Vornado Realty Trust (NYSE:VNO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $43.65 and last traded at $43.64, with a volume of 25964 shares changing hands. The stock had previously closed at $43.24.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Vornado Realty Trust from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $29.00 to $40.00 in a research note on Thursday, August 8th. Compass Point upped their price objective on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. Bank of America lifted their target price on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. The Goldman Sachs Group boosted their target price on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a "sell" rating in a research note on Thursday, September 12th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $44.00 price target (up from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $31.70.
View Our Latest Stock Analysis on Vornado Realty Trust
Vornado Realty Trust Price Performance
The firm has a market cap of $8.17 billion, a P/E ratio of 476.33 and a beta of 1.65. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. The firm's 50 day moving average is $37.28 and its 200 day moving average is $30.31.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.37). The company had revenue of $450.27 million during the quarter, compared to analysts' expectations of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. Vornado Realty Trust's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. As a group, analysts anticipate that Vornado Realty Trust will post 2.17 earnings per share for the current year.
Institutional Trading of Vornado Realty Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park Avenue Securities LLC grew its position in Vornado Realty Trust by 5.8% in the first quarter. Park Avenue Securities LLC now owns 10,036 shares of the real estate investment trust's stock worth $289,000 after acquiring an additional 553 shares in the last quarter. First National Bank Sioux Falls increased its position in shares of Vornado Realty Trust by 3.3% during the 1st quarter. First National Bank Sioux Falls now owns 15,311 shares of the real estate investment trust's stock valued at $440,000 after purchasing an additional 496 shares during the last quarter. State of Michigan Retirement System raised its holdings in Vornado Realty Trust by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 39,300 shares of the real estate investment trust's stock valued at $1,131,000 after buying an additional 900 shares during the period. State of Alaska Department of Revenue lifted its position in Vornado Realty Trust by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 101,565 shares of the real estate investment trust's stock worth $2,921,000 after buying an additional 531 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Vornado Realty Trust by 2.6% during the first quarter. Principal Financial Group Inc. now owns 603,381 shares of the real estate investment trust's stock worth $17,359,000 after buying an additional 15,345 shares during the period. Institutional investors own 90.02% of the company's stock.
About Vornado Realty Trust
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Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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