Brokerages Set Vornado Realty Trust (NYSE:VNO) PT at $37.61

Shares of Vornado Realty Trust (NYSE:VNO) have been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $37.61.

Several equities analysts recently issued reports on the company. Scotiabank raised their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Truist Financial lifted their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Compass Point raised their price target on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $42.09 on Tuesday. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63. The company has a fifty day moving average of $42.22 and a 200-day moving average of $38.85.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter in the previous year, the company earned $0.66 earnings per share. The business’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Vornado Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.74 per share. The ex-dividend date was Monday, December 16th. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a dividend yield of 7.03%. Vornado Realty Trust’s payout ratio is currently -255.17%.

Hedge Funds Weigh In On Vornado Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its holdings in Vornado Realty Trust by 112.0% in the third quarter. Quantbot Technologies LP now owns 130,258 shares of the real estate investment trust’s stock worth $5,132,000 after acquiring an additional 68,813 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Vornado Realty Trust by 232.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after purchasing an additional 2,468,652 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Vornado Realty Trust in the 4th quarter worth about $4,015,000. Raymond James & Associates grew its position in Vornado Realty Trust by 38.5% during the 3rd quarter. Raymond James & Associates now owns 196,307 shares of the real estate investment trust’s stock valued at $7,735,000 after purchasing an additional 54,539 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after purchasing an additional 2,286,997 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

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