Shares of Vornado Realty Trust (NYSE:VNO) have been given an average recommendation of “Buy” by the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $94.18.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Barclays PLC reiterated a “hold” rating and issued a $80.00 price objective on shares of Vornado Realty Trust in a research report on Thursday, October 19th. Morgan Stanley upgraded Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $81.00 to $84.00 in a research report on Tuesday, October 10th. Sandler O’Neill reiterated a “buy” rating and issued a $90.00 price objective on shares of Vornado Realty Trust in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $86.00 to $77.00 in a research report on Wednesday, August 30th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VNO. Fieldpoint Private Securities LLC purchased a new stake in Vornado Realty Trust during the third quarter valued at about $100,000. Bessemer Group Inc. raised its position in Vornado Realty Trust by 62.1% during the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 419 shares in the last quarter. Sun Life Financial INC raised its position in Vornado Realty Trust by 13,866.7% during the second quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,248 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Vornado Realty Trust by 56.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,996 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 718 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its position in Vornado Realty Trust by 56.5% during the second quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 785 shares in the last quarter. Institutional investors and hedge funds own 85.46% of the company’s stock.

Vornado Realty Trust (VNO) traded down $0.60 during trading hours on Friday, hitting $76.15. The company’s stock had a trading volume of 261,028 shares, compared to its average volume of 961,156. The stock has a market capitalization of $14,459.21, a P/E ratio of 18.66, a P/E/G ratio of 4.56 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. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.90. The firm had revenue of $528.76 million for the quarter, compared to the consensus estimate of $545.53 million. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 earnings per share. equities analysts forecast that Vornado Realty Trust will post 3.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were given a dividend of $0.60 per share. The ex-dividend date was Friday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 3.15%. Vornado Realty Trust’s payout ratio is 57.97%.

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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.

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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