Vornado Realty Trust (NYSE:VNO) Given Average Rating of “Hold” by Analysts

Vornado Realty Trust (NYSE:VNOGet Rating) has received an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $32.86.

Several brokerages have recently commented on VNO. Deutsche Bank Aktiengesellschaft reduced their target price on Vornado Realty Trust from $44.00 to $33.00 in a report on Wednesday, July 20th. Truist Financial reduced their price objective on Vornado Realty Trust from $41.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. StockNews.com downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, September 1st. Morgan Stanley reduced their price objective on Vornado Realty Trust from $30.00 to $25.00 and set an “underweight” rating for the company in a research note on Tuesday, July 19th. Finally, BMO Capital Markets downgraded Vornado Realty Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $52.00 to $40.00 in a research note on Tuesday, May 31st.

Vornado Realty Trust Trading Up 2.0 %

Shares of NYSE VNO opened at $26.13 on Tuesday. Vornado Realty Trust has a 12 month low of $25.27 and a 12 month high of $47.26. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 39.59 and a beta of 1.29. The company has a quick ratio of 5.13, a current ratio of 5.13 and a debt-to-equity ratio of 1.53. The business has a fifty day simple moving average of $29.01 and a 200-day simple moving average of $35.82.

Vornado Realty Trust (NYSE:VNOGet Rating) last announced its earnings results on Monday, August 1st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.60). Vornado Realty Trust had a net margin of 11.52% and a return on equity of 3.07%. The company had revenue of $453.49 million for the quarter, compared to analysts’ expectations of $430.43 million. During the same period in the prior year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. Sell-side analysts predict that Vornado Realty Trust will post 3.11 EPS for the current year.

Vornado Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Monday, August 8th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.11%. The ex-dividend date was Friday, August 5th. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 321.22%.

Institutional Investors Weigh In On Vornado Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. MCF Advisors LLC purchased a new stake in shares of Vornado Realty Trust during the 1st quarter worth about $37,000. Silvant Capital Management LLC raised its stake in shares of Vornado Realty Trust by 317.2% during the 1st quarter. Silvant Capital Management LLC now owns 1,118 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 850 shares in the last quarter. UMB Bank N A MO purchased a new stake in shares of Vornado Realty Trust during the 4th quarter worth about $55,000. Herold Advisors Inc. acquired a new position in shares of Vornado Realty Trust during the 1st quarter valued at about $57,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Vornado Realty Trust by 170.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,277 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 804 shares during the last quarter. 74.67% of the stock is owned by hedge funds and other institutional investors.

About Vornado Realty Trust

(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.

Further Reading

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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