Analysts Set Vornado Realty Trust (NYSE:VNO) Target Price at $34.07

Vornado Realty Trust (NYSE:VNO) has earned a consensus rating of “Reduce” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $34.07.

Several research firms have weighed in on VNO. Truist Financial increased their price objective on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $29.00 to $40.00 in a research note on Thursday, August 8th. Bank of America boosted their price objective on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Barclays lifted their target price on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Finally, Compass Point increased their price target on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th.

Vornado Realty Trust Stock Down 0.8 %

Shares of Vornado Realty Trust stock opened at $40.29 on Thursday. The company’s 50 day moving average price is $40.41 and its 200-day moving average price is $32.26. Vornado Realty Trust has a 52-week low of $21.16 and a 52-week high of $46.63. 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 stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of -138.93 and a beta of 1.64.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The firm had revenue of $443.26 million during the quarter, compared to analysts’ expectations of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. Vornado Realty Trust’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS. Equities research analysts forecast that Vornado Realty Trust will post 2.15 EPS for the current year.

Institutional Investors Weigh In On Vornado Realty Trust

Several institutional investors have recently modified their holdings of VNO. Sei Investments Co. lifted its stake in Vornado Realty Trust by 5.7% during the 1st quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust’s stock valued at $13,501,000 after acquiring an additional 25,374 shares during the period. National Bank of Canada FI boosted its holdings in Vornado Realty Trust by 7.9% in the first quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust’s stock worth $26,385,000 after purchasing an additional 67,100 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in Vornado Realty Trust in the 1st quarter worth approximately $12,824,000. Bank of Montreal Can raised its stake in Vornado Realty Trust by 2,229.1% during the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock valued at $22,502,000 after buying an additional 818,838 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Vornado Realty Trust by 33.3% during the 2nd quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust’s stock valued at $12,553,000 after buying an additional 120,902 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

About Vornado Realty Trust

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