Vornado Realty Trust (NYSE:VNO) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Vornado Realty Trust (NYSE:VNO) from a hold rating to a sell rating in a research note issued to investors on Saturday.

A number of other research firms have also recently weighed in on VNO. Scotiabank dropped their price objective on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 14th. Mizuho decreased their target price on shares of Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a report on Monday, December 29th. Truist Financial reduced their price objective on Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. upgraded Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 target price on the stock in a research report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $37.67.

Vornado Realty Trust Stock Up 1.9%

Shares of Vornado Realty Trust stock opened at $29.90 on Friday. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 5.19 and a beta of 1.52. Vornado Realty Trust has a twelve month low of $28.08 and a twelve month high of $43.37. The company has a current ratio of 5.25, a quick ratio of 5.58 and a debt-to-equity ratio of 1.44. The business’s 50 day simple moving average is $32.94 and its 200-day simple moving average is $36.37.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The company had revenue of $453.71 million for the quarter, compared to the consensus estimate of $440.23 million. During the same quarter in the previous year, the company earned $0.61 earnings per share. Vornado Realty Trust’s quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, December 29th. Investors of record on Thursday, December 18th were paid a dividend of $0.74 per share. This represents a dividend yield of 220.0%. The ex-dividend date was Thursday, December 18th. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 17.66%.

Hedge Funds Weigh In On Vornado Realty Trust

Several hedge funds have recently modified their holdings of VNO. Danske Bank A S acquired a new stake in shares of Vornado Realty Trust in the third quarter valued at $28,000. Farmers & Merchants Investments Inc. raised its position in Vornado Realty Trust by 512.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 718 shares in the last quarter. Advisory Services Network LLC bought a new stake in Vornado Realty Trust in the third quarter worth about $33,000. Employees Retirement System of Texas acquired a new stake in Vornado Realty Trust in the 4th quarter valued at about $36,000. Finally, Westside Investment Management Inc. boosted its position in shares of Vornado Realty Trust by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 443 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.