Vornado Realty Trust (NYSE:VNO) Earns Buy Rating from Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH assumed coverage on shares of Vornado Realty Trust (NYSE:VNO) in a research report sent to investors on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $48.00 target price on the real estate investment trust’s stock.

A number of other research analysts have also recently commented on the company. Barclays upped their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Citigroup raised Vornado Realty Trust from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $34.00 to $42.00 in a research note on Friday, September 12th. Bank of America dropped their price objective on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, August 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vornado Realty Trust in a research note on Wednesday, October 8th. Finally, Scotiabank dropped their price objective on Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.42.

Vornado Realty Trust Trading Up 1.5%

VNO opened at $40.40 on Monday. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 4.83 and a beta of 1.59. The stock’s 50 day moving average price is $39.43 and its 200-day moving average price is $38.26. Vornado Realty Trust has a one year low of $29.68 and a one year high of $46.63. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $441.44 million for the quarter, compared to analysts’ expectations of $468.79 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, equities analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Insiders Place Their Bets

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.42% of the stock is currently owned by corporate insiders.

Institutional Trading of Vornado Realty Trust

A number of hedge funds have recently bought and sold shares of VNO. GAMMA Investing LLC lifted its holdings in Vornado Realty Trust by 18.2% during the first quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 868 shares during the period. Simon Quick Advisors LLC purchased a new stake in Vornado Realty Trust during the first quarter worth $221,000. Fifth Third Bancorp lifted its holdings in Vornado Realty Trust by 16.4% during the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 312 shares during the period. State of Alaska Department of Revenue lifted its holdings in Vornado Realty Trust by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 105,067 shares of the real estate investment trust’s stock worth $3,885,000 after buying an additional 1,617 shares during the period. Finally, Friedenthal Financial acquired a new position in shares of Vornado Realty Trust during the first quarter worth $75,000. Hedge funds and other institutional investors 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.