 million during the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. analysts predict that Realty Income will post 2.89 EPS for the current year.
The company also recently disclosed a jan 17 dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were paid a $0.2125 dividend. This represents a yield of 4.48%. This is a boost from Realty Income’s previous jan 17 dividend of $0.21. The ex-dividend date of this dividend was Friday, December 29th. Realty Income’s dividend payout ratio (DPR) is 209.02%.
In other news, CFO Paul M. Meurer sold 5,603 shares of Realty Income stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction 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 Realty Income stock in a transaction on Friday, November 10th. The stock was sold at an average price of $56.45, for a total transaction of $98,561.70. Following the transaction, the senior vice president now owns 14,913 shares in the company, valued at approximately $841,838.85. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.
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About Realty Income
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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