Realty Income (NYSE:O) Receiving Somewhat Favorable Media Coverage, Report Shows
Media coverage about Realty Income (NYSE:O) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Realty Income earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 47.2688702743525 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Real Estate Aspects of Tax Reform (natlawreview.com)
- Here's Where Things Went Wrong for Realty Income Corporation Stock in 2017 (finance.yahoo.com)
- Realty Income Corp (O) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Here’s Where Things Went Wrong for Realty Income Corporation Stock in 2017 (fool.com)
- $1.3 million for a Broadway franchise’s property – Buffalo Business First (bizjournals.com)
Shares of Realty Income (NYSE O) traded down $0.51 during trading hours on Tuesday, reaching $52.54. 614,717 shares of the company’s stock traded hands, compared to its average volume of 1,800,886. Realty Income has a twelve month low of $52.50 and a twelve month high of $63.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $15,275.59, a P/E ratio of 43.48, a P/E/G ratio of 4.11 and a beta of 0.29.
A number of research analysts recently issued reports on the stock. B. Riley reissued a “neutral” rating on shares of Realty Income in a research report on Wednesday, November 1st. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income in a report on Thursday, October 26th. Vetr upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target for the company in a research note on Monday, November 20th. Capital One Financial restated an “equal weight” rating on shares of Realty Income in a research report on Wednesday, October 25th. Finally, Zacks Investment Research lowered shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $64.09.
In other news, CFO Paul M. Meurer sold 5,603 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total value of $306,764.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joel Tomlinson sold 1,746 shares of the company’s 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 completion of the transaction, the senior vice president now owns 14,913 shares in the company, valued at $841,838.85. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
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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