Vornado Realty Trust EVP Purchases $105,190 in Stock (VNO)
Vornado Realty Trust (NYSE:VNO) EVP Robert Minutoli bought 1,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average price of $105.19 per share, with a total value of $105,190.00. Following the acquisition, the executive vice president now directly owns 6,035 shares in the company, valued at approximately $634,822. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Vornado Realty Trust (NYSE:VNO) traded up 0.63% during mid-day trading on Friday, hitting $104.73. The stock had a trading volume of 617,772 shares. Vornado Realty Trust has a 52 week low of $79.56 and a 52 week high of $109.12. The stock has a 50-day moving average of $106.5 and a 200-day moving average of $101.3. The company has a market cap of $19.654 billion and a price-to-earnings ratio of 127.38.
Vornado Realty Trust (NYSE:VNO) last released its earnings data on Monday, August 4th. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.12 by $0.03. The company had revenue of $666.61 million for the quarter, compared to the consensus estimate of $668.27 million. During the same quarter last year, the company posted $1.25 earnings per share. Vornado Realty Trust’s revenue was down .7% compared to the same quarter last year. On average, analysts predict that Vornado Realty Trust will post $4.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Investors of record on Monday, August 11th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, August 7th.
VNO has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Vornado Realty Trust from $106.00 to $112.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Vornado Realty Trust from $94.00 to $101.00 in a research note on Thursday, July 17th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vornado Realty Trust in a research note on Friday, June 27th. They now have a $107.00 price target on the stock, up previously from $105.00. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Vornado Realty Trust currently has an average rating of “Buy” and a consensus target price of $106.00.
Vornado Realty Trust (NYSE:VNO) is an integrated real estate investment trust (REIT).
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