Analysts Set Vornado Realty Trust (NYSE:VNO) PT at $37.98

Vornado Realty Trust (NYSE:VNO) has earned a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $37.98.

VNO has been the topic of a number of recent research reports. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Barclays upped their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $38.00 to $48.00 in a research report on Tuesday, January 7th. Compass Point upped their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Evercore ISI upped their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th.

Institutional Trading of Vornado Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. boosted its position in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Vornado Realty Trust by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock valued at $1,534,000 after purchasing an additional 272 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Vornado Realty Trust by 23.8% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 286 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Vornado Realty Trust by 0.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock valued at $2,731,000 after purchasing an additional 299 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Vornado Realty Trust by 1.8% during the 3rd quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock valued at $691,000 after purchasing an additional 311 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

NYSE:VNO opened at $38.73 on Friday. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $7.39 billion, a P/E ratio of 968.25, a P/E/G ratio of 9.69 and a beta of 1.62. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The business’s 50-day moving average is $41.53 and its 200 day moving average is $40.16.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. On average, equities research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 7.64%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio (DPR) is 1,850.00%.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.