Vornado Realty Trust (NYSE:VNO) Cut to Sell at StockNews.com

StockNews.com lowered shares of Vornado Realty Trust (NYSE:VNO) from a hold rating to a sell rating in a research report report published on Wednesday morning.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group increased their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, February 25th. Barclays raised their target price 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. Morgan Stanley increased their price objective on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, March 14th. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, Piper Sandler cut their price target on Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $38.00.

Vornado Realty Trust Trading Up 0.3 %

VNO stock opened at $38.84 on Wednesday. The company has a market capitalization of $7.46 billion, a PE ratio of 971.00, a P/E/G ratio of 9.69 and a beta of 1.47. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63. The firm’s 50-day moving average is $36.29 and its 200 day moving average is $40.10.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The firm had revenue of $461.58 million during the quarter, compared to the consensus estimate of $452.68 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. On average, research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Hedge Funds Weigh In On Vornado Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Deutsche Bank AG increased its stake in Vornado Realty Trust by 21.3% during the 1st quarter. Deutsche Bank AG now owns 2,952,900 shares of the real estate investment trust’s stock valued at $109,228,000 after purchasing an additional 517,773 shares in the last quarter. Centersquare Investment Management LLC raised its stake in Vornado Realty Trust by 32.2% in the 1st quarter. Centersquare Investment Management LLC now owns 2,595,901 shares of the real estate investment trust’s stock worth $96,022,000 after acquiring an additional 632,721 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Vornado Realty Trust by 8.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,550 shares of the real estate investment trust’s stock worth $464,000 after acquiring an additional 974 shares during the period. US Bancorp DE increased its holdings in shares of Vornado Realty Trust by 8.7% in the first quarter. US Bancorp DE now owns 20,286 shares of the real estate investment trust’s stock valued at $750,000 after purchasing an additional 1,622 shares during the period. Finally, Natixis Advisors LLC raised its stake in shares of Vornado Realty Trust by 2.8% in the first quarter. Natixis Advisors LLC now owns 52,778 shares of the real estate investment trust’s stock worth $1,952,000 after purchasing an additional 1,462 shares during the last quarter. 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.