Vornado Realty Trust (NYSE:VNO)‘s stock had its “hold” rating reaffirmed by equities researchers at Barclays in a report released on Tuesday. They currently have a $72.00 price target on the real estate investment trust’s stock. Barclays’ price objective points to a potential upside of 7.62% from the company’s previous close.
VNO has been the subject of a number of other reports. TheStreet cut Vornado Realty Trust from a “b-” rating to a “c” rating in a research note on Tuesday, February 13th. Argus lowered their target price on Vornado Realty Trust from $83.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, March 14th. BMO Capital Markets assumed coverage on Vornado Realty Trust in a research note on Friday, March 16th. They set an “outperform” rating and a $85.00 target price for the company. Morgan Stanley lowered their target price on Vornado Realty Trust from $83.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, March 26th. Finally, Zacks Investment Research cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $85.92.
NYSE VNO opened at $66.90 on Tuesday. Vornado Realty Trust has a 52-week low of $64.13 and a 52-week high of $82.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $12,776.42, a P/E ratio of 17.94 and a beta of 0.86.
Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Vornado Realty Trust had a return on equity of 5.44% and a net margin of 9.10%. The business had revenue of $536.23 million during the quarter, compared to analysts’ expectations of $532.81 million. During the same period in the prior year, the business earned $3.43 EPS. Vornado Realty Trust’s revenue for the quarter was up 4.3% compared to the same quarter last year. sell-side analysts expect that Vornado Realty Trust will post 3.85 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. KCM Investment Advisors LLC grew its stake in shares of Vornado Realty Trust by 1.6% during the 4th quarter. KCM Investment Advisors LLC now owns 75,116 shares of the real estate investment trust’s stock worth $5,873,000 after acquiring an additional 1,156 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of Vornado Realty Trust by 51.5% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,000 shares of the real estate investment trust’s stock valued at $782,000 after buying an additional 3,400 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Vornado Realty Trust in the fourth quarter valued at $4,171,000. BB&T Securities LLC grew its stake in shares of Vornado Realty Trust by 23.2% in the fourth quarter. BB&T Securities LLC now owns 4,932 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 929 shares in the last quarter. Finally, Hoylecohen LLC bought a new position in shares of Vornado Realty Trust in the fourth quarter valued at $1,978,000. 88.80% of the stock is owned by institutional investors.
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About Vornado Realty Trust
Vornado Realty Trust is a preeminent owner, manager and developer of office and retail assets. Vornado's portfolio is concentrated in the nation's key market ? New York City ? along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy.
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