Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019. In 2012, Vornado commemorated 50 years on the NYSE.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. Piper Sandler dropped their target price on shares of Vornado Realty Trust to $24.00 in a research report on Monday, July 4th. Morgan Stanley lowered their price objective on shares of Vornado Realty Trust from $30.00 to $25.00 and set an "underweight" rating for the company in a research report on Tuesday, July 19th. Mizuho lowered their price objective on shares of Vornado Realty Trust from $38.00 to $32.00 and set an "underperform" rating for the company in a research report on Wednesday, July 6th. Truist Financial lowered their price objective on shares of Vornado Realty Trust from $41.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday, June 30th. Finally, BMO Capital Markets cut shares of Vornado Realty Trust from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $52.00 to $40.00 in a research report on Tuesday, May 31st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given 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 $33.14.
Vornado Realty Trust Stock Down 0.8 %
NYSE:VNO traded down $0.24 on Friday, reaching $27.66. The company had a trading volume of 3,005,337 shares, compared to its average volume of 2,175,776. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 41.91 and a beta of 1.27. The company has a debt-to-equity ratio of 1.53, a quick ratio of 4.70 and a current ratio of 5.13. Vornado Realty Trust has a 1-year low of $27.35 and a 1-year high of $47.26. The company's fifty day moving average is $30.00 and its 200-day moving average is $37.37.
Vornado Realty Trust (NYSE:VNO - Get Rating) last announced its earnings results on Monday, August 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.60). Vornado Realty Trust had a return on equity of 3.07% and a net margin of 11.52%. The company had revenue of $453.49 million during the quarter, compared to analyst estimates of $430.43 million. During the same period in the previous year, the company posted $0.69 earnings per share. Vornado Realty Trust's revenue for the quarter was up 19.7% on a year-over-year basis. On average, research analysts forecast that Vornado Realty Trust will post 3.12 earnings per share for the current fiscal year.
Vornado Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Monday, August 8th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, August 5th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 7.66%. Vornado Realty Trust's dividend payout ratio is 321.22%.