Vornado Realty Trust (VNO) Receives Consensus Rating of “Hold” from Analysts

Vornado Realty Trust (NYSE:VNO) has earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $89.60.

A number of brokerages have recently issued reports on VNO. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Tuesday, October 17th. TheStreet upgraded shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, December 18th. JPMorgan Chase & Co. downgraded shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a report on Friday, December 15th. Barclays restated a “hold” rating and set a $80.00 price target on shares of Vornado Realty Trust in a report on Thursday, October 19th. Finally, SunTrust Banks raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. They noted that the move was a valuation call.

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Vornado Realty Trust by 23.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,221,172 shares of the real estate investment trust’s stock valued at $558,195,000 after buying an additional 1,352,088 shares during the period. Long Pond Capital LP purchased a new position in Vornado Realty Trust in the 3rd quarter valued at approximately $64,360,000. American Century Companies Inc. purchased a new position in Vornado Realty Trust in the 3rd quarter valued at approximately $47,992,000. Koch Industries Inc. boosted its position in Vornado Realty Trust by 8,135.6% in the 2nd quarter. Koch Industries Inc. now owns 323,989 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 320,055 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Vornado Realty Trust by 397.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 376,048 shares of the real estate investment trust’s stock valued at $29,032,000 after buying an additional 300,500 shares during the period. 85.74% of the stock is owned by hedge funds and other institutional investors.

Shares of Vornado Realty Trust (VNO) traded up $0.33 during midday trading on Friday, hitting $66.51. 441,301 shares of the stock were exchanged, compared to its average volume of 1,243,314. The firm has a market cap of $12,778.78, a P/E ratio of 16.00, a P/E/G ratio of 4.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26. Vornado Realty Trust has a fifty-two week low of $65.95 and a fifty-two week high of $89.38.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, January 29th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, January 26th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.79%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.60. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 60.87%.

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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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