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.
Vornado Realty Trust Trading Up 0.0 %
Shares of NYSE:VNO opened at $30.52 on Friday. Vornado Realty Trust has a 12-month low of $27.35 and a 12-month high of $47.26. 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 company has a market cap of $5.85 billion, a price-to-earnings ratio of 46.24 and a beta of 1.27. The stock's 50 day simple moving average is $29.51 and its 200 day simple moving average is $36.97.
Vornado Realty Trust (NYSE:VNO - Get Rating) last issued its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.60). The firm had revenue of $453.49 million for the quarter, compared to analyst estimates of $430.43 million. Vornado Realty Trust had a net margin of 11.52% and a return on equity of 3.07%. The firm's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. Equities research analysts expect that Vornado Realty Trust will post 3.11 EPS for the current year.
Vornado Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors 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 annualized dividend and a yield of 6.95%. Vornado Realty Trust's dividend payout ratio is 321.22%.
Analysts Set New Price Targets
A number of analysts recently issued reports on VNO shares. Mizuho cut their price objective on 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. Deutsche Bank Aktiengesellschaft decreased their target price on Vornado Realty Trust from $44.00 to $33.00 in a research note on Wednesday, July 20th. Piper Sandler cut their price target on Vornado Realty Trust to $24.00 in a research report on Monday, July 4th. StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Wednesday, August 3rd. Finally, BMO Capital Markets lowered Vornado Realty Trust from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $52.00 to $40.00 in a report on Tuesday, May 31st. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $33.14.