Shares of Vornado Realty Trust (NYSE:VNO) have been given a consensus rating of “Hold” by the twelve ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $100.75.

A number of analysts have recently weighed in on the company. BidaskClub raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Citigroup Inc. cut their price objective on Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, July 19th. Bank of America Corporation reaffirmed a “buy” rating and set a $113.00 price objective (up previously from $112.00) on shares of Vornado Realty Trust in a research report on Thursday, June 22nd. Zacks Investment Research lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $95.00 price objective (down previously from $111.00) on shares of Vornado Realty Trust in a research report on Tuesday, June 13th.

Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. increased its position in shares of Vornado Realty Trust by 62.1% in the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 419 shares during the last quarter. Sun Life Financial INC increased its position in shares of Vornado Realty Trust by 13,866.7% in the second quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 1,248 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Vornado Realty Trust by 62.5% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 500 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of Vornado Realty Trust during the first quarter worth approximately $139,000. Finally, Advisors Asset Management Inc. increased its position in shares of Vornado Realty Trust by 98.9% in the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 741 shares during the last quarter. Hedge funds and other institutional investors own 87.19% of the company’s stock.

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Vornado Realty Trust (VNO) traded down 1.85% during midday trading on Friday, reaching $73.91. The company had a trading volume of 475,744 shares. The company has a 50-day moving average of $77.55 and a 200-day moving average of $94.37. Vornado Realty Trust has a 12-month low of $73.48 and a 12-month high of $111.72. The stock has a market capitalization of $14.00 billion, a PE ratio of 15.96 and a beta of 0.97.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The business had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. During the same quarter in the prior year, the company earned $1.21 earnings per share. The company’s revenue was up .7% on a year-over-year basis. On average, analysts predict that Vornado Realty Trust will post $1.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.19%. Vornado Realty Trust’s payout ratio is currently 51.72%.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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