Vornado Realty Trust (NYSE:VNO) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Vornado Realty Trust (NYSE:VNO) from a sell rating to a hold rating in a research report released on Thursday morning.

A number of other equities research analysts have also commented on the company. Piper Sandler reissued a “neutral” rating and issued a $44.00 price target (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Evercore ISI boosted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Compass Point upped their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Scotiabank lifted their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.98.

Vornado Realty Trust Price Performance

NYSE:VNO opened at $41.81 on Thursday. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The firm has a 50-day moving average of $42.13 and a 200-day moving average of $39.46.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. As a group, analysts anticipate that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s payout ratio is -255.17%.

Hedge Funds Weigh In On Vornado Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 268 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Vornado Realty Trust by 0.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock valued at $1,534,000 after acquiring an additional 272 shares during the period. Assetmark Inc. lifted its holdings in Vornado Realty Trust by 23.8% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 286 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Vornado Realty Trust by 0.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock worth $2,731,000 after purchasing an additional 299 shares during the period. Finally, US Bancorp DE increased its stake in shares of Vornado Realty Trust by 1.8% in the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock worth $691,000 after purchasing an additional 311 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.