Vornado Realty Trust (NYSE:VNO) Receives $34.07 Consensus Target Price from Analysts

Vornado Realty Trust (NYSE:VNO - Get Free Report) has been assigned an average rating of "Reduce" from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $34.07.

Several equities analysts recently issued reports on VNO shares. Evercore ISI lifted their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Truist Financial boosted their target price on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. The Goldman Sachs Group increased their price target on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a "sell" rating in a report on Thursday, September 12th. Barclays boosted their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the company an "underweight" rating in a report on Monday, October 28th. Finally, BMO Capital Markets upgraded shares of Vornado Realty Trust from a "market perform" rating to an "outperform" rating and raised their price target for the company from $29.00 to $40.00 in a research report on Thursday, August 8th.

Vornado Realty Trust Trading Down 1.0 %

Shares of NYSE VNO traded down $0.42 during trading hours on Thursday, reaching $41.65. The stock had a trading volume of 1,257,544 shares, compared to its average volume of 2,017,967. Vornado Realty Trust has a 52-week low of $21.16 and a 52-week high of $46.63. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of -143.59 and a beta of 1.64. The business's fifty day moving average price is $40.11 and its two-hundred day moving average price is $32.01. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). The firm had revenue of $443.26 million during the quarter, compared to analysts' expectations of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. Vornado Realty Trust's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. Analysts expect that Vornado Realty Trust will post 2.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its stake in Vornado Realty Trust by 428.3% in the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock valued at $111,146,000 after buying an additional 2,286,997 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Vornado Realty Trust by 381.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,205,383 shares of the real estate investment trust's stock worth $47,492,000 after purchasing an additional 955,071 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Vornado Realty Trust by 2,229.1% in the second quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust's stock valued at $22,502,000 after buying an additional 818,838 shares in the last quarter. Natixis bought a new stake in shares of Vornado Realty Trust during the 1st quarter worth $21,564,000. Finally, Duff & Phelps Investment Management Co. boosted its position in shares of Vornado Realty Trust by 45.0% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,973,190 shares of the real estate investment trust's stock valued at $51,875,000 after purchasing an additional 612,765 shares during the period. Hedge funds and other 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.