Vornado Realty Trust (NYSE:VNO) Receives Average Rating of "Reduce" from Analysts

Vornado Realty Trust (NYSE:VNO - Get Free Report) has been given an average rating of "Reduce" by the eleven analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $30.43.

A number of equities research analysts recently issued reports on the stock. Piper Sandler reissued a "neutral" rating on shares of Vornado Realty Trust in a research note on Friday. BMO Capital Markets upgraded shares of Vornado Realty Trust from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $29.00 to $40.00 in a research report on Thursday, August 8th. Bank of America upped their price target 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 lifted their price objective on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a "sell" rating in a report on Thursday, September 12th. Finally, Compass Point increased their target price on Vornado Realty Trust from $27.00 to $32.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th.

Vornado Realty Trust Price Performance

Shares of VNO stock traded up $1.11 during mid-day trading on Friday, hitting $43.38. 1,908,882 shares of the stock were exchanged, compared to its average volume of 1,805,378. Vornado Realty Trust has a 52-week low of $18.36 and a 52-week high of $43.61. 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 company has a market cap of $8.26 billion, a PE ratio of 482.00 and a beta of 1.65. The firm has a fifty day moving average of $36.55 and a 200 day moving average of $30.00.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.37). The business had revenue of $450.27 million for 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%. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 EPS. Research analysts anticipate that Vornado Realty Trust will post 2.17 earnings per share for the current year.

Institutional Trading of Vornado Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of VNO. Sei Investments Co. grew its holdings in shares of Vornado Realty Trust by 5.7% in 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 during the period. National Bank of Canada FI boosted its holdings in Vornado Realty Trust by 7.9% in the 1st 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. Jupiter Asset Management Ltd. purchased a new stake in shares of Vornado Realty Trust in the 1st quarter valued at approximately $12,824,000. Bank of Montreal Can increased its holdings in shares of Vornado Realty Trust by 2,229.1% during the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust's stock worth $22,502,000 after buying an additional 818,838 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Vornado Realty Trust by 33.3% during the 2nd quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust's stock valued at $12,553,000 after buying an additional 120,902 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

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