Vornado Realty Trust (NYSE:VNO) Receives Average Rating of “Hold” from Brokerages

Shares of Vornado Realty Trust (NYSE:VNO) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $38.4615.

A number of research analysts have weighed in on the stock. Truist Financial cut their price objective on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Evercore ISI dropped their target price on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. JPMorgan Chase & Co. raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 target price on the stock in a research note on Monday, November 24th. LADENBURG THALM/SH SH initiated coverage on Vornado Realty Trust in a report on Monday, October 13th. They issued a “buy” rating and a $48.00 price target on the stock. Finally, Piper Sandler decreased their price target on Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in Vornado Realty Trust by 18.3% during the 1st quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock valued at $1,017,000 after buying an additional 4,251 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Vornado Realty Trust by 18.7% during the 1st quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock worth $1,903,000 after buying an additional 8,189 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Vornado Realty Trust by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock valued at $22,705,000 after acquiring an additional 112,956 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Vornado Realty Trust in the first quarter worth about $3,341,000. Finally, Strs Ohio bought a new position in Vornado Realty Trust during the 1st quarter worth about $1,175,000. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Trading Down 0.8%

Shares of VNO stock opened at $34.25 on Tuesday. The company has a market cap of $6.58 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 5.94 and a beta of 1.49. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $45.37. The stock’s 50 day simple moving average is $34.69 and its two-hundred day simple moving average is $37.52. The company has a debt-to-equity ratio of 1.42, a current ratio of 5.58 and a quick ratio of 5.58.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. Vornado Realty Trust had a return on equity of 19.48% and a net margin of 49.91%.The business had revenue of $453.70 million during the quarter, compared to analyst estimates of $435.19 million. During the same period last year, the company earned $0.52 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Thursday, December 18th were given a dividend of $0.74 per share. This represents a dividend yield of 220.0%. The ex-dividend date was Thursday, December 18th. Vornado Realty Trust’s dividend payout ratio (DPR) is 17.62%.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.