Vornado Realty Trust (NYSE:VNO) Receives $37.98 Average PT from Analysts

Vornado Realty Trust (NYSE:VNO) has earned a consensus rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $38.55.

Several equities research analysts recently weighed in on VNO shares. Truist Financial increased their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Mizuho raised 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. The Goldman Sachs Group lifted their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Evercore ISI raised their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in Vornado Realty Trust in the fourth quarter worth about $729,073,000. Principal Financial Group Inc. boosted its position in shares of Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after purchasing an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Vornado Realty Trust by 232.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after buying an additional 2,468,652 shares during the last quarter. Bamco Inc. NY bought a new position in Vornado Realty Trust during the 3rd quarter valued at approximately $75,347,000. Finally, Invesco Ltd. raised its stake in Vornado Realty Trust by 111.3% during the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust’s stock valued at $131,833,000 after buying an additional 1,651,819 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Price Performance

Shares of NYSE VNO opened at $40.25 on Friday. The stock’s 50-day simple moving average is $41.41 and its two-hundred day simple moving average is $40.22. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The firm has a market capitalization of $7.68 billion, a P/E ratio of 1,006.25, a P/E/G ratio of 9.69 and a beta of 1.62. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

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

Vornado Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date was Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s payout ratio is 1,850.00%.

Vornado Realty Trust Company Profile

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