BMO Capital Markets assumed coverage on shares of Vornado Realty Trust (NYSE:VNO) in a report published on Friday. The firm issued an outperform rating and a $85.00 price target on the real estate investment trust’s stock.
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. downgraded Vornado Realty Trust from an overweight rating to a neutral rating and set a $92.00 target price on the stock. in a research note on Friday, December 15th. TheStreet upgraded Vornado Realty Trust from a c+ rating to a b- rating in a research note on Monday, December 18th. SunTrust Banks upgraded Vornado Realty Trust from a hold rating to a buy rating in a research note on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research downgraded Vornado Realty Trust from a hold rating to a sell rating in a research note on Monday, January 29th. Finally, Barclays reiterated a hold rating and set a $75.00 target price on shares of Vornado Realty Trust in a research note on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $86.62.
Vornado Realty Trust (VNO) traded up $0.89 during trading on Friday, hitting $69.51. The company had a trading volume of 1,450,256 shares, compared to its average volume of 1,026,980. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $13,036.70, a P/E ratio of 81.78, a P/E/G ratio of 4.17 and a beta of 0.90. Vornado Realty Trust has a 52 week low of $65.16 and a 52 week high of $84.71.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $536.23 million for the quarter, compared to the consensus estimate of $532.81 million. Vornado Realty Trust had a return on equity of 5.44% and a net margin of 9.10%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.43 EPS. research analysts predict that Vornado Realty Trust will post 3.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, January 29th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 3.63%. This is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.60. The ex-dividend date was Friday, January 26th. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 296.47%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VNO. Fieldpoint Private Securities LLC bought a new position in shares of Vornado Realty Trust during the 3rd quarter valued at $100,000. Assetmark Inc. lifted its holdings in shares of Vornado Realty Trust by 5,978.3% during the 4th quarter. Assetmark Inc. now owns 1,398 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,375 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of Vornado Realty Trust during the 4th quarter valued at $134,000. West Oak Capital LLC bought a new position in shares of Vornado Realty Trust during the 4th quarter valued at $138,000. Finally, Huntington National Bank lifted its holdings in shares of Vornado Realty Trust by 167.3% during the 4th quarter. Huntington National Bank now owns 1,903 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,191 shares during the period. 88.82% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This story was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/03/17/vornado-realty-trust-vno-receives-new-coverage-from-analysts-at-bmo-capital-markets.html.
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.
Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.