Vornado Realty Trust (NYSE:VNO) Receives $38.00 Average Price Target from Analysts

Shares of Vornado Realty Trust (NYSE:VNO - Get Free Report) have been assigned an average rating of "Hold" from the eleven research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $38.00.

A number of equities research analysts recently issued reports on VNO shares. Compass Point upped their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. StockNews.com raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. The Goldman Sachs Group upped their target price 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. Barclays boosted their price objective on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. Finally, Piper Sandler lowered their target price on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th.

Vornado Realty Trust Stock Up 1.2 %

Shares of NYSE VNO traded up $0.42 during mid-day trading on Friday, reaching $34.61. The company had a trading volume of 90,043 shares, compared to its average volume of 1,660,861. The stock has a market capitalization of $6.64 billion, a PE ratio of 869.38, a price-to-earnings-growth ratio of 9.69 and a beta of 1.49. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The stock's 50 day moving average is $37.94 and its 200-day moving average is $40.61.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VNO. UMB Bank n.a. increased its position in shares of Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Vornado Realty Trust by 23.8% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after buying an additional 286 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Vornado Realty Trust by 16.4% during the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after buying an additional 312 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Vornado Realty Trust by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust's stock valued at $250,000 after acquiring an additional 324 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in shares of Vornado Realty Trust by 4.7% in the 4th quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock worth $322,000 after acquiring an additional 344 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

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