Vornado Realty Trust (NYSE:VNO) Cut to Hold at Argus

Argus downgraded shares of Vornado Realty Trust (NYSE:VNOGet Rating) from a buy rating to a hold rating in a research report report published on Tuesday, The Fly reports.

VNO has been the topic of several other reports. Evercore ISI cut their target price on shares of Vornado Realty Trust from $34.00 to $31.00 in a research note on Tuesday, September 27th. StockNews.com lowered shares of Vornado Realty Trust from a hold rating to a sell rating in a research note on Friday, November 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vornado Realty Trust from $33.00 to $25.00 and set a hold rating on the stock in a report on Thursday, October 13th. Piper Sandler lowered their price objective on shares of Vornado Realty Trust from $20.00 to $17.00 and set an underweight rating on the stock in a report on Friday, October 7th. Finally, Morgan Stanley lowered their price objective on shares of Vornado Realty Trust from $25.00 to $24.00 and set an underweight rating on the stock in a report on Friday, September 9th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $26.43.

Vornado Realty Trust Stock Down 0.1 %

Shares of NYSE VNO opened at $24.66 on Tuesday. The firm has a market cap of $4.73 billion, a PE ratio of 49.32, a P/E/G ratio of 2.43 and a beta of 1.24. Vornado Realty Trust has a 12-month low of $20.03 and a 12-month high of $47.26. The company’s fifty day simple moving average is $23.50 and its 200 day simple moving average is $27.77. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 1.52.

Vornado Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $2.12 annualized dividend and a dividend yield of 8.60%. Vornado Realty Trust’s dividend payout ratio is currently 424.00%.

Institutional Trading of Vornado Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in VNO. Teachers Retirement System of The State of Kentucky bought a new position in Vornado Realty Trust during the third quarter valued at about $338,000. Advisors Capital Management LLC bought a new position in Vornado Realty Trust during the third quarter valued at about $14,458,000. Retirement Systems of Alabama grew its position in Vornado Realty Trust by 1.4% during the third quarter. Retirement Systems of Alabama now owns 53,505 shares of the real estate investment trust’s stock valued at $1,239,000 after buying an additional 744 shares during the period. Kentucky Retirement Systems grew its position in Vornado Realty Trust by 6.8% during the third quarter. Kentucky Retirement Systems now owns 12,610 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 798 shares during the period. Finally, Neo Ivy Capital Management grew its position in Vornado Realty Trust by 122.3% during the third quarter. Neo Ivy Capital Management now owns 3,516 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 1,934 shares during the period. Hedge funds and other institutional investors own 74.67% of the company’s stock.

Vornado Realty Trust Company Profile

(Get Rating)

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 2019.

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