ValuEngine cut shares of Vornado Realty Trust (NYSE:VNO) from a hold rating to a sell rating in a research report report published on Wednesday morning, ValuEngine reports.

A number of other equities research analysts have also recently commented on VNO. Morgan Stanley cut Silicon Motion Technology from an equal weight rating to an underweight rating in a research report on Monday, April 22nd. Deutsche Bank dropped their target price on Vornado Realty Trust from $80.00 to $73.00 and set a hold rating on the stock in a research report on Wednesday, April 10th. Zacks Investment Research cut GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research report on Monday, May 6th. SunTrust Banks reiterated a buy rating and issued a $20.00 price objective on shares of ANGI Homeservices in a report on Wednesday, May 22nd. Finally, Scotiabank cut Mid-America Apartment Communities from a sector perform rating to a sector underperform rating and lowered their price objective for the stock from $114.00 to $107.00 in a report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $76.38.

NYSE:VNO opened at $63.92 on Wednesday. Vornado Realty Trust has a 52 week low of $59.48 and a 52 week high of $77.59. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.93 and a quick ratio of 3.93. The firm has a market cap of $12.13 billion, a PE ratio of 17.00, a PEG ratio of 3.78 and a beta of 0.96. The company’s 50-day simple moving average is $65.56.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, April 29th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.78). Vornado Realty Trust had a net margin of 28.76% and a return on equity of 10.19%. The business had revenue of $534.67 million for the quarter, compared to analyst estimates of $583.32 million. During the same quarter last year, the business earned $0.30 earnings per share. Vornado Realty Trust’s revenue was down .3% on a year-over-year basis. As a group, equities research analysts expect that Vornado Realty Trust will post 3.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 5th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Friday, August 2nd. Vornado Realty Trust’s payout ratio is 70.21%.

A number of hedge funds have recently bought and sold shares of VNO. Steward Partners Investment Advisory LLC acquired a new stake in Vornado Realty Trust in the 2nd quarter worth about $33,000. Rational Advisors LLC boosted its holdings in Vornado Realty Trust by 375.5% in the 1st quarter. Rational Advisors LLC now owns 718 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 567 shares during the last quarter. Pearl River Capital LLC acquired a new stake in Vornado Realty Trust in the 1st quarter worth about $64,000. Whitener Capital Management Inc. lifted its stake in Vornado Realty Trust by 46.1% in the 1st quarter. Whitener Capital Management Inc. now owns 951 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 300 shares in the last quarter. Finally, First Hawaiian Bank lifted its stake in Vornado Realty Trust by 476.2% in the 1st quarter. First Hawaiian Bank now owns 1,331 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 77.47% of the company’s stock.

Vornado Realty Trust Company Profile

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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Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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