News articles about Vornado Realty Trust (NYSE:VNO) have trended positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Vornado Realty Trust earned a media sentiment score of 0.38 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.4051764949393 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Vornado Realty Trust (VNO) Expected to Post Quarterly Sales of $532.26 Million (americanbankingnews.com)
- Analysts Expect Vornado Realty Trust (VNO) to Post $0.97 Earnings Per Share (americanbankingnews.com)
- At Toys ‘R’ Us, a $200 Million Debt Problem Could Lead to $348 Million in Fees (nytimes.com)
- Propark America Adds Latest Retail Parking Account to New York Management Portfolio (prweb.com)
Several equities analysts have recently commented on VNO shares. SunTrust Banks upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Sandler O’Neill set a $76.00 price target on Vornado Realty Trust and gave the company a “buy” rating in a research note on Thursday, March 15th. JPMorgan Chase cut their price target on Vornado Realty Trust from $92.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 26th. Finally, Barclays restated a “hold” rating and set a $72.00 price target on shares of Vornado Realty Trust in a research note on Tuesday, April 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Vornado Realty Trust has an average rating of “Hold” and a consensus price target of $85.00.
VNO stock traded down $0.69 during trading on Wednesday, reaching $66.64. 853,900 shares of the company traded hands, compared to its average volume of 1,125,417. Vornado Realty Trust has a 12 month low of $66.82 and a 12 month high of $67.92. The company has a market cap of $13.12 billion, a P/E ratio of 17.87 and a beta of 0.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Vornado Realty Trust had a return on equity of 5.04% and a net margin of 7.01%. The company had revenue of $536.23 million for the quarter, compared to the consensus estimate of $532.81 million. During the same quarter last year, the company earned $3.43 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. analysts anticipate that Vornado Realty Trust will post 3.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 18th. Investors of record on Monday, May 7th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, May 4th. Vornado Realty Trust’s payout ratio is currently 67.56%.
About Vornado Realty Trust
Vornado Realty Trust is a preeminent owner, manager and developer of office and retail assets. 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.
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