Vornado Realty Trust (VNO) Given Coverage Optimism Rating of 0.27

Headlines about Vornado Realty Trust (NYSE:VNO) have trended positive on Wednesday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vornado Realty Trust earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.5959388589112 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

A number of brokerages have weighed in on VNO. Zacks Investment Research raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Tuesday, October 17th. Stifel Nicolaus downgraded shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $86.00 to $77.00 in a research note on Wednesday, August 30th. Argus raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Thursday, August 24th. Sandler O’Neill reissued a “buy” rating and set a $90.00 price target on shares of Vornado Realty Trust in a research note on Tuesday, September 26th. Finally, Barclays reissued a “hold” rating and set a $80.00 price target on shares of Vornado Realty Trust in a research note on Thursday, October 19th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Vornado Realty Trust has a consensus rating of “Buy” and a consensus target price of $91.73.

Vornado Realty Trust (NYSE:VNO) traded down $0.49 on Wednesday, hitting $76.42. 2,176,732 shares of the company were exchanged, compared to its average volume of 1,137,700. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $14,681.36, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 4.63 and a beta of 0.99. Vornado Realty Trust has a twelve month low of $71.89 and a twelve month high of $89.38.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a net margin of 35.23% and a return on equity of 4.73%. The firm had revenue of $528.76 million during the quarter, compared to the consensus estimate of $545.53 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. equities analysts anticipate that Vornado Realty Trust will post 3.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.14%. The ex-dividend date was Friday, November 3rd. Vornado Realty Trust’s payout ratio is presently 57.97%.

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About Vornado Realty Trust

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.

Insider Buying and Selling by Quarter for Vornado Realty Trust (NYSE:VNO)

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