Vornado Realty Trust (VNO) Declares Quarterly Dividend of $0.63

Vornado Realty Trust (NYSE:VNO) announced a quarterly dividend on Thursday, July 28th. Stockholders of record on Tuesday, August 9th will be given a dividend of 0.63 per share by the real estate investment trust on Friday, August 19th. This represents a $2.52 annualized dividend and a dividend yield of 2.39%.

Shares of Vornado Realty Trust (NYSE:VNO) traded up 1.21% on Thursday, reaching $105.51. 762,701 shares of the company were exchanged. The stock has a market capitalization of $19.92 billion and a P/E ratio of 41.60. Vornado Realty Trust has a 12 month low of $78.91 and a 12 month high of $106.07. The stock has a 50 day moving average price of $99.37 and a 200-day moving average price of $93.79.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by $0.14. During the same quarter last year, the company posted $1.16 EPS. The business had revenue of $613.04 million for the quarter. The company’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts expect that Vornado Realty Trust will post $4.97 EPS for the current fiscal year.

Several research analysts have recently commented on the stock. Deutsche Bank AG reaffirmed a “hold” rating and issued a $97.00 price target on shares of Vornado Realty Trust in a report on Thursday, April 14th. Vetr raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $103.45 price target for the company in a report on Monday, April 18th. Zacks Investment Research lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Citigroup Inc. lifted their price target on shares of Vornado Realty Trust from $106.00 to $116.50 and gave the company a “buy” rating in a report on Thursday, July 7th. Finally, Evercore ISI raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $106.00 to $108.00 in a report on Monday, May 16th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $105.50.

Vornado Realty Trust is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). It is the sole general partner of, and owns common limited partnership interest in the Operating Partnership.