Vornado Realty Trust (NYSE:VNO) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Tuesday, The Fly reports. They presently have a $97.00 price target on the real estate investment trust’s stock, down from their prior price target of $103.00. Barclays’ price objective points to a potential upside of 6.42% from the company’s previous close.

Several hedge funds have recently added to or reduced their stakes in VNO. BB&T Securities increased its stake in Vornado Realty Trust by 10.7% in the fourth quarter. BB&T Securities now owns 4,004 shares of the real estate investment trust’s stock valued at $400,000 after buying an additional 387 shares during the last quarter. Capital Impact Advisors increased its stake in Vornado Realty Trust by 285.3% in the fourth quarter. Capital Impact Advisors now owns 5,132 shares of the real estate investment trust’s stock valued at $513,000 after buying an additional 3,800 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Vornado Realty Trust by 21.9% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,919 shares of the real estate investment trust’s stock valued at $592,000 after buying an additional 1,063 shares during the last quarter. Sentry Investment Management increased its stake in Vornado Realty Trust by 28.1% in the fourth quarter. Sentry Investment Management now owns 10,197 shares of the real estate investment trust’s stock valued at $1,019,000 after buying an additional 2,234 shares during the last quarter. Finally, Capstone Asset Management Company increased its stake in Vornado Realty Trust by 10.3% in the fourth quarter. Capstone Asset Management Company now owns 15,042 shares of the real estate investment trust’s stock valued at $1,504,000 after buying an additional 1,401 shares during the last quarter.

Shares of Vornado Realty Trust (NYSE:VNO) traded up 1.14% on Tuesday, hitting $91.55. 50,901 shares of the company traded hands. Vornado Realty Trust has a 1-year low of $84.60 and a 1-year high of $114.15. The firm has a market capitalization of $17.26 billion and a P/E ratio of 18.03. The firm’s 50-day moving average is $96.15 and its 200 day moving average is $95.13.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, November 2nd. The real estate investment trust reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by $0.01. The company had revenue of $627.60 million for the quarter, compared to analysts’ expectations of $630.13 million. During the same period in the previous year, the business posted $1.15 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Vornado Realty Trust will post $5.32 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 16th. Stockholders of record on Monday, February 1st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, January 28th.

Other research analysts have also issued reports about the stock. Deutsche Bank dropped their price objective on shares of Vornado Realty Trust from $107.00 to $106.00 in a research note on Monday, October 19th. Zacks Investment Research raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Tuesday, October 13th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $103.67.

Vornado Realty Trust (NYSE:VNO) is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). The Company is the sole general partner of, and owned approximately 94.1% of the common limited partnership interest in the Operating Partnership. The Company’s segments include New York, Washington, DC and Toys “R” Us (Toys). The Company’s other investments includes The Mart, 555 California Street, Vornado Capital Partners Real Estate Fund and Toys “R” Us, Inc. The Company is the general partner and investment manager of Vornado Capital Partners Real Estate Fund.

12 Month Chart for NYSE:VNO

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