Vornado Realty Trust PT Raised to $110.00 at Stifel Nicolaus (VNO)
Analysts at Stifel Nicolaus increased their price objective on shares of Vornado Realty Trust (NYSE:VNO) from $105.00 to $110.00 in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 6.28% from the company’s current price.
Shares of Vornado Realty Trust (NYSE:VNO) traded up 1.28% during mid-day trading on Wednesday, hitting $104.82. 273,451 shares of the company’s stock traded hands. Vornado Realty Trust has a 1-year low of $76.19 and a 1-year high of $104.05. The stock has a 50-day moving average of $99.77 and a 200-day moving average of $93.66. The company has a market cap of $19.631 billion and a P/E ratio of 49.36.
Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, May 5th. The company reported $1.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.27 by $0.07. The company had revenue of $660.60 million for the quarter, compared to the consensus estimate of $670.58 million. During the same quarter last year, the company posted $1.08 earnings per share. Vornado Realty Trust’s revenue was down 8.1% compared to the same quarter last year. Analysts expect that Vornado Realty Trust will post $4.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 22nd. Shareholders of record on Monday, May 12th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Thursday, May 8th.
A number of other firms have also recently commented on VNO. Analysts at ISi upgraded shares of Vornado Realty Trust from a “cautious” rating to a “neutral” rating in a research note on Monday. They now have a $98.00 price target on the stock, up previously from $92.00. Separately, analysts at ISI Group upgraded shares of Vornado Realty Trust to a “neutral” rating in a research note on Monday. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Vornado Realty Trust from $100.00 to $105.00 in a research note on Tuesday, April 29th. They now have an “overweight” rating on the stock. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $102.88.
Vornado Realty Trust (NYSE:VNO) is an integrated real estate investment trust (REIT).
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