The Goldman Sachs Group Issues Positive Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price target increased by The Goldman Sachs Group from $27.00 to $30.00 in a research report report published on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the real estate investment trust’s stock.

VNO has been the topic of a number of other reports. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Barclays increased their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Evercore ISI upped their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Truist Financial lifted their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Trading Up 1.7 %

NYSE:VNO opened at $39.35 on Tuesday. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 983.80, a price-to-earnings-growth ratio of 9.69 and a beta of 1.62. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The business’s 50-day simple moving average is $41.42 and its 200 day simple moving average is $40.22.

Vornado Realty Trust (NYSE:VNO) last announced its 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 1.60% and a net margin of 3.94%. As a group, sell-side analysts predict that Vornado Realty Trust will post 2.31 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 is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 16th. This represents a $2.96 annualized dividend and a dividend yield of 7.52%. Vornado Realty Trust’s dividend payout ratio (DPR) is 1,850.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Vornado Realty Trust during the fourth quarter worth about $729,073,000. Franklin Resources Inc. lifted its position in Vornado Realty Trust by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust’s stock valued at $500,263,000 after purchasing an additional 792,100 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Vornado Realty Trust by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust’s stock valued at $373,672,000 after purchasing an additional 278,409 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after purchasing an additional 3,575,593 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Vornado Realty Trust by 232.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after purchasing an additional 2,468,652 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

About Vornado Realty Trust

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