Brokerages Set Vornado Realty Trust (NYSE:VNO) PT at $38.46

Vornado Realty Trust (NYSE:VNO) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $38.3077.

A number of equities research analysts recently issued reports on VNO shares. LADENBURG THALM/SH SH assumed coverage on shares of Vornado Realty Trust in a report on Monday, October 13th. They issued a “buy” rating and a $48.00 price objective for the company. Evercore ISI dropped their price target on shares of Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Scotiabank cut their price target on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating for the company in a report on Wednesday. Piper Sandler decreased their price objective on Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th.

Vornado Realty Trust Trading Up 0.1%

Shares of VNO stock opened at $33.68 on Tuesday. The firm has a market capitalization of $6.47 billion, a P/E ratio of 8.02, a PEG ratio of 5.81 and a beta of 1.49. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $45.37. The stock’s fifty day moving average is $34.50 and its two-hundred day moving average is $37.39. The company has a debt-to-equity ratio of 1.42, a quick ratio of 5.58 and a current ratio of 5.58.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Vornado Realty Trust had a net margin of 49.91% and a return on equity of 19.48%. The company had revenue of $453.70 million during the quarter, compared to the consensus estimate of $435.19 million. During the same quarter in the prior year, the firm earned $0.52 EPS. Vornado Realty Trust’s quarterly revenue was up 2.4% on a year-over-year basis. Research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, December 29th. Investors of record on Thursday, December 18th were issued a $0.74 dividend. This represents a yield of 220.0%. The ex-dividend date was Thursday, December 18th. Vornado Realty Trust’s payout ratio is 17.62%.

Institutional Investors Weigh In On Vornado Realty Trust

A number of institutional investors have recently made changes to their positions in the stock. Danske Bank A S acquired a new stake in Vornado Realty Trust in the 3rd quarter valued at approximately $28,000. Advisory Services Network LLC purchased a new position in shares of Vornado Realty Trust during the third quarter worth $33,000. Westside Investment Management Inc. grew its stake in shares of Vornado Realty Trust by 100.0% in the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 443 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Vornado Realty Trust in the third quarter valued at $39,000. Finally, BOKF NA raised its holdings in shares of Vornado Realty Trust by 1,257.1% in the 3rd quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,056 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

About Vornado Realty Trust

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.