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

Shares of Vornado Realty Trust (NYSE:VNO) have been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $37.00.

VNO has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Vornado Realty Trust in a research note on Monday, December 29th. Wall Street Zen downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Barclays decreased their target price on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, February 26th. Scotiabank cut their price target on Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Piper Sandler decreased their price objective on Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th.

Institutional Investors Weigh In On Vornado Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in VNO. Danske Bank A S acquired a new stake in shares of Vornado Realty Trust during the third quarter worth about $28,000. Farmers & Merchants Investments Inc. lifted its position in Vornado Realty Trust by 512.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 718 shares during the period. Advisory Services Network LLC acquired a new stake in Vornado Realty Trust during the 3rd quarter worth approximately $33,000. Employees Retirement System of Texas purchased a new position in shares of Vornado Realty Trust in the 4th quarter valued at approximately $36,000. Finally, Westside Investment Management Inc. increased its holdings in shares of Vornado Realty Trust by 100.0% in the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 443 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $27.50 on Wednesday. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 1.44. Vornado Realty Trust has a 52 week low of $25.71 and a 52 week high of $43.37. The firm’s 50 day moving average is $31.59 and its two-hundred day moving average is $35.62. The firm has a market capitalization of $5.24 billion, a P/E ratio of 6.56, a P/E/G ratio of 1.35 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The company had revenue of $453.71 million for the quarter, compared to analysts’ expectations of $440.23 million. Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, December 29th. Investors of record on Thursday, December 18th were paid a dividend of $0.74 per share. The ex-dividend date was Thursday, December 18th. This represents a yield of 220.0%. Vornado Realty Trust’s dividend payout ratio is currently 17.66%.

About Vornado Realty Trust

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.