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.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vornado Realty Trust from $44.00 to $33.00 in a research report on Wednesday, July 20th. BMO Capital Markets cut shares of Vornado Realty Trust from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $52.00 to $40.00 in a report on Tuesday, May 31st. Morgan Stanley decreased their target price on shares of Vornado Realty Trust from $30.00 to $25.00 and set an "underweight" rating on the stock in a research report on Tuesday, July 19th. Piper Sandler reduced their price target on shares of Vornado Realty Trust to $24.00 in a research report on Monday, July 4th. Finally, StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, August 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $33.14.
Vornado Realty Trust Price Performance
NYSE:VNO traded down $0.02 on Thursday, hitting $29.52. The company had a trading volume of 1,178,807 shares, compared to its average volume of 1,693,279. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 44.79 and a beta of 1.27. The company has a current ratio of 5.13, a quick ratio of 5.13 and a debt-to-equity ratio of 1.53. The firm has a 50 day moving average of $29.32 and a two-hundred day moving average of $36.76. Vornado Realty Trust has a 52 week low of $27.35 and a 52 week high of $47.26.
Vornado Realty Trust (NYSE:VNO - Get Rating) last issued its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.60). The company had revenue of $453.49 million during the quarter, compared to the consensus estimate of $430.43 million. Vornado Realty Trust had a net margin of 11.52% and a return on equity of 3.07%. Vornado Realty Trust's revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. On average, research analysts anticipate that Vornado Realty Trust will post 3.11 earnings per share for the current year.
Vornado Realty Trust Dividend Announcement
The firm also recently declared 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. This represents a $2.12 annualized dividend and a dividend yield of 7.18%. The ex-dividend date is Friday, August 5th. Vornado Realty Trust's payout ratio is currently 321.22%.