Vornado Realty Trust (NYSE:VNO) Given Consensus Rating of "Hold" by Brokerages

Vornado Realty Trust (NYSE:VNO - Get Free Report) has earned a consensus rating of "Hold" from the eleven research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $38.55.

Several equities research analysts have recently weighed in on the company. Mizuho raised Vornado Realty Trust from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Morgan Stanley lifted their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. The Goldman Sachs Group lifted their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, February 25th. Truist Financial lifted their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. Finally, Compass Point lifted their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Vornado Realty Trust in the fourth quarter valued at approximately $729,073,000. Principal Financial Group Inc. boosted its stake in shares of Vornado Realty Trust by 126.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock valued at $268,912,000 after buying an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Vornado Realty Trust by 232.8% in the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust's stock valued at $139,045,000 after buying an additional 2,468,652 shares in the last quarter. Bamco Inc. NY purchased a new stake in shares of Vornado Realty Trust in the third quarter valued at approximately $75,347,000. Finally, Invesco Ltd. boosted its stake in shares of Vornado Realty Trust by 111.3% in the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust's stock valued at $131,833,000 after buying an additional 1,651,819 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

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Vornado Realty Trust Stock Down 1.0 %

Shares of NYSE VNO traded down $0.37 during midday trading on Wednesday, hitting $38.26. 2,654,051 shares of the company's stock were exchanged, compared to its average volume of 1,636,608. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a market cap of $7.30 billion, a PE ratio of 956.40, a P/E/G ratio of 9.69 and a beta of 1.60. The firm's fifty day simple moving average is $40.48 and its 200-day simple moving average is $40.81.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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