Shares of Vornado Realty Trust (NYSE:VNO – Get Rating) have been assigned a consensus rating of “Reduce” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $27.14.
A number of equities research analysts have recently issued reports on VNO shares. Evercore ISI reduced their price target on shares of Vornado Realty Trust from $34.00 to $31.00 in a research note on Tuesday, September 27th. Piper Sandler lowered their price target on shares of Vornado Realty Trust from $20.00 to $17.00 and set an “underweight” rating for the company in a report on Friday, October 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vornado Realty Trust from $33.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 13th. Truist Financial reduced their price target on shares of Vornado Realty Trust to $28.00 in a research report on Wednesday. Finally, StockNews.com downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday.
Institutional Investors Weigh In On Vornado Realty Trust
Institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System increased its stake in shares of Vornado Realty Trust by 2.3% during the first quarter. Arizona State Retirement System now owns 45,353 shares of the real estate investment trust’s stock valued at $2,055,000 after acquiring an additional 1,021 shares during the period. Ropes Wealth Advisors LLC bought a new position in Vornado Realty Trust in the 1st quarter worth $954,000. Commonwealth Equity Services LLC grew its position in Vornado Realty Trust by 19.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 201,403 shares of the real estate investment trust’s stock worth $9,127,000 after purchasing an additional 32,532 shares during the last quarter. Victory Capital Management Inc. grew its position in Vornado Realty Trust by 71.8% in the 1st quarter. Victory Capital Management Inc. now owns 13,003 shares of the real estate investment trust’s stock worth $503,000 after purchasing an additional 5,433 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Vornado Realty Trust by 9.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 30,554 shares of the real estate investment trust’s stock worth $1,385,000 after purchasing an additional 2,536 shares during the last quarter. Institutional investors and hedge funds own 74.67% of the company’s stock.
Vornado Realty Trust Stock Performance
VNO opened at $23.98 on Friday. The firm has a market capitalization of $4.60 billion, a PE ratio of 47.96, a PEG ratio of 2.37 and a beta of 1.24. Vornado Realty Trust has a twelve month low of $20.03 and a twelve month high of $47.26. The firm’s 50-day moving average price is $23.69 and its 200 day moving average price is $28.06. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 1.52.
Vornado Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, November 7th were given a $0.53 dividend. The ex-dividend date was Friday, November 4th. This represents a $2.12 dividend on an annualized basis and a yield of 8.84%. Vornado Realty Trust’s payout ratio is currently 424.00%.
Vornado Realty Trust Company Profile
Vornado’s portfolio is concentrated in the nation’s key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Vornado Realty Trust, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Vornado Realty Trust wasn’t on the list.
While Vornado Realty Trust currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: news.google.com
