Vornado Realty Trust (NYSE:VNO) Price Target Raised to $30.00 at The Goldman Sachs Group

Vornado Realty Trust (NYSE:VNO) had its target price lifted by The Goldman Sachs Group from $27.00 to $30.00 in a research note released on Tuesday,Benzinga reports. They currently have a sell rating on the real estate investment trust’s stock.

VNO has been the topic of a number of other reports. Barclays lifted their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Evercore ISI lifted their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Truist Financial boosted their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $39.35 on Tuesday. The company has a 50-day moving average of $41.42 and a 200-day moving average of $40.22. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 983.80, a price-to-earnings-growth ratio of 9.69 and a beta of 1.62. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63.

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

Vornado Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 7.52%. The ex-dividend date was Monday, December 16th. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio is currently 1,850.00%.

Institutional Investors Weigh In On Vornado Realty Trust

Institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new position in shares of Vornado Realty Trust in the fourth quarter worth $32,000. UMB Bank n.a. grew its stake in Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $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% in 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 during the last quarter. Blue Trust Inc. raised its stake in shares of 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, Assetmark Inc. raised its stake in shares of Vornado Realty Trust by 122.2% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 661 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

About Vornado Realty Trust

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