Vornado Realty Trust (NYSE:VNO) was the target of unusually large options trading activity on Friday.Stock traders purchased 3,970 call options on the stock.This is an increase of 200% compared to the typical daily volume of 1,323 call options.
NYSE VNO opened at $40.17 on Friday.The company’s fifty day simple moving average is $38.49 and its 200-day simple moving average is $52.41.Vornado Realty Trust has a 52 week low of $27.64 and a 52 week high of $68.68.The company has a current ratio of 6.17, a quick ratio of 6.17 and a debt-to-equity ratio of 1.24.The stock has a market cap of $7.43 billion, a P/E ratio of 2.63, a PEG ratio of 4.57 and a beta of 1.40.
Get Vornado Realty Trust alerts: Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, May 4th.The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12).
Vornado Realty Trust had a return on equity of 2.96% and a net margin of 161.97%.The firm had revenue of $444.50 million for the quarter, compared to analyst estimates of $432.86 million.During the same period in the previous year, the firm posted $0.95 earnings per share.The company’s revenue for the quarter was down 16.9% on a year-over-year basis.
On average, research analysts expect that Vornado Realty Trust will post 2.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd.Stockholders of record on Monday, May 11th were given a dividend of $0.66 per share.
The ex-dividend date was Friday, May 8th.This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.57%.
Vornado Realty Trust’s payout ratio is currently 75.64%.
Hedge funds and other institutional investors have recently bought and sold shares of the company.Aperio Group LLC lifted its position in shares of Vornado Realty Trust by 156.1% during the first quarter.Aperio Group LLC now owns 179,758 shares of the real estate investment trust’s stock worth $6,509,000 after purchasing an additional 109,578 shares in the last quarter.Crabel Capital Management LLC bought a new stake in shares of Vornado Realty Trust in the fourth quarter worth $399,000.
BlackRock Inc.
increased its stake in shares of Vornado Realty Trust by 2.0% in the first quarter.BlackRock Inc.now owns 15,970,355 shares of the real estate investment trust’s stock worth $578,289,000 after buying an additional 315,162 shares during the last quarter.State Board of Administration of Florida Retirement System increased its stake in shares of Vornado Realty Trust by 5.6% in the first quarter.State Board of Administration of Florida Retirement System now owns 252,428 shares of the real estate investment trust’s stock worth $9,140,000 after buying an additional 13,280 shares during the last quarter.Finally, AlphaCrest Capital Management LLC increased its stake in shares of Vornado Realty Trust by 56.4% in the first quarter.AlphaCrest Capital Management LLC now owns 10,576 shares of the real estate investment trust’s stock worth $383,000 after buying an additional 3,815 shares during the last quarter.
78.73% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on VNO shares.Zacks Investment Research cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating and set a $36.00 target price on the stock.in a research report on Tuesday, May 26th.Bank of America cut shares of Vornado Realty Trust from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock.
in a research report on Thursday, February 20th.Goldman Sachs Group cut shares of Vornado Realty Trust from a “neutral” rating to a “sell” rating in a research report on Thursday, April 2nd.Citigroup cut shares of Vornado Realty Trust from a “buy” rating to a “neutral” rating and reduced their price target for the company from $73.00 to $35.00 in a research report on Tuesday, April 7th.
Finally, Piper Sandler reduced their price target on shares of Vornado Realty Trust from $67.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th.
Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company.Vornado Realty Trust currently has an average rating of “Hold” and a consensus price target of $52.73.
Vornado Realty Trust Company Profile
Vornado’s portfolio is concentrated in the nation’s key market New York City along with the premier asset in both Chicago and San Francisco.Vornado is also the real estate industry leader in sustainability policy.The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.
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