Vornado Realty Trust (NYSE:VNO) Stock Price Up 4.7% on Better-Than-Expected Earnings

Posted by Editorial Team on Feb 11th, 2025

Shares of Vornado Realty Trust (NYSE:VNO – Get Free Report) were up 4.7% on Tuesday following a stronger than expected earnings report. The stock traded as high as $44.31 and last traded at $44.38. Approximately 549,394 shares changed hands during trading, a decline of 51% from the average daily volume of 1,117,767 shares. The stock had previously closed at $42.37.

The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%.

Vornado Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 6.77%. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. Vornado Realty Trust’s payout ratio is presently -255.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VNO shares. Truist Financial lifted their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. StockNews.com raised Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Compass Point increased their price target on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their target price for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Finally, Piper Sandler restated a “neutral” rating and set a $44.00 price target (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $37.61.

View Our Latest Analysis on Vornado Realty Trust

Institutional Investors Weigh In On Vornado Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after purchasing an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Vornado Realty Trust by 232.8% during the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after acquiring an additional 2,468,652 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of Vornado Realty Trust in the 3rd quarter worth about $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Vornado Realty Trust by 381.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust’s stock valued at $47,492,000 after acquiring an additional 955,071 shares in the last quarter. Finally, Heitman Real Estate Securities LLC boosted its stake in Vornado Realty Trust by 2,021.1% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust’s stock valued at $39,181,000 after purchasing an additional 947,562 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Price Performance

The stock has a market capitalization of $8.34 billion, a P/E ratio of -150.86 and a beta of 1.62. The business has a fifty day simple moving average of $42.16 and a 200 day simple moving average of $39.34. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93.