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

Vornado Realty Trust (NYSE:VNO) has received an average recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $38.55.

A number of brokerages have commented on VNO. Barclays increased their price objective on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, March 14th. The Goldman Sachs Group increased their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, February 25th. Truist Financial raised their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th. Finally, Morgan Stanley increased their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, March 14th.

Vornado Realty Trust Trading Down 0.3 %

NYSE:VNO opened at $39.31 on Wednesday. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The firm has a market cap of $7.50 billion, a PE ratio of 982.75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.60. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock has a fifty day moving average price of $40.50 and a 200 day moving average price of $40.95.

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

Hedge Funds Weigh In On Vornado Realty Trust

Institutional investors have recently modified their holdings of the business. UMB Bank n.a. boosted its stake 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 purchasing an additional 268 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Vornado Realty Trust by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock valued at $1,534,000 after buying an additional 272 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Vornado Realty Trust by 23.8% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 286 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Vornado Realty Trust by 0.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock worth $2,731,000 after buying an additional 299 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Vornado Realty Trust by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 324 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

About Vornado Realty Trust

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