Vornado Realty Trust (NYSE:VNO) Given Consensus Recommendation of “Hold” by Analysts

Vornado Realty Trust (NYSE:VNO) has earned a consensus rating of “Hold” from the twelve analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $37.00.

A number of equities research analysts have weighed in on VNO shares. Barclays lowered their price objective on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, February 26th. Evercore decreased their price target on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Mizuho cut their price objective on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. JPMorgan Chase & Co. raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 target price for the company in a report on Monday, November 24th. Finally, Scotiabank decreased their target price on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $27.50 on Wednesday. The stock has a market capitalization of $5.24 billion, a P/E ratio of 6.56, a P/E/G ratio of 1.35 and a beta of 1.53. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.25 and a current ratio of 5.25. Vornado Realty Trust has a 1 year low of $25.71 and a 1 year high of $43.37. The company’s fifty day moving average is $31.59 and its two-hundred day moving average is $35.62.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The firm had revenue of $453.71 million during the quarter, compared to analysts’ expectations of $440.23 million. During the same period in the previous year, the firm earned $0.61 EPS. The firm’s revenue was down .9% on a year-over-year basis. On average, sell-side analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, December 29th. Investors of record on Thursday, December 18th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 220.0%. Vornado Realty Trust’s payout ratio is currently 17.66%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Vornado Realty Trust during the 4th quarter worth approximately $86,000. Pacer Advisors Inc. boosted its position in Vornado Realty Trust by 0.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,497,296 shares of the real estate investment trust’s stock worth $49,830,000 after purchasing an additional 7,559 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Vornado Realty Trust by 14.0% in the fourth quarter. Corient Private Wealth LLC now owns 45,759 shares of the real estate investment trust’s stock valued at $1,523,000 after purchasing an additional 5,602 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Vornado Realty Trust by 7.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 70,543 shares of the real estate investment trust’s stock valued at $2,348,000 after buying an additional 4,607 shares in the last quarter. Finally, State of Tennessee Department of Treasury raised its stake in shares of Vornado Realty Trust by 7.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 694,757 shares of the real estate investment trust’s stock worth $22,149,000 after buying an additional 49,046 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.