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.
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%.
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.
Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.