Shares of Vornado Realty Trust (NYSE:VNO) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $79.56.

Several equities research analysts recently weighed in on VNO shares. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of Vornado Realty Trust in a research note on Monday, July 30th. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Monday, October 1st. SunTrust Banks reiterated a “buy” rating and issued a $85.00 target price on shares of Vornado Realty Trust in a research note on Thursday, August 16th. Citigroup reduced their target price on shares of Vornado Realty Trust from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Finally, ValuEngine upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th.

NYSE VNO opened at $70.59 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 4.64 and a quick ratio of 4.64. Vornado Realty Trust has a twelve month low of $64.13 and a twelve month high of $79.56. The stock has a market capitalization of $13.35 billion, a P/E ratio of 18.92, a P/E/G ratio of 4.63 and a beta of 0.90.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, October 29th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Vornado Realty Trust had a net margin of 16.89% and a return on equity of 8.55%. The company had revenue of $542.05 million during the quarter, compared to the consensus estimate of $544.62 million. During the same quarter in the previous year, the business posted $0.52 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Vornado Realty Trust will post 3.8 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, November 5th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Friday, November 2nd. Vornado Realty Trust’s payout ratio is 67.56%.

Several hedge funds and other institutional investors have recently bought and sold shares of VNO. Allianz Asset Management GmbH increased its holdings in shares of Vornado Realty Trust by 126.1% during the first quarter. Allianz Asset Management GmbH now owns 368,986 shares of the real estate investment trust’s stock worth $24,833,000 after buying an additional 205,795 shares in the last quarter. DnB Asset Management AS acquired a new stake in shares of Vornado Realty Trust during the second quarter worth approximately $1,458,000. IFM Investors Pty Ltd increased its holdings in shares of Vornado Realty Trust by 48.2% during the second quarter. IFM Investors Pty Ltd now owns 7,738 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 2,516 shares in the last quarter. Gofen & Glossberg LLC IL acquired a new stake in shares of Vornado Realty Trust during the second quarter worth approximately $495,000. Finally, Gateway Investment Advisers LLC acquired a new stake in shares of Vornado Realty Trust during the second quarter worth approximately $604,000. 80.13% of the stock is owned by institutional investors.

About Vornado Realty Trust

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 2017.

Featured Story: Conference Calls

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.