Vornado Realty Trust (NYSE:VNO) had its price objective decreased by equities research analysts at Barclays from $79.00 to $75.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price points to a potential upside of 11.91% from the company’s previous close.
Several other analysts also recently issued reports on VNO. BMO Capital Markets upped their price objective on Vornado Realty Trust from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Morgan Stanley downgraded Vornado Realty Trust from an “overweight” rating to an “equal” rating and reduced their price objective for the company from $72.00 to $68.00 in a research report on Friday, October 11th. Goldman Sachs Group began coverage on Vornado Realty Trust in a research report on Friday, November 8th. They issued a “neutral” rating and a $69.00 price objective on the stock. Finally, SunTrust Banks reduced their price objective on Vornado Realty Trust from $72.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $72.29.
VNO opened at $67.02 on Tuesday. The business’s fifty day moving average is $65.88 and its two-hundred day moving average is $63.96. The company has a debt-to-equity ratio of 1.10, a quick ratio of 4.61 and a current ratio of 4.61. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 6.01 and a beta of 0.98. Vornado Realty Trust has a one year low of $58.60 and a one year high of $70.54.
Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.46). The firm had revenue of $465.96 million for the quarter, compared to analysts’ expectations of $457.27 million. Vornado Realty Trust had a return on equity of 4.90% and a net margin of 151.59%. The firm’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, analysts predict that Vornado Realty Trust will post 3.41 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Evoke Wealth LLC purchased a new position in Vornado Realty Trust during the third quarter worth about $32,000. CSat Investment Advisory L.P. lifted its position in Vornado Realty Trust by 73.7% during the second quarter. CSat Investment Advisory L.P. now owns 620 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 263 shares during the period. Quantum Capital Management purchased a new position in Vornado Realty Trust during the third quarter worth about $52,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Vornado Realty Trust by 7.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,546 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 180 shares during the period. Finally, AE Wealth Management LLC purchased a new position in Vornado Realty Trust during the fourth quarter worth about $204,000. Hedge funds and other institutional investors own 76.24% of the company’s stock.
Vornado Realty Trust Company Profile
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 2019.
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