Vornado Realty Trust (NYSE:VNO) Sets New 52-Week High at $38.09

Vornado Realty Trust (NYSE:VNO - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $38.09 and last traded at $38.00, with a volume of 51757 shares changing hands. The stock had previously closed at $37.60.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VNO shares. Bank of America upped their price objective on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. Evercore ISI raised their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. The Goldman Sachs Group boosted their price objective on Vornado Realty Trust from $21.50 to $23.75 and gave the company a "sell" rating in a research note on Thursday, September 12th. BMO Capital Markets upgraded shares of Vornado Realty Trust from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $29.00 to $40.00 in a report on Thursday, August 8th. Finally, StockNews.com upgraded Vornado Realty Trust to a "sell" rating in a report on Saturday, July 20th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Vornado Realty Trust currently has an average rating of "Hold" and a consensus target price of $30.43.

Vornado Realty Trust Stock Up 3.4 %

The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78. The stock has a market cap of $7.41 billion, a P/E ratio of 253.62 and a beta of 1.65. The company has a 50-day simple moving average of $31.72 and a two-hundred day simple moving average of $27.91.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.37). The firm had revenue of $450.27 million for the quarter, compared to analysts' expectations of $439.28 million. Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The company's quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. On average, equities analysts forecast that Vornado Realty Trust will post 2.17 EPS for the current year.

Insider Buying and Selling at Vornado Realty Trust

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of the business's stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $28.19, for a total transaction of $56,380.00. Following the transaction, the director now directly owns 3,034 shares of the company's stock, valued at approximately $85,528.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Vornado Realty Trust

Several large investors have recently bought and sold shares of the company. Pinebridge Investments L.P. purchased a new stake in Vornado Realty Trust in the fourth quarter worth $2,320,000. Waterloo Capital L.P. purchased a new stake in Vornado Realty Trust in the fourth quarter worth about $2,410,000. Sei Investments Co. increased its stake in shares of Vornado Realty Trust by 5.7% during the first quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust's stock valued at $13,501,000 after purchasing an additional 25,374 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Vornado Realty Trust by 7.9% during the first quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust's stock valued at $26,385,000 after purchasing an additional 67,100 shares during the last quarter. Finally, Cibc World Markets Corp boosted its position in shares of Vornado Realty Trust by 14.9% in the 4th quarter. Cibc World Markets Corp now owns 413,568 shares of the real estate investment trust's stock worth $11,683,000 after purchasing an additional 53,568 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.