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

Vornado Realty Trust (NYSE:VNO) has received an average recommendation of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $37.98.

Several equities analysts recently commented on the stock. Barclays increased their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Scotiabank increased their target price 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 raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their target price for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Compass Point raised their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VNO. Creative Planning lifted its position in Vornado Realty Trust by 16.5% during the 3rd quarter. Creative Planning now owns 30,971 shares of the real estate investment trust’s stock valued at $1,220,000 after acquiring an additional 4,389 shares during the period. Blue Trust Inc. lifted its position in Vornado Realty Trust by 331.0% during the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 844 shares during the period. Raymond James & Associates lifted its position in Vornado Realty Trust by 38.5% during the 3rd quarter. Raymond James & Associates now owns 196,307 shares of the real estate investment trust’s stock valued at $7,735,000 after acquiring an additional 54,539 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Vornado Realty Trust by 19.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 243,211 shares of the real estate investment trust’s stock valued at $9,583,000 after acquiring an additional 39,481 shares during the period. Finally, Ballentine Partners LLC purchased a new position in Vornado Realty Trust during the 3rd quarter valued at about $268,000. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock opened at $38.80 on Friday. The firm’s fifty day moving average price is $41.66 and its 200-day moving average price is $39.97. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The stock has a market cap of $7.41 billion, a P/E ratio of 970.10, a price-to-earnings-growth ratio of 10.08 and a beta of 1.62. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, equities research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.74 per share. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.63%. Vornado Realty Trust’s payout ratio is presently 1,850.00%.

About Vornado Realty Trust

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