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

Shares of Vornado Realty Trust (NYSE:VNO - Get Free Report) have been given a consensus rating of "Hold" by the eleven research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $37.61.

A number of analysts recently commented on VNO shares. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Barclays increased their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an "underweight" rating in a research report on Monday, October 28th. Compass Point raised their price objective 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. StockNews.com upgraded Vornado Realty Trust to a "sell" rating in a research report on Tuesday, November 12th. Finally, Evercore ISI raised their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th.

Vornado Realty Trust Stock Performance

VNO traded up $0.66 on Tuesday, reaching $43.24. The company had a trading volume of 1,356,811 shares, compared to its average volume of 1,173,578. 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 company's fifty day moving average is $42.23 and its 200 day moving average is $38.53. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The stock has a market cap of $8.24 billion, a P/E ratio of -149.11 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The firm had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. During the same period last year, the company posted $0.66 EPS. The business's revenue was down 1.7% on a year-over-year basis. As a group, analysts predict 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. Investors of record on Monday, December 16th were paid a dividend of $0.74 per share. 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 yield of 6.85%. The ex-dividend date was Monday, December 16th. Vornado Realty Trust's dividend payout ratio (DPR) is currently -255.17%.

Hedge Funds Weigh In On Vornado Realty Trust

A number of large investors have recently made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new stake in shares of Vornado Realty Trust during the fourth quarter worth $32,000. UMB Bank n.a. lifted its position in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 268 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Vornado Realty Trust by 1,014.0% in the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 872 shares in the last quarter. Blue Trust Inc. increased its stake in Vornado Realty Trust by 331.0% during the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 844 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 661 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

About Vornado Realty Trust

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