Vornado Realty Trust (NYSE:VNO) Trading Up 4.7% on Strong Earnings

Posted by MarketBeat News on Feb 12th, 2025

Vornado Realty Trust (NYSE:VNO – Get Free Report)’s share price rose 4.7% during trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $44.31 and last traded at $44.38. Approximately 549,394 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 1,117,767 shares. The stock had previously closed at $42.37.

The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%.

Vornado Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.74 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 6.92%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio is -255.17%.

Analyst Upgrades and Downgrades

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A number of research firms recently issued reports on VNO. Evercore ISI upped their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Barclays increased their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Scotiabank boosted their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Compass Point upped their target price on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.61.

View Our Latest Stock Report on VNO

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Wealth Partners LLC acquired a new position in Vornado Realty Trust during the 4th quarter worth approximately $32,000. UMB Bank n.a. increased its holdings in shares of Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Vornado Realty Trust by 1,014.0% during the fourth 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 period. Blue Trust Inc. lifted its holdings in shares of Vornado Realty Trust by 331.0% in 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. grew its position in Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 661 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Up 0.9 %

The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The stock’s 50 day simple moving average is $42.16 and its 200 day simple moving average is $39.44. The firm has a market cap of $8.15 billion, a P/E ratio of -147.41 and a beta of 1.62.