Vornado Realty Trust (NYSE:VNO) Upgraded at Mizuho

Mizuho upgraded shares of Vornado Realty Trust (NYSE:VNO) from a neutral rating to an outperform rating in a research report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has $48.00 price target on the real estate investment trust’s stock, up from their previous price target of $38.00.

VNO has been the subject of a number of other research reports. Truist Financial raised their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Barclays raised their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Compass Point upped their price target on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Scotiabank raised their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, Evercore ISI upped their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.61.

Vornado Realty Trust Price Performance

VNO stock opened at $39.99 on Tuesday. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. The firm has a market capitalization of $7.62 billion, a PE ratio of -137.90 and a beta of 1.62. The business has a 50 day simple moving average of $42.67 and a 200-day simple moving average of $36.98.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The company had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. During the same period last year, the business earned $0.66 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts anticipate that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 7.40%. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 16th. Vornado Realty Trust’s payout ratio is presently -255.17%.

Institutional Trading of Vornado Realty Trust

Several hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in Vornado Realty Trust by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock valued at $1,534,000 after buying an additional 272 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Vornado Realty Trust by 0.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock worth $2,731,000 after acquiring an additional 299 shares in the last quarter. US Bancorp DE raised its position in shares of Vornado Realty Trust by 1.8% during the 3rd quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 311 shares in the last quarter. Vert Asset Management LLC lifted its stake in Vornado Realty Trust by 0.5% during the third quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust’s stock worth $2,690,000 after purchasing an additional 324 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Vornado Realty Trust by 8.1% in the fourth quarter. GAMMA Investing LLC now owns 4,768 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 356 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.