Analysts Set Vornado Realty Trust (NYSE:VNO) PT at $37.61

Shares of Vornado Realty Trust (NYSE:VNO) have been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $37.61.

Several equities research analysts recently commented on VNO shares. Compass Point lifted their price objective on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Piper Sandler restated a “neutral” rating and set a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Truist Financial lifted their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, Barclays increased their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th.

Vornado Realty Trust Trading Up 4.5 %

NYSE:VNO opened at $42.58 on Tuesday. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of -146.82 and a beta of 1.62. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. The company’s 50 day moving average price is $42.23 and its 200-day moving average price is $38.53. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued 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). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter in the prior year, the business posted $0.66 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a yield of 6.95%. Vornado Realty Trust’s payout ratio is -255.17%.

Institutional Trading of Vornado Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of VNO. ORG Wealth Partners LLC purchased a new position in shares of Vornado Realty Trust during the 4th quarter valued at about $32,000. UMB Bank n.a. lifted its holdings in Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 268 shares in the last quarter. Versant Capital Management Inc boosted its position 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 purchasing an additional 872 shares during the period. Blue Trust Inc. boosted its position in shares of Vornado Realty Trust by 331.0% in the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 844 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Vornado Realty Trust by 122.2% in the third 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 in 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.