Vornado Realty Trust (NYSE:VNO - Get Free Report) released its quarterly earnings results on Monday. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.66, Zacks reports. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%.
Vornado Realty Trust Price Performance
Shares of VNO stock traded down $0.32 during mid-day trading on Thursday, reaching $41.81. The company's stock had a trading volume of 1,731,055 shares, compared to its average volume of 1,218,009. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The company has a market cap of $7.97 billion, a P/E ratio of -144.18 and a beta of 1.62. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The firm's 50-day moving average is $42.13 and its two-hundred day moving average is $39.46.
Vornado Realty Trust Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.74 dividend. This is a boost from Vornado Realty Trust's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.08%. Vornado Realty Trust's dividend payout ratio is currently -255.17%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Mizuho upgraded shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Truist Financial boosted their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Piper Sandler reissued a "neutral" rating and issued a $44.00 target price (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. StockNews.com upgraded shares of Vornado Realty Trust to a "sell" rating in a research note on Tuesday, November 12th. Finally, Evercore ISI boosted their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $37.98.
Check Out Our Latest Stock Analysis on VNO
Vornado Realty Trust Company Profile
(
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Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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