Vornado Realty Trust (NYSE:VNO) Rating Increased to Sell at StockNews.com

Vornado Realty Trust (NYSE:VNO) was upgraded by analysts at StockNews.com to a “sell” rating in a report issued on Tuesday.

VNO has been the subject of several other reports. Barclays raised their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Scotiabank upped their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Piper Sandler reiterated a “neutral” rating and set a $44.00 price target (up previously from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Truist Financial upped their price objective on Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Finally, Compass Point lifted their target price on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $34.07.

Vornado Realty Trust Stock Down 5.3 %

NYSE:VNO traded down $2.40 during mid-day trading on Tuesday, hitting $42.91. 1,301,109 shares of the company’s stock were exchanged, compared to its average volume of 2,023,414. The company has a market cap of $8.18 billion, a PE ratio of -147.97 and a beta of 1.64. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 5.21. Vornado Realty Trust has a one year low of $19.63 and a one year high of $46.63. The business has a fifty day moving average price of $39.94 and a 200 day moving average price of $31.94.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The company had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. During the same period in the prior year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts predict that Vornado Realty Trust will post 2.16 EPS for the current year.

Hedge Funds Weigh In On Vornado Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its stake in shares of Vornado Realty Trust by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock worth $1,534,000 after acquiring an additional 272 shares during the last quarter. US Bancorp DE lifted its position in Vornado Realty Trust by 1.8% during the third quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock valued at $691,000 after purchasing an additional 311 shares in the last quarter. Vert Asset Management LLC grew its holdings in Vornado Realty Trust by 0.5% during the third quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust’s stock valued at $2,690,000 after purchasing an additional 324 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Vornado Realty Trust by 3.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,660 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 386 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Vornado Realty Trust by 12.8% in the third quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

About Vornado Realty Trust

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