Vornado Realty Trust (NYSE:VNO) Given Consensus Recommendation of “Hold” by Analysts

Posted by Defense World Staff on Dec 9th, 2024

Shares of Vornado Realty Trust (NYSE:VNO – Get Free Report) have been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $36.58.

Several equities research analysts have recently issued reports on VNO shares. Scotiabank lifted their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Truist Financial boosted their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. The Goldman Sachs Group increased their price objective on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research note on Thursday, September 12th. Finally, Barclays raised their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, October 28th.

View Our Latest Research Report on Vornado Realty Trust

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans grew its holdings in shares of Vornado Realty Trust by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock valued at $1,534,000 after buying an additional 272 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Vornado Realty Trust by 0.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock valued at $2,731,000 after purchasing an additional 299 shares during the last quarter. US Bancorp DE increased its holdings in shares of Vornado Realty Trust by 1.8% in the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock valued at $691,000 after purchasing an additional 311 shares during the period. Vert Asset Management LLC increased its holdings in shares of Vornado Realty Trust by 0.5% in the third quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust’s stock valued at $2,690,000 after purchasing an additional 324 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Vornado Realty Trust by 12.8% in the third quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

NYSE VNO opened at $44.23 on Monday. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of -152.52 and a beta of 1.63. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The company’s 50 day moving average is $42.01 and its two-hundred day moving average is $34.14. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO – Get Free Report) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The firm had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. During the same period in the prior year, the company posted $0.66 EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, research analysts anticipate that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Vornado Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 16th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 6.69%. The ex-dividend date is Monday, December 16th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio (DPR) is currently -103.45%.