Vornado Realty Trust (NYSE:VNO) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Vornado Realty Trust (NYSE:VNO – Get Rating) in a report published on Thursday. The firm issued a sell rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their price objective on Vornado Realty Trust from $25.00 to $22.00 in a research report on Wednesday, January 4th. Truist Financial cut their price objective on Vornado Realty Trust to $28.00 in a research report on Wednesday, November 16th. BMO Capital Markets cut Vornado Realty Trust from a market perform rating to an underperform rating and cut their price objective for the stock from $26.00 to $18.00 in a research report on Friday, March 3rd. Morgan Stanley cut their price target on Vornado Realty Trust from $19.00 to $18.00 and set an underweight rating for the company in a report on Thursday, March 9th. Finally, TheStreet cut Vornado Realty Trust from a c- rating to a d+ rating in a report on Wednesday, February 15th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $22.00.

Vornado Realty Trust Stock Performance

VNO opened at $14.20 on Thursday. The company has a market cap of $2.72 billion, a PE ratio of -6.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.39. The stock has a 50-day moving average of $21.38 and a 200-day moving average of $22.76. Vornado Realty Trust has a 52-week low of $13.80 and a 52-week high of $47.15. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.03 and a current ratio of 5.03.

Vornado Realty Trust (NYSE:VNO – Get Rating) last posted its quarterly earnings data on Monday, February 13th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.57). Vornado Realty Trust had a positive return on equity of 3.01% and a negative net margin of 19.25%. The business had revenue of $446.94 million for the quarter, compared to analyst estimates of $452.88 million. During the same period in the prior year, the firm posted $0.81 EPS. Vornado Realty Trust’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Vornado Realty Trust will post 2.72 earnings per share for the current fiscal year.

Vornado Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 10th. Stockholders of record on Monday, January 30th were issued a $0.375 dividend. The ex-dividend date of this dividend was Friday, January 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.56%. Vornado Realty Trust’s payout ratio is presently -70.42%.

Hedge Funds Weigh In On Vornado Realty Trust

Hedge funds have recently modified their holdings of the stock. Wipfli Financial Advisors LLC acquired a new position in shares of Vornado Realty Trust in the 3rd quarter worth approximately $28,000. SOA Wealth Advisors LLC. raised its holdings in shares of Vornado Realty Trust by 540.6% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,294 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,092 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Vornado Realty Trust in the 4th quarter worth approximately $30,000. Allworth Financial LP raised its holdings in shares of Vornado Realty Trust by 40,700.0% in the 3rd quarter. Allworth Financial LP now owns 1,632 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,628 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of Vornado Realty Trust in the 4th quarter worth approximately $42,000. 75.97% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

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Vornado Realty Trust is a real estate investment trust, which engages in the ownership of office, retail, merchandise mart properties, and other real estate and related investments. It operates through the New York and Other segments. The company was founded by Steven Roth on March 29, 1993 and is headquartered in New York, NY.