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

Shares of Vornado Realty Trust (NYSE:VNO) have received a consensus recommendation of “Hold” from the fourteen research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $38.3077.

VNO has been the subject of a number of analyst reports. 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 for the company. JPMorgan Chase & Co. raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective on the stock in a report on Monday, November 24th. Mizuho reduced their target price on Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Finally, Evercore cut their price objective on shares of 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.

Vornado Realty Trust Price Performance

VNO opened at $31.29 on Friday. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 5.28 and a beta of 1.52. The company has a quick ratio of 5.58, a current ratio of 5.58 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $33.48 and a 200-day moving average price of $36.72. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $45.37.

Vornado Realty Trust Announces Dividend

The company also recently declared an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Thursday, December 18th were issued a $0.74 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a dividend yield of 220.0%. Vornado Realty Trust’s dividend payout ratio is presently 17.62%.

Institutional Investors Weigh In On Vornado Realty Trust

Several large investors have recently added to or reduced their stakes in VNO. US Bancorp DE increased its stake in Vornado Realty Trust by 1.3% in the 2nd quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock worth $786,000 after acquiring an additional 259 shares during the last quarter. Spire Wealth Management increased its position in shares of Vornado Realty Trust by 19.6% in the third quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 275 shares during the last quarter. Bfsg LLC increased its position in shares of Vornado Realty Trust by 5.9% in the third quarter. Bfsg LLC now owns 5,036 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 280 shares during the last quarter. Amalgamated Bank raised its stake in Vornado Realty Trust by 0.4% in the second quarter. Amalgamated Bank now owns 76,695 shares of the real estate investment trust’s stock valued at $2,933,000 after purchasing an additional 314 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Vornado Realty Trust by 4.7% during the second quarter. ProShare Advisors LLC now owns 7,403 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

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.