Vornado Realty Trust (NYSE:VNO – Get Free Report) has received a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $37.61.
A number of analysts recently 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. StockNews.com upgraded shares of Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Scotiabank upped their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Truist Financial increased their price target 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. Finally, Evercore ISI increased their price target 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.
Get Our Latest Stock Analysis on VNO
Vornado Realty Trust Stock Up 1.5 %
Vornado Realty Trust (NYSE:VNO – Get Free Report) last released its 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 analysts’ expectations of $445.07 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.
Vornado Realty Trust Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a $0.74 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 6.95%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio (DPR) is currently -255.17%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in VNO. ORG Wealth Partners LLC purchased a new stake in Vornado Realty Trust during the 4th quarter worth about $32,000. UMB Bank n.a. increased 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 purchasing an additional 268 shares in the last quarter. Versant Capital Management Inc increased its position in Vornado Realty Trust by 1,014.0% during the 4th 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 in the last quarter. Blue Trust Inc. increased its position in Vornado Realty Trust by 331.0% during the 3rd 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 in the last quarter. Finally, Assetmark Inc. increased its position in Vornado Realty Trust by 122.2% during 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 in the last quarter. Hedge funds and other institutional investors 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.
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