StockNews.com upgraded shares of Vornado Realty Trust (NYSE:VNO - Free Report) from a sell rating to a hold rating in a report issued on Thursday morning.
A number of other analysts have also weighed in on the stock. Barclays upped their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an "underweight" rating in a research note on Monday, October 28th. Scotiabank increased their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a "sector perform" rating in a research report on Friday, October 25th. Evercore ISI raised their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. 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 report on Friday, October 18th. Finally, Compass Point raised their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $37.98.
Read Our Latest Report on Vornado Realty Trust
Vornado Realty Trust Stock Up 1.2 %
Shares of VNO stock traded up $0.51 during trading on Thursday, reaching $42.36. The company's stock had a trading volume of 1,091,783 shares, compared to its average volume of 1,083,044. The stock's 50-day moving average price is $42.06 and its 200 day moving average price is $39.70. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of -146.08 and a beta of 1.62. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. On average, research analysts anticipate that Vornado Realty Trust will post 2.16 EPS for the current year.
Vornado Realty Trust Increases Dividend
The firm 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. The ex-dividend date was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a yield of 6.99%. This is a boost from Vornado Realty Trust's previous quarterly dividend of $0.30. Vornado Realty Trust's dividend payout ratio is currently -255.17%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. UMB Bank n.a. lifted its stake in shares of 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 purchasing an additional 268 shares during the period. Thrivent Financial for Lutherans grew its holdings in Vornado Realty Trust by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust's stock valued at $1,534,000 after buying an additional 272 shares during the period. Assetmark Inc. lifted its holdings in shares of Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 286 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Vornado Realty Trust by 0.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust's stock worth $2,731,000 after acquiring an additional 299 shares during the last quarter. Finally, US Bancorp DE increased its position in Vornado Realty Trust by 1.8% during the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust's stock worth $691,000 after purchasing an additional 311 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.
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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