Brokerages Set Vornado Realty Trust (NYSE:VNO) Price Target at $37.98

Vornado Realty Trust (NYSE:VNO) has received an average rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $38.55.

VNO has been the subject of a number of recent analyst reports. Truist Financial raised their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Evercore ISI raised their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their target price for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group raised their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday.

Vornado Realty Trust Price Performance

Shares of NYSE VNO opened at $42.03 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The stock has a fifty day moving average price of $41.44 and a 200 day moving average price of $40.22. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The company has a market cap of $8.02 billion, a PE ratio of 1,050.75, a P/E/G ratio of 9.69 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Sell-side analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 7.04%. The ex-dividend date was Monday, December 16th. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s payout ratio is 1,850.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in shares of Vornado Realty Trust during the 4th quarter worth $32,000. UMB Bank n.a. increased its position in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Versant Capital Management Inc increased its position in Vornado Realty Trust by 1,014.0% during the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 872 shares in the last quarter. Blue Trust Inc. increased its position in Vornado Realty Trust by 331.0% during the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 844 shares in the last quarter. Finally, FIL Ltd purchased a new stake in Vornado Realty Trust during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.