Vornado Realty Trust (NYSE:VNO – Get Rating) has been assigned an average rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating and four have given a hold 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 $42.50.
Several research firms have weighed in on VNO. Mizuho began coverage on Vornado Realty Trust in a research report on Friday, April 22nd. They set an “underperform” rating and a $38.00 price target on the stock. Zacks Investment Research downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research note on Wednesday, March 9th. StockNews.com downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, May 9th. Finally, Piper Sandler downgraded Vornado Realty Trust from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $44.00 to $35.00 in a research note on Wednesday, May 4th.
Shares of Vornado Realty Trust stock opened at $35.54 on Friday. The business’s 50 day simple moving average is $39.89 and its 200 day simple moving average is $41.97. Vornado Realty Trust has a 52-week low of $32.48 and a 52-week high of $50.91. The firm has a market cap of $6.81 billion, a PE ratio of 54.68 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a quick ratio of 4.70 and a current ratio of 4.70.
The company also recently declared a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Monday, May 9th were paid a $0.53 dividend. The ex-dividend date was Friday, May 6th. This represents a $2.12 annualized dividend and a yield of 5.97%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 326.16%.
In related news, Director Michael D. Fascitelli sold 119,100 shares of the business’s stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $41.97, for a total value of $4,998,627.00. Following the completion of the sale, the director now directly owns 1,100,451 shares in the company, valued at approximately $46,185,928.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.87% of the company’s stock.
Several large investors have recently added to or reduced their stakes in VNO. Amundi Pioneer Asset Management Inc. lifted its position in shares of Vornado Realty Trust by 22.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 179,376 shares of the real estate investment trust’s stock valued at $12,097,000 after acquiring an additional 32,822 shares during the period. Advisor Group Holdings Inc. lifted its position in shares of Vornado Realty Trust by 3.1% during the 3rd quarter. Advisor Group Holdings Inc. now owns 15,023 shares of the real estate investment trust’s stock valued at $635,000 after acquiring an additional 456 shares during the period. Vident Investment Advisory LLC lifted its position in shares of Vornado Realty Trust by 298.4% during the 3rd quarter. Vident Investment Advisory LLC now owns 23,818 shares of the real estate investment trust’s stock valued at $1,001,000 after acquiring an additional 17,839 shares during the period. Geode Capital Management LLC lifted its position in shares of Vornado Realty Trust by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,518,546 shares of the real estate investment trust’s stock valued at $147,500,000 after acquiring an additional 121,994 shares during the period. Finally, Capitolis Advisors LLC lifted its position in shares of Vornado Realty Trust by 620.0% during the 3rd quarter. Capitolis Advisors LLC now owns 65,762 shares of the real estate investment trust’s stock valued at $2,968,000 after acquiring an additional 56,629 shares during the period. Hedge funds and other institutional investors own 82.19% of the company’s stock.
Vornado Realty Trust Company Profile (Get Rating)
Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.
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