News coverage about Vornado Realty Trust (NYSE:VNO) has been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Vornado Realty Trust earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 48.0672221656472 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday. Barclays PLC restated a “hold” rating and issued a $80.00 target price on shares of Vornado Realty Trust in a research note on Thursday, October 19th. Morgan Stanley upgraded Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $81.00 to $84.00 in a research note on Tuesday, October 10th. Sandler O’Neill reiterated a “buy” rating and issued a $90.00 price objective on shares of Vornado Realty Trust in a research note on Tuesday, September 26th. Finally, Stifel Nicolaus downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating and dropped their price objective for the company from $86.00 to $77.00 in a research note on Wednesday, August 30th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $93.67.
Shares of Vornado Realty Trust (VNO) opened at $75.61 on Friday. Vornado Realty Trust has a 1-year low of $71.89 and a 1-year high of $89.38. The firm has a market cap of $14,356.68, a PE ratio of 18.53, a PEG ratio of 4.59 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The company had revenue of $528.76 million during the quarter, compared to the consensus estimate of $545.53 million. During the same period in the prior year, the firm earned $0.35 earnings per share. Vornado Realty Trust’s revenue was up 5.2% on a year-over-year basis. research analysts predict that Vornado Realty Trust will post 3.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Friday, November 3rd. Vornado Realty Trust’s dividend payout ratio is 57.97%.
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About Vornado Realty Trust
Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.
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