Press coverage about Realty Income (NYSE:O) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing 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 media sentiment score of 0.06 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.0823446826949 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Section 8 residents spending more than 80 percent of income on rent: Suit (amny.com)
- RMR Real Estate Income Fund Announces Results of Annual Meeting (bizjournals.com)
- Ben Carson proposes raising rent for low-income Americans receiving federal housing subsidies (brainerddispatch.com)
- Oberoi Realty Q4 net surges 40.37 percent (news.webindia123.com)
- BRIEF-Suntec Real Estate Investment Trust Posts Q1 Net Property Income S$63 Mln (reuters.com)
O has been the subject of several analyst reports. Stifel Nicolaus dropped their target price on Realty Income from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. DA Davidson upgraded Realty Income from a “neutral” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, March 28th. Mizuho reiterated a “hold” rating and issued a $53.00 target price on shares of Realty Income in a research note on Friday, March 2nd. Finally, B. Riley set a $56.00 target price on Realty Income and gave the company a “hold” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.51.
Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.44. The company had revenue of $298.90 million during the quarter, compared to analyst estimates of $301.53 million. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. research analysts anticipate that Realty Income will post 3.16 earnings per share for the current year.
The company also recently declared a may 18 dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be paid a dividend of $0.2195 per share. The ex-dividend date is Monday, April 30th. This represents a yield of 5.25%. Realty Income’s dividend payout ratio is presently 85.95%.
In other Realty Income news, EVP Benjamin N. Fox sold 2,276 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $50.39, for a total transaction of $114,687.64. Following the completion of the sale, the executive vice president now directly owns 17,531 shares in the company, valued at $883,387.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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