Vornado Realty Trust PT Raised to $102.00 at Deutsche Bank (VNO)
Equities research analysts at Deutsche Bank hoisted their price target on shares of Vornado Realty Trust (NYSE:VNO) from $101.00 to $102.00 in a research note issued to investors on Thursday. Deutsche Bank’s price objective would suggest a potential downside of 4.65% from the stock’s previous close.
VNO has been the subject of a number of other 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. 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. Two equities research 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 company has a consensus rating of “Buy” and a consensus price target of $106.17.
Shares of Vornado Realty Trust (NYSE:VNO) opened at 106.97 on Thursday. Vornado Realty Trust has a one year low of $80.08 and a one year high of $109.12. The stock’s 50-day moving average is $106.3 and its 200-day moving average is $102.2. The company has a market cap of $20.074 billion and a price-to-earnings ratio of 130.27.
Vornado Realty Trust (NYSE:VNO) last announced its earnings results 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. Stockholders 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 2.73%. The ex-dividend date is Thursday, August 7th.
Vornado Realty Trust (NYSE:VNO) is an integrated real estate investment trust (REIT).
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