Somewhat Positive Press Coverage Somewhat Unlikely to Affect Vornado Realty Trust (VNO) Share Price
News coverage about Vornado Realty Trust (NYSE:VNO) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Vornado Realty Trust earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.5833420239157 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Trump adviser denies he cheered end of tunnel funding deal (marketbeat.com)
- [$$] Not So Preferred: Higher Rates Clobber Perpetual Preferred Shares (finance.yahoo.com)
- Vornado’s Hint at Selling Kushner Tower Is Just a Tactic to Some (finance.yahoo.com)
- Vornado Realty Trust (VNO) Tops Q4 EPS by 4c; AFFO of $0.98 (streetinsider.com)
- Vornado Realty (VNO) Q4 FFO and Revenues Beat Estimates (zacks.com)
Shares of Vornado Realty Trust (VNO) traded down $0.14 on Tuesday, hitting $67.46. 2,085,212 shares of the stock were exchanged, compared to its average volume of 1,321,087. The stock has a market capitalization of $12,852.84, a price-to-earnings ratio of 16.29, a PEG ratio of 4.08 and a beta of 0.86. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 12-month low of $65.49 and a 12-month high of $89.38.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, January 29th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, January 26th. This is a positive change from Vornado Realty Trust’s previous quarterly dividend of $0.60. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.74%. Vornado Realty Trust’s payout ratio is 60.87%.
Several equities analysts have issued reports on VNO shares. Barclays reaffirmed a “hold” rating and issued a $75.00 price target on shares of Vornado Realty Trust in a report on Wednesday, January 31st. Zacks Investment Research lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. lowered shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target on the stock. in a report on Friday, December 15th. SunTrust Banks raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, TheStreet raised shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $89.45.
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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.
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