Vornado Realty Trust (NYSE:VNO) Receives $38.46 Consensus PT from Analysts

Shares of Vornado Realty Trust (NYSE:VNO) have been assigned an average recommendation of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $38.3077.

A number of equities research analysts recently issued reports on the stock. Piper Sandler dropped their price target on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Evercore ISI decreased their price objective on shares of Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Mizuho cut their target price on shares of Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, December 12th. Finally, Scotiabank reduced their price target on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating for the company in a research report on Wednesday.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $33.64 on Tuesday. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 5.80 and a beta of 1.49. The stock has a 50-day moving average of $34.57 and a 200 day moving average of $37.43. The company has a current ratio of 5.58, a quick ratio of 5.58 and a debt-to-equity ratio of 1.42. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $45.37.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $453.70 million during the quarter, compared to analysts’ expectations of $435.19 million. Vornado Realty Trust had a return on equity of 19.48% and a net margin of 49.91%.The business’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. Sell-side analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Thursday, December 18th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a dividend yield of 220.0%. Vornado Realty Trust’s dividend payout ratio is presently 17.62%.

Institutional Trading of Vornado Realty Trust

A number of institutional investors have recently made changes to their positions in VNO. Danske Bank A S acquired a new position in shares of Vornado Realty Trust during the 3rd quarter valued at about $28,000. Advisory Services Network LLC purchased a new position in Vornado Realty Trust during the third quarter worth about $33,000. Westside Investment Management Inc. boosted its holdings in Vornado Realty Trust by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 443 shares during the last quarter. Quent Capital LLC acquired a new position in Vornado Realty Trust in the 3rd quarter valued at about $39,000. Finally, BOKF NA grew its stake in shares of Vornado Realty Trust by 1,257.1% in the 3rd quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,056 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.