Vornado Realty Trust (NYSE:VNO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Vornado Realty Trust (NYSE:VNO) have earned an average recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $37.61.

VNO has been the subject of a number of research reports. Piper Sandler reiterated a “neutral” rating and set a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Truist Financial lifted 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. Scotiabank upped their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Evercore ISI lifted their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in Vornado Realty Trust by 2.0% during the second quarter. Victory Capital Management Inc. now owns 53,612 shares of the real estate investment trust’s stock worth $1,409,000 after purchasing an additional 1,055 shares during the period. Arizona State Retirement System grew its stake in Vornado Realty Trust by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 45,327 shares of the real estate investment trust’s stock valued at $1,192,000 after buying an additional 868 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in Vornado Realty Trust by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 140,749 shares of the real estate investment trust’s stock valued at $3,700,000 after acquiring an additional 832 shares during the period. Jupiter Asset Management Ltd. lifted its position in Vornado Realty Trust by 91.3% during the second quarter. Jupiter Asset Management Ltd. now owns 852,723 shares of the real estate investment trust’s stock worth $22,418,000 after acquiring an additional 406,965 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its holdings in shares of Vornado Realty Trust by 31.7% during the second quarter. Meeder Advisory Services Inc. now owns 10,409 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 2,507 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Trading Down 0.9 %

NYSE:VNO opened at $39.99 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. The business’s 50-day simple moving average is $42.67 and its 200-day simple moving average is $36.98. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The stock has a market capitalization of $7.62 billion, a PE ratio of -137.90 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO) last released its quarterly 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 net margin of 0.46% and a return on equity of 1.72%. The company had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. During the same quarter last year, the company earned $0.66 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. Sell-side analysts expect that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.74 dividend. 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 annualized dividend and a yield of 7.40%. Vornado Realty Trust’s dividend payout ratio is currently -255.17%.

Vornado Realty Trust Company Profile

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