Vornado Realty Trust Declares Quarterly Dividend of $0.73 (VNO)
Vornado Realty Trust (NYSE:VNO) declared a quarterly dividend on Thursday, January 17th. Investors of record on Monday, January 28th will be given a dividend of $0.73 per share on Tuesday, February 19th. This represents a $2.92 dividend on an annualized basis and a yield of 3.50%.
A number of analysts have recently weighed in on VNO shares. Analysts at JPMorgan Chase upgraded shares of Vornado Realty Trust from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday. They now have a $95.00 price target on the stock. On the ratings front, analysts at Deutsche Bank raised their price target on shares of Vornado Realty Trust from $82.00 to $84.00 in a research note to investors on Wednesday, January 9th. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Vornado Realty Trust in a research note to investors on Friday, December 7th. They now have a $79.00 price target on the stock.
Four equities research analysts have rated the stock with a buy rating, and nine have assigned a hold rating to the company. Vornado Realty Trust presently has an average rating of “overweight” and a consensus price target of $86.50.
Vornado Realty Trust (VNO) traded up 0.36% on Thursday, hitting $83.46. Vornado Realty Trust (VNO) has a 1-year low of $72.64 and a 1-year high of $88.50. The stock’s 50-day moving average is currently $79.26. The company has a market cap of $15.535 billion and a price-to-earnings ratio of 27.86.
Vornado Realty Trust last announced its earnings results on Thursday, November 1st. The company reported $1.14 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.14. The company had revenue of $710.98 million for the quarter, compared to the consensus estimate of $659.00 million. Vornado Realty Trust’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Vornado Realty Trust (VNO) will post $5.24 earnings per share for the current fiscal year.
Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT). Vornado conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.
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