Shares of Vector Group Ltd. (NYSE:VGR) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus target price of $27.00 for the company and are expecting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given Vector Group an industry rank of 172 out of 265 based on the ratings given to related companies.

A number of research firms have recently issued reports on VGR. Zacks Investment Research lowered shares of Vector Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. BidaskClub lowered shares of Vector Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th.

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In other Vector Group news, insider Howard M. Lorber sold 226,834 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $21.36, for a total value of $4,845,174.24. Following the transaction, the insider now owns 436,665 shares in the company, valued at approximately $9,327,164.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 12.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Solaris Asset Management LLC raised its position in Vector Group by 3.1% in the first quarter. Solaris Asset Management LLC now owns 12,317 shares of the company’s stock valued at $256,000 after buying an additional 375 shares in the last quarter. Navellier & Associates Inc raised its position in Vector Group by 4.8% in the first quarter. Navellier & Associates Inc now owns 16,777 shares of the company’s stock valued at $349,000 after buying an additional 775 shares in the last quarter. Cypress Capital Management LLC WY raised its position in Vector Group by 1.1% in the first quarter. Cypress Capital Management LLC WY now owns 98,421 shares of the company’s stock valued at $2,047,000 after buying an additional 1,039 shares in the last quarter. Investment Centers of America Inc. raised its position in Vector Group by 9.2% in the first quarter. Investment Centers of America Inc. now owns 14,014 shares of the company’s stock valued at $292,000 after buying an additional 1,176 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Vector Group by 3.6% in the first quarter. UBS Asset Management Americas Inc. now owns 34,268 shares of the company’s stock valued at $713,000 after buying an additional 1,199 shares in the last quarter. Hedge funds and other institutional investors own 46.98% of the company’s stock.

Shares of Vector Group (NYSE:VGR) traded down 0.67% during mid-day trading on Tuesday, reaching $20.90. 400,153 shares of the company were exchanged. The company’s 50 day moving average price is $21.70 and its 200 day moving average price is $21.78. The firm has a market capitalization of $2.71 billion, a PE ratio of 56.64 and a beta of 0.47. Vector Group has a 12 month low of $19.79 and a 12 month high of $23.24.

Vector Group (NYSE:VGR) last released its quarterly earnings results on Friday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. Vector Group had a net margin of 2.76% and a negative return on equity of 37.58%. The business had revenue of $415.20 million for the quarter, compared to analyst estimates of $369.60 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. Equities analysts anticipate that Vector Group will post $0.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Tuesday, June 20th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.66%. Vector Group’s dividend payout ratio is currently 420.53%.

Vector Group Company Profile

Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.

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