Vornado Realty Trust (NYSE:VNO) Sets New 1-Year Low at $29.89

Vornado Realty Trust (NYSE:VNOGet Rating)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $29.89 and last traded at $29.89, with a volume of 3390 shares traded. The stock had previously closed at $31.28.

A number of equities analysts have recently commented on the company. BMO Capital Markets downgraded Vornado Realty Trust from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $52.00 to $40.00 in a report on Tuesday, May 31st. Morgan Stanley dropped their target price on Vornado Realty Trust from $39.00 to $30.00 and set an “underweight” rating on the stock in a report on Wednesday, June 1st. Mizuho assumed coverage on Vornado Realty Trust in a report on Friday, April 22nd. They set an “underperform” rating and a $38.00 target price on the stock. StockNews.com downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, May 9th. Finally, Piper Sandler downgraded Vornado Realty Trust from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $44.00 to $35.00 in a report on Wednesday, May 4th. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.33.

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 firm has a fifty day simple moving average of $37.39 and a 200-day simple moving average of $41.14. The company has a market capitalization of $5.68 billion, a PE ratio of 48.12 and a beta of 1.25.

Vornado Realty Trust (NYSE:VNOGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.08. Vornado Realty Trust had a return on equity of 2.90% and a net margin of 11.96%. During the same quarter in the prior year, the firm posted $0.65 EPS. As a group, research analysts anticipate that Vornado Realty Trust will post 3.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Monday, May 9th were given a $0.53 dividend. The ex-dividend date was Friday, May 6th. This represents a $2.12 annualized dividend and a dividend yield of 7.15%. Vornado Realty Trust’s payout ratio is 326.16%.

In related news, Director Michael D. Fascitelli sold 119,100 shares of the business’s stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of $41.97, for a total transaction of $4,998,627.00. Following the completion of the transaction, the director now owns 1,100,451 shares in the company, valued at approximately $46,185,928.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.87% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in VNO. CWM LLC bought a new stake in Vornado Realty Trust during the 4th quarter valued at $26,000. MCF Advisors LLC bought a new stake in shares of Vornado Realty Trust in the 1st quarter worth $37,000. Silvant Capital Management LLC raised its stake in shares of Vornado Realty Trust by 317.2% in the 1st quarter. Silvant Capital Management LLC now owns 1,118 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 850 shares in the last quarter. UMB Bank N A MO bought a new stake in shares of Vornado Realty Trust in the 4th quarter worth $55,000. Finally, Herold Advisors Inc. bought a new stake in shares of Vornado Realty Trust in the 1st quarter worth $57,000. 82.19% of the stock is currently owned by hedge funds and other institutional investors.

About Vornado Realty Trust (NYSE:VNO)

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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