Sandler O’Neill lowered shares of Vornado Realty Trust (NYSE:VNO) from a buy rating to a hold rating in a report published on Monday morning, MarketBeat.com reports.

A number of other equities analysts have also recently issued reports on VNO. Zacks Investment Research cut Vornado Realty Trust from a buy rating to a hold rating in a report on Tuesday, October 23rd. ValuEngine cut Vornado Realty Trust from a hold rating to a sell rating in a report on Wednesday, October 3rd. Scotiabank began coverage on Vornado Realty Trust in a report on Tuesday, October 16th. They issued an underperform rating for the company. BMO Capital Markets reissued a buy rating and issued a $85.00 target price on shares of Vornado Realty Trust in a report on Monday, October 29th. Finally, Citigroup dropped their target price on Vornado Realty Trust from $85.00 to $80.00 and set a buy rating for the company in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Vornado Realty Trust has an average rating of Hold and an average price target of $79.80.

Vornado Realty Trust stock opened at $70.81 on Monday. Vornado Realty Trust has a 12 month low of $64.13 and a 12 month high of $79.56. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 4.69 and a beta of 0.92.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, October 29th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). Vornado Realty Trust had a return on equity of 8.55% and a net margin of 16.89%. The company had revenue of $542.05 million during the quarter, compared to analyst estimates of $544.62 million. During the same period in the previous year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that Vornado Realty Trust will post 3.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, November 5th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.56%. Vornado Realty Trust’s payout ratio is presently 67.56%.

In related news, EVP Joseph Macnow sold 23,000 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $70.80, for a total transaction of $1,628,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.04% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd acquired a new stake in Vornado Realty Trust during the 2nd quarter valued at $122,000. Federated Investors Inc. PA increased its holdings in Vornado Realty Trust by 5,125.0% during the 2nd quarter. Federated Investors Inc. PA now owns 2,090 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 2,050 shares in the last quarter. KAMES CAPITAL plc acquired a new stake in Vornado Realty Trust during the 3rd quarter valued at $186,000. Linscomb & Williams Inc. acquired a new stake in Vornado Realty Trust during the 2nd quarter valued at $211,000. Finally, Quantum Capital Management acquired a new stake in Vornado Realty Trust during the 2nd quarter valued at $213,000. 79.19% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Company Profile

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 2017.

See Also: Cost of Equity For A Business, Investors

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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