Vornado Realty Trust (NYSE:VNO) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Vornado Realty Trust (NYSE:VNO – Get Rating) in a report issued on Thursday. The firm issued a sell rating on the real estate investment trust’s stock.

A number of other analysts also recently commented on VNO. Deutsche Bank Aktiengesellschaft dropped their price objective on Vornado Realty Trust from $25.00 to $22.00 in a research note on Wednesday, January 4th. Truist Financial dropped their price objective on Vornado Realty Trust to $28.00 in a research note on Wednesday, November 16th. BMO Capital Markets lowered Vornado Realty Trust from a market perform rating to an underperform rating and cut their target price for the stock from $26.00 to $18.00 in a research report on Friday, March 3rd. Citigroup lowered Vornado Realty Trust from a neutral rating to a sell rating and cut their target price for the stock from $24.00 to $19.00 in a research report on Wednesday, December 14th. Finally, Argus lowered Vornado Realty Trust from a buy rating to a hold rating in a research report on Tuesday, November 22nd. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $22.00.

Vornado Realty Trust Trading Down 7.2 %

Shares of VNO stock opened at $14.20 on Thursday. Vornado Realty Trust has a 1 year low of $13.80 and a 1 year high of $47.15. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.03 and a current ratio of 5.03. The stock has a fifty day moving average of $21.38 and a two-hundred day moving average of $22.76. The firm has a market capitalization of $2.72 billion, a PE ratio of -6.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.39.

Vornado Realty Trust (NYSE:VNO – Get Rating) last posted its quarterly earnings data on Monday, February 13th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.57). Vornado Realty Trust had a positive return on equity of 3.01% and a negative net margin of 19.25%. The firm had revenue of $446.94 million during the quarter, compared to the consensus estimate of $452.88 million. During the same period in the prior year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts expect that Vornado Realty Trust will post 2.72 EPS for the current year.

Vornado Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 10th. Stockholders of record on Monday, January 30th were issued a dividend of $0.375 per share. The ex-dividend date was Friday, January 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.56%. Vornado Realty Trust’s dividend payout ratio is -70.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Voya Investment Management LLC grew its holdings in shares of Vornado Realty Trust by 3.5% during the fourth quarter. Voya Investment Management LLC now owns 58,866 shares of the real estate investment trust’s stock valued at $1,225,000 after buying an additional 1,966 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Vornado Realty Trust by 37.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 19,994 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 5,400 shares in the last quarter. Truist Financial Corp purchased a new position in shares of Vornado Realty Trust during the fourth quarter valued at $439,000. Steward Partners Investment Advisory LLC purchased a new position in Vornado Realty Trust in the fourth quarter valued at about $567,000. Finally, Vestcor Inc grew its stake in Vornado Realty Trust by 2,451.8% in the fourth quarter. Vestcor Inc now owns 97,251 shares of the real estate investment trust’s stock valued at $2,024,000 after purchasing an additional 93,440 shares in the last quarter. Hedge funds and other institutional investors own 75.97% of the company’s stock.

About Vornado Realty Trust

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Vornado Realty Trust is a real estate investment trust, which engages in the ownership of office, retail, merchandise mart properties, and other real estate and related investments. It operates through the New York and Other segments. The company was founded by Steven Roth on March 29, 1993 and is headquartered in New York, NY.