Vornado Realty Trust (NYSE:VNO) Reaches New 52-Week Low at $59.33

Vornado Realty Trust (NYSE:VNO)’s stock price reached a new 52-week low on Friday . The company traded as low as $59.33 and last traded at $59.45, with a volume of 234437 shares traded. The stock had previously closed at $60.20.

A number of equities analysts have weighed in on VNO shares. SunTrust Banks cut their price target on shares of Vornado Realty Trust to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “buy” rating and set a $79.00 price target on shares of Vornado Realty Trust in a research note on Wednesday, July 31st. Scotiabank raised shares of Vornado Realty Trust from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, July 9th. Barclays reaffirmed a “hold” rating and set a $76.00 price target on shares of Vornado Realty Trust in a research note on Thursday, July 18th. Finally, ValuEngine raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $76.00.

The firm’s 50-day moving average price is $63.35 and its 200-day moving average price is $66.49. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 4.53 and a beta of 0.97. The company has a debt-to-equity ratio of 1.14, a current ratio of 4.87 and a quick ratio of 4.87.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.72). Vornado Realty Trust had a return on equity of 8.53% and a net margin of 139.71%. The business had revenue of $463.10 million during the quarter, compared to analyst estimates of $517.72 million. During the same period in the previous year, the company earned $0.36 EPS. Vornado Realty Trust’s revenue was down 14.5% on a year-over-year basis. On average, sell-side analysts anticipate that Vornado Realty Trust will post 3.49 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Friday, August 2nd. Vornado Realty Trust’s payout ratio is currently 70.21%.

Several institutional investors have recently added to or reduced their stakes in the company. Colony Group LLC acquired a new stake in shares of Vornado Realty Trust in the second quarter worth $274,000. Uniplan Investment Counsel Inc. increased its position in shares of Vornado Realty Trust by 1.2% in the second quarter. Uniplan Investment Counsel Inc. now owns 291,525 shares of the real estate investment trust’s stock worth $18,686,000 after acquiring an additional 3,358 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Vornado Realty Trust by 7.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,546 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 180 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Vornado Realty Trust by 22.5% in the second quarter. California Public Employees Retirement System now owns 1,326,366 shares of the real estate investment trust’s stock worth $85,020,000 after acquiring an additional 243,221 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of Vornado Realty Trust by 132.4% in the second quarter. Voloridge Investment Management LLC now owns 17,619 shares of the real estate investment trust’s stock worth $1,129,000 after acquiring an additional 10,037 shares in the last quarter. 76.72% of the stock is owned by institutional investors.

About Vornado Realty Trust (NYSE:VNO)

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.

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