Vornado Realty Trust (NYSE:VNO - Get Free Report) had its price objective upped by equities research analysts at Morgan Stanley from $26.00 to $28.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the real estate investment trust's stock. Morgan Stanley's price objective would indicate a potential downside of 25.78% from the stock's current price.
Other equities research analysts also recently issued reports about the stock. Truist Financial upped their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. 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 research report on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, February 25th. Mizuho upgraded shares of Vornado Realty Trust from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $38.55.
Get Our Latest Report on Vornado Realty Trust
Vornado Realty Trust Trading Down 1.1 %
NYSE:VNO traded down $0.40 during mid-day trading on Friday, hitting $37.73. 911,841 shares of the company's stock were exchanged, compared to its average volume of 1,640,179. The firm has a market capitalization of $7.20 billion, a P/E ratio of 943.15, a PEG ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The company has a 50 day simple moving average of $40.53 and a 200-day simple moving average of $40.81.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. As a group, research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.
Institutional Trading of Vornado Realty Trust
A number of institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in shares of Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 268 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Vornado Realty Trust by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust's stock valued at $1,534,000 after acquiring an additional 272 shares in the last quarter. Assetmark Inc. boosted its holdings in Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 286 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Vornado Realty Trust by 0.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust's stock valued at $2,731,000 after acquiring an additional 299 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.
Vornado Realty Trust Company Profile
(
Get Free Report)
Vornado Realty Trust is a fully - integrated equity real estate investment trust.
Further Reading
Before you consider Vornado Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vornado Realty Trust wasn't on the list.
While Vornado Realty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
