Favorable Media Coverage Somewhat Unlikely to Impact Vornado Realty Trust (VNO) Share Price
News coverage about Vornado Realty Trust (NYSE:VNO) has been trending positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Vornado Realty Trust earned a news impact score of 0.32 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.2400673099209 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Head to Head Contrast: Vornado Realty Trust (VNO) vs. Its Rivals (americanbankingnews.com)
- VORNADO REALTY TRUST : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Och-Ziff Capital Administration Group LLC, (NYSE: OZM), Vornado Realty Trust, (NYSE: VNO), SiteOne Landscape … – Stocks In The News (press release) (tradingnewsnow.com)
- Vornado Realty Trust breached its 50 day moving average in a Bullish Manner : VNO-US : November 13, 2017 (finance.yahoo.com)
- Investment veterans launch real estate, hospitality buyout vehicle (feeds.reuters.com)
Shares of Vornado Realty Trust (VNO) traded up $0.49 during mid-day trading on Wednesday, hitting $76.63. 951,300 shares of the stock were exchanged, compared to its average volume of 1,146,775. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $14,425.02, a PE ratio of 18.62, a price-to-earnings-growth ratio of 4.62 and a beta of 0.99. Vornado Realty Trust has a 12 month low of $71.89 and a 12 month high of $89.38.
Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.90. The company had revenue of $528.76 million for the quarter, compared to analysts’ expectations of $545.53 million. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. Vornado Realty Trust’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. research analysts anticipate that Vornado Realty Trust will post 3.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be issued a $0.60 dividend. The ex-dividend date is Friday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.13%. Vornado Realty Trust’s payout ratio is 57.97%.
Several equities research analysts have commented on the stock. Evercore ISI reissued an “outperform” rating and set a $87.00 price target (up from $86.00) on shares of Vornado Realty Trust in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Sandler O’Neill reissued a “buy” rating and set a $90.00 price target on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. Argus raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, August 24th. Finally, Barclays PLC reissued a “hold” rating and set a $80.00 price target on shares of Vornado Realty Trust in a research report on Thursday, October 19th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $93.67.
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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.
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