Shares of Vornado Realty Trust (NYSE:VNO – Get Rating) have been assigned an average recommendation of “Reduce” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.88.
Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Vornado Realty Trust from $25.00 to $22.00 in a research report on Wednesday, January 4th. Mizuho raised Vornado Realty Trust from an “underperform” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $23.00 in a research report on Wednesday, January 4th. Argus downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, November 22nd. Morgan Stanley lowered their price objective on Vornado Realty Trust from $24.00 to $19.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 23rd. Finally, Truist Financial lowered their price objective on Vornado Realty Trust to $28.00 in a research report on Wednesday, November 16th.
Vornado Realty Trust Stock Performance
Shares of NYSE VNO opened at $21.76 on Monday. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 1.52. The business’s 50 day moving average is $22.92 and its two-hundred day moving average is $25.42. The company has a market cap of $4.17 billion, a P/E ratio of 43.52, a P/E/G ratio of 2.43 and a beta of 1.29. Vornado Realty Trust has a 12 month low of $20.03 and a 12 month high of $47.26.
Vornado Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, November 7th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 9.74%. The ex-dividend date was Friday, November 4th. Vornado Realty Trust’s dividend payout ratio is 424.00%.
Institutional Trading of Vornado Realty Trust
Institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Vornado Realty Trust by 5.9% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,578 shares of the real estate investment trust’s stock valued at $846,000 after buying an additional 1,652 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in Vornado Realty Trust by 44.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 36,523 shares of the real estate investment trust’s stock valued at $1,044,000 after buying an additional 11,194 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in Vornado Realty Trust by 82.5% in the 2nd quarter. Cetera Advisor Networks LLC now owns 8,356 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 3,777 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Vornado Realty Trust by 25.1% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 165,416 shares of the real estate investment trust’s stock worth $4,729,000 after purchasing an additional 33,148 shares in the last quarter. Finally, NuWave Investment Management LLC boosted its stake in Vornado Realty Trust by 513.9% in the second quarter. NuWave Investment Management LLC now owns 9,276 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 7,765 shares in the last quarter. Institutional investors and hedge funds own 75.97% of the company’s stock.
About Vornado Realty Trust
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.
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