Vornado Realty Trust EVP Joseph Macnow Sells 72,321 Shares (VNO)
Vornado Realty Trust (NYSE:VNO) EVP Joseph Macnow unloaded 72,321 shares of the company’s stock on the open market in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $105.76, for a total transaction of $7,648,668.96. Following the sale, the executive vice president now directly owns 33,167 shares in the company, valued at approximately $3,507,742. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on VNO shares. Analysts at Stifel Nicolaus raised their price target on shares of Vornado Realty Trust from $105.00 to $110.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock. Separately, analysts at ISi upgraded shares of Vornado Realty Trust from a “cautious” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $98.00 price target on the stock, up previously from $92.00. Finally, analysts at ISI Group upgraded shares of Vornado Realty Trust to a “neutral” rating in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Vornado Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $102.88.
Shares of Vornado Realty Trust (NYSE:VNO) traded down 0.21% on Thursday, hitting $105.52. 605,588 shares of the company’s stock traded hands. Vornado Realty Trust has a 52-week low of $76.19 and a 52-week high of $106.65. The stock has a 50-day moving average of $101.0 and a 200-day moving average of $94.32. The company has a market cap of $19.776 billion and a price-to-earnings ratio of 89.01.
Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, May 5th. The company reported $1.20 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was down 8.1% on a year-over-year basis. On average, analysts predict that Vornado Realty Trust will post $4.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 22nd. Investors 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 2.76%. The ex-dividend date is Thursday, May 8th.
Vornado Realty Trust (NYSE:VNO) is an integrated real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.