Vornado Realty Trust (NYSE:VNO) Price Target Raised to $30.00 at The Goldman Sachs Group

Vornado Realty Trust (NYSE:VNO) had its price target upped by research analysts at The Goldman Sachs Group from $27.00 to $30.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “sell” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s target price suggests a potential downside of 23.41% from the stock’s previous close.

VNO has been the topic of a number of other reports. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Truist Financial lifted their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Compass Point raised their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Evercore ISI boosted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Stock Up 1.2 %

VNO traded up $0.47 on Tuesday, hitting $39.17. The company had a trading volume of 353,162 shares, compared to its average volume of 1,213,425. The stock has a fifty day simple moving average of $41.53 and a 200-day simple moving average of $40.16. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The firm has a market capitalization of $7.48 billion, a P/E ratio of 979.25, a P/E/G ratio of 9.69 and a beta of 1.62. Vornado Realty Trust has a 52-week low of $22.42 and a 52-week high of $46.63.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Vornado Realty Trust during the 4th quarter valued at about $729,073,000. Franklin Resources Inc. increased its stake in shares of Vornado Realty Trust by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust’s stock worth $500,263,000 after purchasing an additional 792,100 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Vornado Realty Trust by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust’s stock worth $373,672,000 after purchasing an additional 278,409 shares during the period. Principal Financial Group Inc. lifted its position in Vornado Realty Trust by 126.8% during the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after purchasing an additional 3,575,593 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Vornado Realty Trust by 232.8% during the third quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after purchasing an additional 2,468,652 shares in the last quarter. 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.