Favorable News Coverage Somewhat Unlikely to Affect Vornado Realty Trust (VNO) Stock Price
News headlines about Vornado Realty Trust (NYSE:VNO) have been trending positive on Friday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Vornado Realty Trust earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.1787561453314 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Financial Contrast: Federal Realty Investment Trust (FRT) and Vornado Realty Trust (VNO) (americanbankingnews.com)
- An Undervalued Play on Shifting NYC Office Market (finance.yahoo.com)
- Vornado Realty Trust (VNO) Downgraded by Stifel Nicolaus to Hold (americanbankingnews.com)
- 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)
Shares of Vornado Realty Trust (VNO) opened at 74.49 on Friday. The firm has a 50 day moving average of $76.98 and a 200-day moving average of $79.22. The stock has a market capitalization of $14.11 billion, a P/E ratio of 16.09 and a beta of 0.97. Vornado Realty Trust has a 12 month low of $73.02 and a 12 month high of $111.72.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. The company had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. Analysts forecast that Vornado Realty Trust will post $1.16 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were paid 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 dividend yield of 3.22%. Vornado Realty Trust’s dividend payout ratio is currently 51.72%.
Several brokerages recently weighed in on VNO. Stifel Nicolaus downgraded shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $86.00 to $77.00 in a research note on Wednesday. BidaskClub raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Argus raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Thursday, August 24th. Evercore ISI reaffirmed an “outperform” rating and set a $87.00 target price (up from $86.00) on shares of Vornado Realty Trust in a research note on Wednesday, August 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $81.00 target price on shares of Vornado Realty Trust in a research note on Saturday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Vornado Realty Trust presently has an average rating of “Hold” and an average price target of $96.60.
ILLEGAL ACTIVITY NOTICE: “Favorable News Coverage Somewhat Unlikely to Affect Vornado Realty Trust (VNO) Stock Price” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/01/favorable-news-coverage-somewhat-unlikely-to-affect-vornado-realty-trust-vno-stock-price.html.
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.
Receive News & Stock Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related stocks with our FREE daily email newsletter.