Compass Point Boosts Vornado Realty Trust (NYSE:VNO) Price Target to $44.00

Vornado Realty Trust (NYSE:VNO) had its target price lifted by Compass Point from $40.00 to $44.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Compass Point’s price objective indicates a potential upside of 4.51% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Scotiabank upped their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Evercore ISI raised their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Barclays lifted their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Finally, StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $37.98.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $42.10 on Wednesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The business’s 50 day moving average price is $42.16 and its 200 day moving average price is $39.44. The company has a market cap of $8.03 billion, a price-to-earnings ratio of -145.79 and a beta of 1.62. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. On average, research analysts predict that Vornado Realty Trust will post 2.16 EPS for the current year.

Institutional Trading of Vornado Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of VNO. ORG Wealth Partners LLC purchased a new position in shares of Vornado Realty Trust in the fourth quarter valued at approximately $32,000. UMB Bank n.a. lifted its holdings in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 268 shares in the last quarter. Versant Capital Management Inc boosted its position in Vornado Realty Trust by 1,014.0% in the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 872 shares during the period. Blue Trust Inc. grew 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 worth $43,000 after acquiring an additional 844 shares in the last quarter. Finally, Assetmark Inc. increased its position 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 acquiring an additional 661 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Company Profile

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