Vornado Realty Trust (NYSE:VNO - Free Report) had its target price raised by Scotiabank from $33.00 to $38.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust's stock.
Other research analysts also recently issued research reports about the company. Evercore ISI increased their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Bank of America increased their price target 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. Truist Financial increased their price target on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. Barclays increased their price target on Vornado Realty Trust from $21.00 to $27.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 14th. Finally, Piper Sandler reiterated 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 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. Based on data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of "Hold" and an average target price of $32.16.
Check Out Our Latest Stock Analysis on VNO
Vornado Realty Trust Stock Down 1.4 %
VNO traded down $0.62 on Friday, reaching $43.17. The company's stock had a trading volume of 821,058 shares, compared to its average volume of 2,047,421. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 483.67 and a beta of 1.65. Vornado Realty Trust has a 1 year low of $18.36 and a 1 year high of $44.00. 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 business's 50 day moving average is $37.52 and its 200 day moving average is $30.41.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $439.28 million. During the same period in the prior year, the company posted $0.72 EPS. The company's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts forecast that Vornado Realty Trust will post 2.17 EPS for the current fiscal year.
Hedge Funds Weigh In On Vornado Realty Trust
Several hedge funds have recently modified their holdings of VNO. Blue Trust Inc. increased its position in shares of Vornado Realty Trust by 331.0% during the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 844 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vornado Realty Trust during the 2nd quarter valued at $48,000. Fidelis Capital Partners LLC bought a new stake in shares of Vornado Realty Trust during the 1st quarter worth $55,000. EverSource Wealth Advisors LLC boosted its stake in shares of Vornado Realty Trust by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust's stock worth $77,000 after acquiring an additional 1,018 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $131,000 after acquiring an additional 2,465 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.
Vornado Realty Trust Company Profile
(
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Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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