Favorable Media Coverage Somewhat Unlikely to Affect Vornado Realty Trust (VNO) Share Price

Media coverage about Vornado Realty Trust (NYSE:VNO) has been trending positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. 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 0.31 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.4096480274087 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several analysts have issued reports on VNO shares. Zacks Investment Research raised Vornado Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Sandler O’Neill reaffirmed a “buy” rating and issued a $90.00 target price on shares of Vornado Realty Trust in a research note on Tuesday, September 26th. Morgan Stanley raised Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $81.00 to $84.00 in a research note on Tuesday, October 10th. Barclays reaffirmed a “hold” rating and issued a $80.00 target price on shares of Vornado Realty Trust in a research note on Thursday, October 19th. Finally, JPMorgan Chase & Co. lowered Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 target price for the company. in a research note on Friday, December 15th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $91.75.

Shares of Vornado Realty Trust (NYSE:VNO) traded up $0.22 during mid-day trading on Thursday, reaching $72.88. The company’s stock had a trading volume of 675,990 shares, compared to its average volume of 856,286. 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 $71.89 and a 12-month high of $89.38. The company has a market capitalization of $14,000.00, a P/E ratio of 17.35, a P/E/G ratio of 4.54 and a beta of 1.00.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.90. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The firm had revenue of $528.76 million during the quarter, compared to the consensus estimate of $545.53 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. equities analysts forecast that Vornado Realty Trust will post 3.92 EPS for the current year.

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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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