Vornado Realty Trust (NYSE:VNO) Receives Average Recommendation of "Hold" from Analysts

Vornado Realty Trust (NYSE:VNO - Get Free Report) has earned a consensus rating of "Hold" from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $36.58.

A number of brokerages have weighed in on VNO. StockNews.com raised shares of Vornado Realty Trust to a "sell" rating in a research note on Tuesday, November 12th. 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 report on Wednesday, November 6th. Truist Financial increased their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. The Goldman Sachs Group boosted their target price on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a "sell" rating in a research report on Thursday, September 12th. Finally, Scotiabank raised their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the company a "sector perform" rating in a report on Friday, October 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in Vornado Realty Trust by 2.0% in the second quarter. Victory Capital Management Inc. now owns 53,612 shares of the real estate investment trust's stock worth $1,409,000 after purchasing an additional 1,055 shares during the period. Arizona State Retirement System raised its stake in Vornado Realty Trust by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 45,327 shares of the real estate investment trust's stock worth $1,192,000 after buying an additional 868 shares during the period. Texas Permanent School Fund Corp raised its stake in Vornado Realty Trust by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 140,749 shares of the real estate investment trust's stock worth $3,700,000 after buying an additional 832 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in Vornado Realty Trust by 91.3% during the second quarter. Jupiter Asset Management Ltd. now owns 852,723 shares of the real estate investment trust's stock worth $22,418,000 after acquiring an additional 406,965 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its stake in Vornado Realty Trust by 31.7% in the second quarter. Meeder Advisory Services Inc. now owns 10,409 shares of the real estate investment trust's stock valued at $274,000 after acquiring an additional 2,507 shares during the period. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Price Performance

NYSE VNO traded down $0.19 during trading hours on Friday, reaching $42.43. 836,832 shares of the company's stock were exchanged, compared to its average volume of 1,150,166. The firm has a fifty day moving average of $42.81 and a 200-day moving average of $36.60. 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 has a one year low of $22.42 and a one year high of $46.63. The stock has a market cap of $8.09 billion, a PE ratio of -146.31 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.61). The business had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. Vornado Realty Trust's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 EPS. On average, equities research 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. Stockholders of record on Monday, December 16th were paid a $0.74 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Vornado Realty Trust's previous quarterly dividend of $0.30. This represents a $2.96 dividend on an annualized basis and a dividend yield of 6.98%. Vornado Realty Trust's dividend payout ratio is -255.17%.

About Vornado Realty Trust

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