Vornado Realty Trust (NYSE:VNO) Upgraded to "Outperform" at Mizuho

Mizuho upgraded shares of Vornado Realty Trust (NYSE:VNO - Free Report) from a neutral rating to an outperform rating in a research report report published on Tuesday morning, Marketbeat.com reports. Mizuho currently has $48.00 target price on the real estate investment trust's stock, up from their prior target price of $38.00.

VNO has been the subject of several other reports. StockNews.com raised shares of Vornado Realty Trust to a "sell" rating in a research note on Tuesday, November 12th. Piper Sandler reaffirmed a "neutral" rating and set a $44.00 price target (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Scotiabank raised their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Evercore ISI raised their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Finally, Truist Financial raised their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $37.61.

Vornado Realty Trust Stock Down 2.4 %

VNO stock traded down $0.98 during mid-day trading on Tuesday, hitting $40.31. 1,466,102 shares of the company were exchanged, compared to its average volume of 1,220,676. 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 has a market cap of $7.69 billion, a P/E ratio of -139.00 and a beta of 1.62. The firm's 50 day simple moving average is $42.72 and its 200 day simple moving average is $36.96. 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 issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share 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 was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. On average, sell-side analysts predict that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Vornado Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued 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 dividend yield of 7.34%. This is an increase from Vornado Realty Trust's previous quarterly dividend of $0.30. Vornado Realty Trust's dividend payout ratio (DPR) is currently -255.17%.

Institutional Investors Weigh In On Vornado Realty Trust

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