Vornado Realty Trust (NYSE:VNO) Price Target Increased to $21.50 by Analysts at The Goldman Sachs Group

Vornado Realty Trust (NYSE:VNO - Free Report) had its price target upped by The Goldman Sachs Group from $19.00 to $21.50 in a research note issued to investors on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the real estate investment trust's stock.

Several other equities research analysts have also commented on VNO. StockNews.com raised shares of Vornado Realty Trust to a sell rating in a report on Saturday, July 20th. Scotiabank cut their price target on shares of Vornado Realty Trust from $24.00 to $23.00 and set a sector perform rating for the company in a report on Thursday, May 16th. Barclays boosted their price target on shares of Vornado Realty Trust from $21.00 to $27.00 and gave the stock an underweight rating in a report on Wednesday, August 14th. Bank of America boosted their price target on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a neutral rating in a report on Thursday, August 22nd. Finally, Evercore ISI raised shares of Vornado Realty Trust from an underperform rating to an outperform rating and upped their target price for the stock from $32.00 to $38.00 in a report on Tuesday, August 20th. Four 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. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $29.14.

Vornado Realty Trust Stock Performance

NYSE VNO traded down $0.10 on Tuesday, hitting $34.20. 2,051,142 shares of the company's stock traded hands, compared to its average volume of 2,097,729. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78. Vornado Realty Trust has a 1-year low of $18.36 and a 1-year high of $35.26. The firm's 50-day moving average price is $29.10 and its two-hundred day moving average price is $26.96. The firm has a market capitalization of $6.51 billion, a PE ratio of 228.02 and a beta of 1.64.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.37). Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The business had revenue of $450.27 million for the quarter, compared to analyst estimates of $439.28 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The business's revenue was down 4.7% on a year-over-year basis. As a group, analysts expect that Vornado Realty Trust will post 2.13 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 firm's stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $28.19, for a total value of $56,380.00. Following the sale, 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 filing with the SEC, which can be accessed through this link. 8.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vornado Realty Trust

Several hedge funds have recently modified their holdings of the stock. Ariadne Wealth Management LP purchased a new stake in shares of Vornado Realty Trust during the 2nd quarter valued at about $220,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vornado Realty Trust by 98.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,972 shares of the real estate investment trust's stock valued at $131,000 after buying an additional 2,465 shares during the period. Duff & Phelps Investment Management Co. increased its holdings in Vornado Realty Trust by 45.0% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,973,190 shares of the real estate investment trust's stock worth $51,875,000 after purchasing an additional 612,765 shares during the last quarter. APG Asset Management US Inc. purchased a new stake in Vornado Realty Trust during the 2nd quarter worth approximately $4,462,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vornado Realty Trust in the 2nd quarter valued at approximately $48,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

About Vornado Realty Trust

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.