Vornado Realty Trust (NYSE:VNO) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 3,479,100 shares, a growth of 32.3% from the May 30th total of 2,629,900 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 970,800 shares, the days-to-cover ratio is presently 3.6 days.
Vornado Realty Trust stock opened at $65.60 on Friday. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.93 and a quick ratio of 3.93. Vornado Realty Trust has a 1-year low of $59.48 and a 1-year high of $77.59. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 3.42 and a beta of 0.96. The stock has a 50-day moving average price of $66.30.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.78). Vornado Realty Trust had a return on equity of 10.19% and a net margin of 28.76%. The firm had revenue of $534.67 million during the quarter, compared to analysts’ expectations of $583.32 million. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts predict that Vornado Realty Trust will post 3.8 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Vornado Realty Trust in the 4th quarter worth about $1,121,649,000. FMR LLC grew its stake in Vornado Realty Trust by 1,334.9% in the 4th quarter. FMR LLC now owns 3,029,051 shares of the real estate investment trust’s stock worth $187,893,000 after acquiring an additional 2,817,952 shares in the last quarter. Long Pond Capital LP grew its stake in Vornado Realty Trust by 15.7% in the 1st quarter. Long Pond Capital LP now owns 2,763,566 shares of the real estate investment trust’s stock worth $186,375,000 after acquiring an additional 374,700 shares in the last quarter. Geode Capital Management LLC grew its stake in Vornado Realty Trust by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 2,758,196 shares of the real estate investment trust’s stock worth $170,842,000 after acquiring an additional 212,918 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Vornado Realty Trust by 1.7% in the 4th quarter. Legal & General Group Plc now owns 1,499,324 shares of the real estate investment trust’s stock worth $93,003,000 after acquiring an additional 24,997 shares in the last quarter. 77.29% of the stock is currently owned by institutional investors.
VNO has been the topic of several recent research reports. Scotiabank cut shares of Mid-America Apartment Communities from a “sector perform” rating to a “sector underperform” rating and decreased their target price for the company from $114.00 to $107.00 in a research report on Tuesday, July 9th. BMO Capital Markets upped their target price on shares of Dollarama from C$35.00 to C$45.00 and gave the company a “market perform” rating in a research report on Wednesday, June 5th. Deutsche Bank decreased their target price on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. SunTrust Banks restated a “buy” rating and set a $20.00 target price on shares of ANGI Homeservices in a research report on Wednesday, May 22nd. Finally, Zacks Investment Research cut shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Vornado Realty Trust has an average rating of “Hold” and an average target price of $75.38.
About Vornado Realty Trust
Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.
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