Vornado Realty Trust (NYSE:VNO) announced a quarterly dividend on Wednesday, January 17th, RTT News reports. Shareholders of record on Monday, January 29th will be given a dividend of 0.63 per share by the real estate investment trust on Thursday, February 15th. This represents a $2.52 annualized dividend and a yield of 3.54%. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.60.

Vornado Realty Trust has decreased its dividend payment by an average of 3.5% per year over the last three years. Vornado Realty Trust has a dividend payout ratio of 61.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vornado Realty Trust to earn $3.94 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 60.9%.

Vornado Realty Trust (VNO) traded down $0.71 during mid-day trading on Wednesday, reaching $71.21. The company’s stock had a trading volume of 953,300 shares, compared to its average volume of 867,610. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 52 week low of $71.14 and a 52 week high of $89.38. The stock has a market cap of $13,656.02, a P/E ratio of 17.20, a PEG ratio of 4.31 and a beta of 1.00.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The company had revenue of $528.76 million for the quarter, compared to the consensus estimate of $545.53 million. During the same period in the previous year, the business earned $0.35 EPS. Vornado Realty Trust’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities research analysts anticipate that Vornado Realty Trust will post 3.92 EPS for the current fiscal year.

VNO has been the topic of several analyst reports. Barclays restated a “hold” rating and set a $80.00 price objective on shares of Vornado Realty Trust in a report on Thursday, October 19th. Zacks Investment Research downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. downgraded Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a report on Friday, December 15th. TheStreet upgraded Vornado Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, December 18th. Finally, Sandler O’Neill restated a “buy” rating and set a $90.00 price objective on shares of Vornado Realty Trust in a report on Tuesday, September 26th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $91.75.

TRADEMARK VIOLATION NOTICE: “Vornado Realty Trust (VNO) Declares Dividend Increase – $0.63 Per Share” was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://theolympiareport.com/2018/01/17/vornado-realty-trust-vno-declares-dividend-increase-0-63-per-share.html.

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.

Dividend History for Vornado Realty Trust (NYSE:VNO)

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.