Vornado Realty Trust (NYSE:VNO) Price Target Increased to $34.00 by Analysts at Barclays

Vornado Realty Trust (NYSE:VNO - Get Free Report) had its price target raised by equities researchers at Barclays from $27.00 to $34.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an "underweight" rating on the real estate investment trust's stock. Barclays's price objective would indicate a potential downside of 21.50% from the stock's current price.

VNO has been the subject of a number of other research reports. BMO Capital Markets upgraded Vornado Realty Trust from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $29.00 to $40.00 in a research report on Thursday, August 8th. Compass Point lifted their price objective on Vornado Realty Trust from $27.00 to $32.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. Truist Financial increased their target price on Vornado Realty Trust from $26.00 to $31.00 and gave the company a "hold" rating in a research report on Tuesday, August 27th. The Goldman Sachs Group boosted their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a "sell" rating in a research report on Thursday, September 12th. Finally, Scotiabank upped their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a "sector perform" rating in a research note on Friday. Four 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 MarketBeat, Vornado Realty Trust presently has an average rating of "Hold" and a consensus target price of $32.80.

Vornado Realty Trust Price Performance

VNO traded up $0.14 on Monday, hitting $43.31. 1,015,691 shares of the company's stock traded hands, compared to its average volume of 2,042,724. Vornado Realty Trust has a one year low of $18.36 and a one year high of $44.05. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 481.22 and a beta of 1.65. The company's 50 day simple moving average is $37.74 and its 200-day simple moving average is $30.53.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.72 EPS. As a group, research analysts anticipate that Vornado Realty Trust will post 2.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in shares of Vornado Realty Trust by 331.0% during the third 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. purchased a new stake in shares of Vornado Realty Trust in the second quarter valued at approximately $48,000. Fidelis Capital Partners LLC bought a new position in Vornado Realty Trust in the first quarter worth approximately $55,000. EverSource Wealth Advisors LLC increased its holdings in 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 purchasing an additional 1,018 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in 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 purchasing an additional 2,465 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully - integrated equity real estate investment trust.