Vornado Realty Trust (NYSE:VNO – Get Rating) has been given a consensus rating of “Reduce” by the eight analysts that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $27.14.
A number of equities analysts have commented on VNO shares. Mizuho reduced their target price on Vornado Realty Trust from $30.00 to $25.00 and set an “underperform” rating for the company in a report on Wednesday, October 19th. Piper Sandler cut their price target on Vornado Realty Trust from $20.00 to $17.00 and set an “underweight” rating for the company in a report on Friday, October 7th. Deutsche Bank Aktiengesellschaft cut their target price on Vornado Realty Trust from $33.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 13th. StockNews.com cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Truist Financial cut their target price on Vornado Realty Trust to $28.00 in a research note on Wednesday.
Institutional Trading of Vornado Realty Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of VNO. Advisors Capital Management LLC acquired a new position in Vornado Realty Trust in the 3rd quarter valued at about $14,458,000. Retirement Systems of Alabama boosted its holdings in Vornado Realty Trust by 1.4% in the 3rd quarter. Retirement Systems of Alabama now owns 53,505 shares of the real estate investment trust’s stock valued at $1,239,000 after purchasing an additional 744 shares in the last quarter. Kentucky Retirement Systems boosted its holdings in Vornado Realty Trust by 6.8% in the 3rd quarter. Kentucky Retirement Systems now owns 12,610 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 798 shares in the last quarter. Neo Ivy Capital Management boosted its holdings in Vornado Realty Trust by 122.3% in the 3rd quarter. Neo Ivy Capital Management now owns 3,516 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 1,934 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its holdings in Vornado Realty Trust by 6.9% in the 3rd quarter. Nomura Holdings Inc. now owns 2,042,221 shares of the real estate investment trust’s stock valued at $47,263,000 after purchasing an additional 132,478 shares in the last quarter. 74.67% of the stock is currently owned by institutional investors and hedge funds.
Vornado Realty Trust Stock Performance
Vornado Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, November 7th were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $2.12 dividend on an annualized basis and a yield of 8.84%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 424.00%.
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 2019.
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