Vornado Realty Trust (VNO) Receives News Impact Score of 0.27
Press coverage about Vornado Realty Trust (NYSE:VNO) has trended positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. 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 media sentiment score of 0.27 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.3821148068721 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Toys ‘R’ Us mulls bankruptcy filing: Wall Street Journal (reuters.com)
- Vornado Realty Trust’s Series I Preferred Shares Cross 6.5% Yield Mark (nasdaq.com)
- VORNADO REALTY TRUST (NYSE:VNO) Files An 8-K Regulation FD Disclosure (4-traders.com)
- Vornado Realty Trust (VNO) Upgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Toys ‘R’ Us: No Game Changer For Vornado Realty (finance.yahoo.com)
Vornado Realty Trust (NYSE:VNO) opened at 75.11 on Friday. The firm has a 50-day moving average price of $75.83 and a 200 day moving average price of $78.21. Vornado Realty Trust has a 1-year low of $69.81 and a 1-year high of $90.32. The company has a market capitalization of $14.23 billion, a P/E ratio of 16.22 and a beta of 0.99.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.09. The firm had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. On average, equities analysts predict that Vornado Realty Trust will post $1.22 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, August 3rd. Vornado Realty Trust’s dividend payout ratio is presently 51.72%.
VNO has been the subject of a number of recent research reports. Deutsche Bank AG cut their price objective on Vornado Realty Trust from $105.00 to $103.00 and set a “hold” rating for the company in a research note on Thursday, May 25th. BidaskClub upgraded Vornado Realty Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Morgan Stanley reiterated an “equal weight” rating and set a $95.00 price objective (down from $111.00) on shares of Vornado Realty Trust in a research note on Tuesday, June 13th. Zacks Investment Research downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $113.00 price objective (up from $112.00) on shares of Vornado Realty Trust in a research note on Thursday, June 22nd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $96.30.
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Vornado Realty Trust Company Profile
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.
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