Vornado Realty Trust (NYSE:VNO) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Vornado Realty Trust (NYSE:VNO) from an underweight rating to a neutral rating in a research note published on Monday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $41.00 target price on the real estate investment trust’s stock.

VNO has been the topic of several other research reports. LADENBURG THALM/SH SH began coverage on shares of Vornado Realty Trust in a research note on Monday, October 13th. They issued a “buy” rating and a $48.00 target price on the stock. Piper Sandler cut their price objective on shares of Vornado Realty Trust from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Citigroup raised shares of Vornado Realty Trust from a “sell” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $42.00 in a research note on Friday, September 12th. Barclays lifted their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Vornado Realty Trust in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.31.

Vornado Realty Trust Trading Down 1.0%

VNO stock opened at $36.79 on Monday. The company has a market cap of $7.07 billion, a P/E ratio of 9.11, a PEG ratio of 4.57 and a beta of 1.57. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.52. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. The business has a fifty day moving average of $38.26 and a 200-day moving average of $38.60.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $453.70 million for the quarter, compared to analysts’ expectations of $435.19 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. As a group, equities research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total transaction of $1,189,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.42% of the stock is currently owned by corporate insiders.

Institutional Trading of Vornado Realty Trust

Several hedge funds have recently added to or reduced their stakes in the business. Danske Bank A S bought a new position in Vornado Realty Trust during the third quarter worth about $28,000. Twin Tree Management LP raised its position in shares of Vornado Realty Trust by 102.1% during the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 38,585 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Vornado Realty Trust during the third quarter worth about $33,000. Westside Investment Management Inc. lifted its holdings in shares of Vornado Realty Trust by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 443 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of Vornado Realty Trust during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

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