Vornado Realty Trust (NYSE: VNO) recently received a number of ratings updates from brokerages and research firms:

  • 8/2/2017 – Vornado Realty Trust had its “outperform” rating reaffirmed by analysts at Evercore ISI. They now have a $87.00 price target on the stock, up previously from $86.00.
  • 7/28/2017 – Vornado Realty Trust was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/22/2017 – Vornado Realty Trust had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $81.00 price target on the stock.
  • 7/21/2017 – Vornado Realty Trust had its “outperform” rating reaffirmed by analysts at Evercore ISI. They now have a $86.00 price target on the stock, down previously from $106.00.
  • 7/19/2017 – Vornado Realty Trust had its price target lowered by analysts at Citigroup Inc. from $96.17 to $92.00. They now have a “buy” rating on the stock.
  • 7/18/2017 – Vornado Realty Trust had its price target lowered by analysts at Barclays PLC from $104.00 to $103.00. They now have an “equal weight” rating on the stock.
  • 7/10/2017 – Vornado Realty Trust was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $106.00 price target on the stock.
  • 6/27/2017 – Vornado Realty Trust was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/22/2017 – Vornado Realty Trust had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $113.00 price target on the stock, up previously from $112.00.
  • 6/20/2017 – Vornado Realty Trust was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 6/14/2017 – Vornado Realty Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Vornado underperformed the Zacks categorized REIT and Equity Trust – Other industry over the past three months. Also, the second quarter 2017 funds from operations (FFO) per share estimates declined in the last 30 days. In May, Vornado came out with lower-than-expected first-quarter 2017 FFO per share, reflecting a fall in occupancy in the Washington DC portfolio. As part of its portfolio-repositioning efforts, the company is aggressively disposing its assets, which has earnings dilutive effects. Further, stiff competition and hike in interest rates remain its concerns. Nevertheless, Vornado has Class A office assets located in high-rent, high barrier-to-entry markets and a diverse tenant base. Also, strategic acquisitions and divestitures including spin-offs and a decent New York business have the capability to drive long-term growth.”
  • 6/13/2017 – Vornado Realty Trust had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $95.00 price target on the stock, down previously from $111.00.

Shares of Vornado Realty Trust (NYSE:VNO) opened at 76.64 on Friday. The company has a market cap of $14.52 billion, a price-to-earnings ratio of 16.55 and a beta of 0.97. The firm has a 50-day moving average of $77.54 and a 200-day moving average of $80.39. Vornado Realty Trust has a one year low of $69.81 and a one year high of $90.32.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The business had revenue of $626.04 million for the quarter, compared to the consensus estimate of $633.19 million. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts forecast that Vornado Realty Trust will post $1.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, August 3rd. Vornado Realty Trust’s dividend payout ratio is currently 51.72%.

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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