Vornado Realty Trust (NYSE:VNO) Releases Quarterly Earnings Results, Beats Expectations By $0.66 EPS

Vornado Realty Trust (NYSE:VNO) posted its quarterly earnings results on Monday. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66, Zacks reports. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%.

Vornado Realty Trust Trading Up 0.9 %

Vornado Realty Trust stock opened at $42.75 on Wednesday. The company has a 50 day moving average of $42.16 and a 200-day moving average of $39.44. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63.

Vornado Realty Trust Increases Dividend

The business 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 is an increase from Vornado Realty Trust’s previous quarterly dividend of $0.30. This represents a $2.96 annualized dividend and a yield of 6.92%. The ex-dividend date of this dividend was Monday, December 16th. Vornado Realty Trust’s dividend payout ratio (DPR) is -255.17%.

Analysts Set New Price Targets

VNO has been the subject of a number of analyst reports. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Piper Sandler reiterated a “neutral” rating and issued a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Scotiabank raised their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Evercore ISI boosted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Barclays increased their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. 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 company’s stock. According to data from MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $37.61.

About Vornado Realty Trust

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