Media stories about Realty Income (NYSE:O) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Realty Income earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 47.1403087064838 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Tax Changes Affecting Real Estate Investments (jdsupra.com)
- Put REITs In Retirement (finance.yahoo.com)
- Backed by NRI demand, some realty firms stick to luxury projects (livemint.com)
- Ask The Taxgirl: The $10,000 SALT Cap & Rental Real Estate (forbes.com)
- Tax Reform: How It May Impact Real Estate Professionals (rismedia.com)
Realty Income (O) traded down $0.56 during midday trading on Monday, hitting $52.72. The company had a trading volume of 2,055,500 shares, compared to its average volume of 1,910,000. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. Realty Income has a 12 month low of $52.63 and a 12 month high of $63.60. The firm has a market cap of $14,860.00, a P/E ratio of 43.21, a price-to-earnings-growth ratio of 4.00 and a beta of 0.29.
Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The company had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. During the same quarter last year, the business posted $0.72 EPS. Realty Income’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts anticipate 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 issued a dividend of $0.2125 per share. This is an increase from Realty Income’s previous jan 17 dividend of $0.21. The ex-dividend date was Friday, December 29th. This represents a dividend yield of 4.48%. Realty Income’s dividend payout ratio (DPR) is 209.02%.
Several brokerages have recently issued reports on O. Vetr upgraded Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target on the stock in a research note on Monday, November 20th. Zacks Investment Research lowered Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. B. Riley set a $56.00 price target on Realty Income and gave the company a “hold” rating in a research note on Tuesday, January 2nd. 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Realty Income has a consensus rating of “Hold” and a consensus price target of $64.09.
In other Realty Income news, SVP Joel Tomlinson sold 1,746 shares of Realty Income stock in a transaction dated 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 directly owns 14,913 shares of the company’s stock, valued at approximately $841,838.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul M. Meurer sold 5,603 shares of Realty Income stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $54.75, for a total value of $306,764.25. The disclosure for this sale can be found here. Company 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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