Compass Point Increases Vornado Realty Trust (NYSE:VNO) Price Target to $44.00

Vornado Realty Trust (NYSE:VNO) had its price objective increased by Compass Point from $40.00 to $44.00 in a research report sent to investors on Wednesday,Benzinga reports. Compass Point currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently issued reports on the company. Truist Financial boosted their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Evercore ISI boosted their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Scotiabank boosted their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Barclays boosted their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Finally, StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $37.98.

Vornado Realty Trust Stock Down 1.3 %

Shares of NYSE:VNO opened at $42.15 on Wednesday. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The company has a 50-day simple moving average of $42.13 and a 200 day simple moving average of $39.46. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. Research analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a dividend of $0.74 per share. The ex-dividend date was Monday, December 16th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a dividend yield of 7.02%. Vornado Realty Trust’s dividend payout ratio is -255.17%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP increased its holdings in shares of Vornado Realty Trust by 112.0% during the third quarter. Quantbot Technologies LP now owns 130,258 shares of the real estate investment trust’s stock worth $5,132,000 after buying an additional 68,813 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Vornado Realty Trust during the fourth quarter worth $4,015,000. JPMorgan Chase & Co. increased its holdings in shares of Vornado Realty Trust by 232.8% during the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after buying an additional 2,468,652 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Vornado Realty Trust by 38.5% during the third quarter. Raymond James & Associates now owns 196,307 shares of the real estate investment trust’s stock worth $7,735,000 after buying an additional 54,539 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Vornado Realty Trust by 428.3% during the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after buying an additional 2,286,997 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.