Vornado Realty Trust (NYSE:VNO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Vornado Realty Trust (NYSE:VNO) have been assigned an average rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $36.58.

Several research analysts have commented on VNO shares. Truist Financial raised their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Scotiabank boosted 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 note on Friday, October 25th. Piper Sandler reiterated a “neutral” rating and issued a $44.00 target price (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Barclays boosted their price target 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. Finally, Evercore ISI increased their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th.

Vornado Realty Trust Trading Up 1.4 %

Shares of Vornado Realty Trust stock opened at $42.62 on Friday. The stock has a market capitalization of $8.13 billion, a P/E ratio of -146.97 and a beta of 1.63. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The stock’s 50-day simple moving average is $42.82 and its 200 day simple moving average is $36.48.

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

Vornado Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a dividend yield of 6.95%. Vornado Realty Trust’s dividend payout ratio is -255.17%.

Institutional Trading of Vornado Realty Trust

A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Vornado Realty Trust by 331.0% in the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 844 shares during the last quarter. Assetmark Inc. raised its position in Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Vornado Realty Trust in the second quarter worth $48,000. Quarry LP purchased a new stake in Vornado Realty Trust during the third quarter valued at about $54,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Vornado Realty Trust by 42.5% during the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 665 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.