Vornado Realty Trust (VNO) Earns Daily Coverage Optimism Score of 0.31
News articles about Vornado Realty Trust (NYSE:VNO) have trended positive on Tuesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vornado Realty Trust earned a news impact score of 0.31 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 47.3443332311544 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Vornado Realty Trust Plans Quarterly Dividend of $0.60 (VNO) (bulhufas.com)
- Vornado Realty Trust : Earnings Review and Free Research Report: Vornado Realty’s Q2 Adjusted FFO per Share Beat Forecasts (4-traders.com)
- Would You Buy Vornado Realty Trust (NYSE:VNO) On These Analyst Ratings? (fishinghd.com)
- Vornado Realty Trust breached its 50 day moving average in a Bearish Manner : VNO-US : August 11, 2017 (finance.yahoo.com)
Several equities research analysts have recently issued reports on the company. Evercore ISI reiterated an “outperform” rating and set a $87.00 price target (up from $86.00) on shares of Vornado Realty Trust in a report on Wednesday, August 2nd. Citigroup Inc. reduced their price target on Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating for the company in a report on Wednesday, July 19th. BidaskClub lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and set a $81.00 price target on shares of Vornado Realty Trust in a report on Saturday, July 22nd. Finally, Zacks Investment Research lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $100.75.
Vornado Realty Trust (NYSE VNO) traded down 0.88% during midday trading on Tuesday, reaching $76.25. The company had a trading volume of 970,206 shares. Vornado Realty Trust has a 52-week low of $75.45 and a 52-week high of $111.72. The company’s 50-day moving average is $78.58 and its 200 day moving average is $94.64. The company has a market cap of $14.45 billion, a PE ratio of 16.47 and a beta of 0.97.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.09. The business had revenue of $626.04 million during the quarter, compared to the consensus estimate of $633.19 million. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. Vornado Realty Trust’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company earned $1.21 earnings per share. On average, equities research analysts forecast that Vornado Realty Trust will post $1.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.40 annualized dividend and a yield of 3.15%. Vornado Realty Trust’s dividend payout ratio (DPR) is presently 51.72%.
Vornado Realty Trust Company Profile
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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