Analysts Set Vornado Realty Trust (NYSE:VNO) PT at $37.00

Shares of Vornado Realty Trust (NYSE:VNO) have been assigned a consensus rating of “Hold” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $37.00.

Several equities analysts have recently issued reports on the company. Barclays reduced their target price on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. JPMorgan Chase & Co. raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective on the stock in a research report on Monday, November 24th. Truist Financial reduced their price objective on Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a research note on Monday, December 29th. Finally, Scotiabank reduced their price target on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd.

Hedge Funds Weigh In On Vornado Realty Trust

Several institutional investors have recently bought and sold shares of the company. Danske Bank A S purchased a new stake in Vornado Realty Trust in the third quarter worth $28,000. Advisory Services Network LLC purchased a new position in shares of Vornado Realty Trust during the 3rd quarter valued at $33,000. Farmers & Merchants Investments Inc. lifted its position in shares of Vornado Realty Trust by 512.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 718 shares during the last quarter. Westside Investment Management Inc. grew its stake in shares of Vornado Realty Trust by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 443 shares during the period. Finally, Quent Capital LLC bought a new position in shares of Vornado Realty Trust during the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 4.8%

VNO opened at $26.96 on Wednesday. Vornado Realty Trust has a fifty-two week low of $25.71 and a fifty-two week high of $43.37. The firm has a market capitalization of $5.14 billion, a P/E ratio of 6.43, a PEG ratio of 1.51 and a beta of 1.53. The company’s 50-day moving average is $31.25 and its 200 day moving average is $35.45. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.25 and a quick ratio of 5.25.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The firm had revenue of $453.71 million during the quarter, compared to the consensus estimate of $440.23 million. Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. Research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Thursday, December 18th were given a dividend of $0.74 per share. This represents a dividend yield of 220.0%. The ex-dividend date of this dividend was Thursday, December 18th. Vornado Realty Trust’s dividend payout ratio is currently 17.66%.

About Vornado Realty Trust

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.