Vornado Realty Trust (NYSE:VNO) Given New $44.00 Price Target at Compass Point

Vornado Realty Trust (NYSE:VNO) had its target price hoisted by Compass Point from $40.00 to $44.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

VNO has been the topic of a number of other research reports. Piper Sandler reissued a “neutral” rating and issued a $44.00 price target (up previously from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. StockNews.com raised Vornado Realty Trust to a “sell” rating in a research note on Tuesday, November 12th. Evercore ISI raised their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Truist Financial raised their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Vornado Realty Trust has an average rating of “Hold” and an average price target of $37.98.

Vornado Realty Trust Stock Performance

VNO stock opened at $42.15 on Wednesday. The business’s fifty day moving average is $42.13 and its 200-day moving average is $39.46. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. Research analysts predict that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Vornado Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date was Monday, December 16th. This is a boost from Vornado Realty Trust’s previous quarterly dividend of $0.30. Vornado Realty Trust’s dividend payout ratio is -255.17%.

Hedge Funds Weigh In On Vornado Realty Trust

Large investors have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in Vornado Realty Trust during the 4th quarter worth about $32,000. UMB Bank n.a. grew its holdings in shares of Vornado Realty Trust by 53.2% in the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Vornado Realty Trust by 1,014.0% in the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 872 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Vornado Realty Trust by 331.0% in the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 844 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 661 shares in the last quarter. Institutional investors 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.