Shares of Vornado Realty Trust (NYSE:VNO) were up 8.6% on Wednesday . The stock traded as high as $34.71 and last traded at $36.83, approximately 65,940 shares traded hands during mid-day trading. A decline of 98% from the average daily volume of 2,733,906 shares. The stock had previously closed at $33.90.
Several equities research analysts recently weighed in on VNO shares. Cfra downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. SunTrust Banks downgraded shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and set a $68.00 price objective for the company. in a report on Wednesday, January 15th. Bank of America downgraded shares of Vornado Realty Trust from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a report on Thursday, February 20th. Barclays reduced their price objective on shares of Vornado Realty Trust from $79.00 to $75.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, BMO Capital Markets upped their price objective on shares of Vornado Realty Trust from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Vornado Realty Trust presently has a consensus rating of “Hold” and an average price target of $71.75.
The company has a debt-to-equity ratio of 1.15, a quick ratio of 5.56 and a current ratio of 5.56. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 2.29, a P/E/G ratio of 3.19 and a beta of 1.17. The stock’s fifty day simple moving average is $53.44 and its two-hundred day simple moving average is $62.03.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.14. Vornado Realty Trust had a net margin of 163.55% and a return on equity of 4.54%. The company had revenue of $460.97 million during the quarter, compared to the consensus estimate of $451.12 million. During the same period in the prior year, the company earned $0.34 EPS. Vornado Realty Trust’s revenue was down 15.2% on a year-over-year basis. On average, equities analysts anticipate that Vornado Realty Trust will post 3.33 EPS for the current fiscal year.
In other Vornado Realty Trust news, EVP Barry Langer sold 4,255 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $66.61, for a total value of $283,425.55. Following the completion of the sale, the executive vice president now directly owns 16,221 shares of the company’s stock, valued at approximately $1,080,480.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.59% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of VNO. Fieldpoint Private Securities LLC acquired a new stake in Vornado Realty Trust during the 4th quarter worth about $25,000. Evoke Wealth LLC acquired a new stake in Vornado Realty Trust during the 3rd quarter worth about $32,000. Orion Portfolio Solutions LLC acquired a new stake in Vornado Realty Trust during the 4th quarter worth about $33,000. Quantum Capital Management acquired a new stake in Vornado Realty Trust during the 3rd quarter worth about $52,000. Finally, Busey Wealth Management acquired a new stake in Vornado Realty Trust during the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 86.88% of the company’s stock.
Vornado Realty Trust Company Profile (NYSE:VNO)
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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