Vornado Realty Trust (VNO) Stock Rating Lowered by TheStreet

TheStreet lowered shares of Vornado Realty Trust (NYSE:VNO) from a b- rating to a c rating in a research report report published on Tuesday.

A number of other equities research analysts also recently issued reports on VNO. SunTrust Banks raised shares of Vornado Realty Trust from a hold rating to a buy rating in a research report on Monday, January 22nd. They noted that the move was a valuation call. Barclays reaffirmed a hold rating and issued a $80.00 price objective on shares of Vornado Realty Trust in a research report on Thursday, October 19th. Zacks Investment Research downgraded shares of Vornado Realty Trust from a hold rating to a sell rating in a research report on Wednesday, November 1st. JPMorgan Chase & Co. downgraded shares of Vornado Realty Trust from an overweight rating to a neutral rating and set a $92.00 price objective for the company. in a research report on Friday, December 15th. Finally, Sandler O’Neill set a $75.00 price objective on shares of Vornado Realty Trust and gave the stock a buy rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $88.09.

Shares of Vornado Realty Trust (NYSE:VNO) opened at $66.08 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20. The company has a market cap of $12,816.31, a PE ratio of 17.17, a PEG ratio of 4.06 and a beta of 0.86. Vornado Realty Trust has a 52-week low of $65.29 and a 52-week high of $89.38.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $536.23 million during the quarter, compared to the consensus estimate of $532.81 million. Vornado Realty Trust had a net margin of 9.10% and a return on equity of 5.44%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.43 earnings per share. research analysts anticipate that Vornado Realty Trust will post 3.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, January 29th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 3.81%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, January 26th. Vornado Realty Trust’s payout ratio is presently 296.47%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in Vornado Realty Trust by 7.9% in the third quarter. Pacer Advisors Inc. now owns 9,661 shares of the real estate investment trust’s stock valued at $743,000 after acquiring an additional 706 shares during the last quarter. Calamos Advisors LLC boosted its stake in Vornado Realty Trust by 3.8% in the third quarter. Calamos Advisors LLC now owns 19,321 shares of the real estate investment trust’s stock valued at $1,485,000 after acquiring an additional 708 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Vornado Realty Trust by 56.2% in 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 acquiring an additional 718 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in Vornado Realty Trust by 0.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 159,609 shares of the real estate investment trust’s stock valued at $12,478,000 after acquiring an additional 762 shares during the last quarter. Finally, Comerica Bank boosted its stake in Vornado Realty Trust by 1.6% in the third quarter. Comerica Bank now owns 49,676 shares of the real estate investment trust’s stock valued at $3,596,000 after acquiring an additional 763 shares during the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.

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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.

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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