Vornado Realty Trust (NYSE:VNO) Given Average Rating of “Reduce” by Brokerages

Shares of Vornado Realty Trust (NYSE:VNO) have been given a consensus recommendation of “Reduce” by the eleven analysts that are currently covering the company, MarketBeat.com reports. Three investment 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. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $34.07.

Several research analysts have recently weighed in on the stock. Piper Sandler restated a “neutral” rating and set a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Evercore ISI increased their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Scotiabank increased their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research note on Tuesday. Finally, Bank of America raised their price target on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd.

Institutional Investors Weigh In On Vornado Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in shares of Vornado Realty Trust by 331.0% in the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 844 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Vornado Realty Trust by 122.2% in the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 661 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Vornado Realty Trust in the second quarter valued at $48,000. EverSource Wealth Advisors LLC increased its stake in Vornado Realty Trust by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Vornado Realty Trust by 42.5% during the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 665 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 2.0 %

NYSE VNO opened at $42.07 on Thursday. The stock has a market cap of $8.02 billion, a PE ratio of -145.07 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 has a twelve month low of $21.16 and a twelve month high of $46.63. The firm has a 50-day simple moving average of $40.11 and a 200 day simple moving average of $32.01.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data 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). The firm had revenue of $443.26 million for the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. On average, research analysts forecast that Vornado Realty Trust will post 2.15 EPS for the current year.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.