Vornado Realty Trust (NYSE:VNO - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $40.61, but opened at $39.60. Vornado Realty Trust shares last traded at $39.75, with a volume of 138,010 shares traded.
Wall Street Analyst Weigh In
Several analysts recently issued reports on VNO shares. Evercore ISI increased their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. The Goldman Sachs Group increased 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. StockNews.com upgraded Vornado Realty Trust to a "sell" rating in a report on Tuesday, November 12th. Bank of America increased their price objective on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, August 22nd. Finally, Scotiabank increased their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a "sector perform" rating in a report on Friday, October 25th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $34.07.
Read Our Latest Stock Analysis on Vornado Realty Trust
Vornado Realty Trust Stock Performance
The firm has a 50 day moving average of $40.41 and a two-hundred day moving average of $32.26. The stock has a market cap of $7.68 billion, a P/E ratio of -138.97 and a beta of 1.64. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced 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). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. During the same quarter in the previous year, the company earned $0.66 EPS. Vornado Realty Trust's revenue for the quarter was down 1.7% compared to the same quarter last year. On average, research analysts predict that Vornado Realty Trust will post 2.15 EPS for the current fiscal year.
Institutional Trading of Vornado Realty Trust
Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Vornado Realty Trust by 428.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust's stock worth $111,146,000 after buying an additional 2,286,997 shares during the period. Bamco Inc. NY bought a new position in shares of Vornado Realty Trust during the 3rd quarter worth approximately $75,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Vornado Realty Trust by 381.6% during 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 buying an additional 955,071 shares during the period. Heitman Real Estate Securities LLC lifted its position in shares of Vornado Realty Trust by 2,021.1% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 994,446 shares of the real estate investment trust's stock worth $39,181,000 after buying an additional 947,562 shares during the period. Finally, Bank of Montreal Can lifted its position 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 period. Institutional investors own 90.02% of the company's stock.
About Vornado Realty Trust
(
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Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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