Brokerages Set Vornado Realty Trust (NYSE:VNO) Price Target at $38.55

Shares of Vornado Realty Trust (NYSE:VNO) have earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $38.55.

Several research analysts have weighed in on the stock. Truist Financial raised their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. The Goldman Sachs Group raised their price target 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. Morgan Stanley raised their price target on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, March 14th. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Compass Point lifted their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th.

Institutional Trading of Vornado Realty Trust

Several institutional investors have recently made changes to their positions in VNO. Assetmark Inc. boosted its holdings in shares of Vornado Realty Trust by 122.2% during the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 661 shares during the period. Victory Capital Management Inc. lifted its stake in Vornado Realty Trust by 18.6% in the third quarter. Victory Capital Management Inc. now owns 63,580 shares of the real estate investment trust’s stock valued at $2,505,000 after acquiring an additional 9,968 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in Vornado Realty Trust in the third quarter valued at approximately $222,000. Empowered Funds LLC acquired a new stake in Vornado Realty Trust in the third quarter valued at approximately $215,000. Finally, Natixis Advisors LLC lifted its stake in shares of Vornado Realty Trust by 6.7% in the third quarter. Natixis Advisors LLC now owns 18,682 shares of the real estate investment trust’s stock worth $736,000 after buying an additional 1,180 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Price Performance

VNO opened at $38.26 on Wednesday. The company has a fifty day simple moving average of $40.48 and a 200 day simple moving average of $40.81. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 956.40, a PEG ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month 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.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Equities research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

About Vornado Realty Trust

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