Vornado Realty Trust (VNO) To Go Ex-Dividend on November 1st

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Vornado Realty Trust (NYSE:VNO) declared a quarterly dividend on Friday, October 25th, Fidelity reports. Stockholders of record on Monday, November 4th will be given a dividend of 0.66 per share by the real estate investment trust on Monday, November 18th. This represents a $2.64 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, November 1st.

VNO opened at $65.15 on Wednesday. The company has a market cap of $12.22 billion, a P/E ratio of 17.33, a P/E/G ratio of 4.90 and a beta of 0.98. The business’s 50-day moving average price is $63.28 and its 200-day moving average price is $64.60. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 1.14. Vornado Realty Trust has a 12 month low of $58.60 and a 12 month high of $72.50.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.46). The company had revenue of $465.96 million during the quarter, compared to analysts’ expectations of $457.27 million. Vornado Realty Trust had a return on equity of 5.34% and a net margin of 151.59%. The firm’s quarterly revenue was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. Equities research analysts forecast that Vornado Realty Trust will post 3.42 earnings per share for the current fiscal year.

VNO has been the topic of a number of research analyst reports. Argus downgraded Vornado Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Citigroup reduced their price target on Vornado Realty Trust from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Scotiabank upgraded Vornado Realty Trust from an “underperform” rating to a “sector perform” rating in a report on Tuesday, July 9th. Barclays set a $79.00 price target on Vornado Realty Trust and gave the company a “hold” rating in a report on Friday, October 11th. Finally, Morgan Stanley downgraded Vornado Realty Trust from an “overweight” rating to an “equal” rating and reduced their price target for the company from $72.00 to $68.00 in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $73.71.

About Vornado Realty Trust

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 2017.

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Dividend History for Vornado Realty Trust (NYSE:VNO)

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