Vornado Realty Trust (NYSE:VNO) Receives Consensus Recommendation of “Hold” from Analysts

Posted by Editorial Team on Jan 10th, 2025

Vornado Realty Trust (NYSE:VNO – Get Free Report) has been given an average recommendation of “Hold” by the eleven ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $37.61.

VNO has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research report on Thursday, September 12th. Barclays lifted their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. StockNews.com raised Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $38.00 to $48.00 in a research note on Tuesday. Finally, Evercore ISI increased their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th.

Get Our Latest Research Report on VNO

Hedge Funds Weigh In On Vornado Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its stake in shares of Vornado Realty Trust by 0.7% in 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 acquiring an additional 272 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Vornado Realty Trust by 0.4% in the third 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 in the last quarter. US Bancorp DE increased its stake in Vornado Realty Trust by 1.8% in the third 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 in the last quarter. Vert Asset Management LLC raised its holdings in Vornado Realty Trust by 0.5% in the third quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust’s stock worth $2,690,000 after purchasing an additional 324 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Vornado Realty Trust by 8.1% during the fourth quarter. GAMMA Investing LLC now owns 4,768 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 356 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Trading Down 0.9 %

Shares of Vornado Realty Trust stock opened at $39.99 on Friday. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The company’s fifty day simple moving average is $42.67 and its 200-day simple moving average is $36.98. The company has a market cap of $7.62 billion, a price-to-earnings ratio of -137.90 and a beta of 1.62. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO – Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The firm had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. Vornado Realty Trust’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 EPS. As a group, sell-side analysts expect that Vornado Realty Trust will post 2.16 EPS for the current year.

Vornado Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date was Monday, December 16th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio is currently -255.17%.