Vornado Realty Trust (NYSE:VNO) has earned an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $75.14.

A number of research analysts recently commented on the stock. Scotiabank upgraded shares of Vornado Realty Trust from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, July 9th. Barclays reiterated a “hold” rating and set a $76.00 price objective on shares of Vornado Realty Trust in a research note on Thursday, July 18th. SunTrust Banks lowered their price objective on shares of Vornado Realty Trust to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. They noted that the move was a valuation call. BMO Capital Markets reiterated a “buy” rating and set a $79.00 price objective on shares of Vornado Realty Trust in a research note on Wednesday, July 31st. Finally, Zacks Investment Research upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, May 6th.

A number of large investors have recently modified their holdings of VNO. Nomura Holdings Inc. boosted its stake in Vornado Realty Trust by 10,306.4% in the 2nd quarter. Nomura Holdings Inc. now owns 2,610,659 shares of the real estate investment trust’s stock worth $167,686,000 after purchasing an additional 2,585,572 shares during the period. Long Pond Capital LP boosted its stake in Vornado Realty Trust by 69.1% in the 2nd quarter. Long Pond Capital LP now owns 4,674,336 shares of the real estate investment trust’s stock worth $299,625,000 after purchasing an additional 1,910,770 shares during the period. Invesco Ltd. boosted its stake in Vornado Realty Trust by 73.2% in the 2nd quarter. Invesco Ltd. now owns 3,818,967 shares of the real estate investment trust’s stock worth $244,796,000 after purchasing an additional 1,613,521 shares during the period. Nuveen Asset Management LLC boosted its stake in Vornado Realty Trust by 188.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,428,612 shares of the real estate investment trust’s stock worth $91,574,000 after purchasing an additional 933,401 shares during the period. Finally, Centersquare Investment Management LLC acquired a new position in Vornado Realty Trust in the 1st quarter worth approximately $59,355,000. Hedge funds and other institutional investors own 76.72% of the company’s stock.

Shares of NYSE VNO traded down $0.20 during mid-day trading on Wednesday, reaching $60.14. 841,200 shares of the company traded hands, compared to its average volume of 1,020,563. Vornado Realty Trust has a fifty-two week low of $59.48 and a fifty-two week high of $77.59. The company has a debt-to-equity ratio of 1.14, a current ratio of 4.87 and a quick ratio of 4.87. The firm has a market cap of $11.69 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 4.59 and a beta of 0.97. The stock has a fifty day simple moving average of $63.46 and a 200-day simple moving average of $66.54.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.72). Vornado Realty Trust had a net margin of 139.71% and a return on equity of 8.53%. The company had revenue of $463.10 million for the quarter, compared to analyst estimates of $517.72 million. During the same quarter in the prior year, the business earned $0.36 EPS. Vornado Realty Trust’s revenue was down 14.5% compared to the same quarter last year. As a group, analysts predict that Vornado Realty Trust will post 3.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date was Friday, August 2nd. Vornado Realty Trust’s payout ratio is 70.21%.

Vornado Realty Trust Company Profile

Vornado's portfolio is concentrated in the nation's key market — New York City — along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

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Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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