Positive News Coverage Somewhat Unlikely to Affect Vornado Realty Trust (VNO) Share Price
News stories about Vornado Realty Trust (NYSE:VNO) have trended positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Vornado Realty Trust earned a news impact score of 0.33 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.1575668078002 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Vornado Realty Trust (VNO) Rating Increased to Hold at BidaskClub (americanbankingnews.com)
- [$$] Manhattan on Sale? That’s the Case With Two Cheap REITS (finance.yahoo.com)
- Vornado (VNO), SL Green (SLG) Refinance $1.2 Billion Loan (finance.yahoo.com)
- Vornado Realty Trust : VNO-US: Dividend Analysis : August 07th, 2017 (record date) : By the numbers : August 25, 2017 (finance.yahoo.com)
- SL Green Realty : & Vornado Complete $1.2 Billion Refinancing of 280 Park Avenue (4-traders.com)
Shares of Vornado Realty Trust (NYSE:VNO) traded up 0.95% during midday trading on Friday, reaching $74.70. The company had a trading volume of 1,263,129 shares. The company has a market capitalization of $14.15 billion, a P/E ratio of 16.13 and a beta of 0.97. The company has a 50-day moving average price of $77.18 and a 200 day moving average price of $79.53. Vornado Realty Trust has a one year low of $69.81 and a one year high of $90.32.
Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The company had revenue of $626.04 million during the quarter, compared to analyst estimates of $633.19 million. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. Vornado Realty Trust’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 earnings per share. Equities analysts anticipate that Vornado Realty Trust will post $1.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 3.21%. Vornado Realty Trust’s dividend payout ratio is currently 51.72%.
Several equities research analysts have recently commented on the company. Evercore ISI restated an “in-line” rating and set a $107.00 price objective (down previously from $111.00) on shares of Vornado Realty Trust in a report on Thursday, May 4th. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Bank of America Corporation restated a “buy” rating and set a $113.00 price objective (up previously from $112.00) on shares of Vornado Realty Trust in a report on Thursday, June 22nd. Zacks Investment Research downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Morgan Stanley restated an “equal weight” rating and set a $81.00 price objective on shares of Vornado Realty Trust in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Vornado Realty Trust has a consensus rating of “Hold” and a consensus price target of $98.78.
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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.
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