Vornado Realty Trust (VNO) Projected to Post Earnings on Monday

Vornado Realty Trust (NYSE:VNO) is expected to be releasing its earnings data after the market closes on Monday, February 10th. Analysts expect Vornado Realty Trust to post earnings of ($0.05) per share and revenue of $447.45 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Vornado Realty Trust Stock Down 0.6 %

Shares of NYSE VNO opened at $42.97 on Friday. The stock has a 50 day moving average price of $42.17 and a 200 day moving average price of $39.00. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of -148.17 and a beta of 1.62. 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.

Vornado Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 6.89%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. Vornado Realty Trust’s dividend payout ratio is currently -255.17%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VNO. Compass Point lifted their price objective on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Scotiabank boosted their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Piper Sandler reissued a “neutral” rating and set a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Finally, Truist Financial upped their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.61.

Vornado Realty Trust Company Profile

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