Scotiabank upgraded shares of Vornado Realty Trust (NYSE:VNO) from an underperform rating to a sector perform rating in a report published on Tuesday morning, The Fly reports.
Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research report on Monday, May 6th. BMO Capital Markets increased their price objective on shares of Dollarama from C$35.00 to C$45.00 and gave the company a market perform rating in a research report on Wednesday, June 5th. Deutsche Bank dropped their price objective on shares of Vornado Realty Trust from $80.00 to $73.00 and set a hold rating on the stock in a research report on Wednesday, April 10th. SunTrust Banks reissued a buy rating and issued a $20.00 price objective on shares of ANGI Homeservices in a research report on Wednesday, May 22nd. Finally, Morgan Stanley lowered shares of Silicon Motion Technology from an equal weight rating to an underweight rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $75.38.
NYSE VNO opened at $65.60 on Tuesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.93 and a quick ratio of 3.93. The stock’s fifty day moving average price is $66.30. Vornado Realty Trust has a 1 year low of $59.48 and a 1 year high of $77.59. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 3.46 and a beta of 0.96.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.78). Vornado Realty Trust had a return on equity of 10.19% and a net margin of 28.76%. The firm had revenue of $534.67 million for the quarter, compared to the consensus estimate of $583.32 million. During the same period last year, the company posted $0.30 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. As a group, sell-side analysts expect that Vornado Realty Trust will post 3.8 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Rational Advisors LLC increased its position in Vornado Realty Trust by 375.5% during the first quarter. Rational Advisors LLC now owns 718 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 567 shares during the period. Pearl River Capital LLC acquired a new stake in Vornado Realty Trust during the first quarter worth about $64,000. Whitener Capital Management Inc. grew its stake in Vornado Realty Trust by 46.1% during the first quarter. Whitener Capital Management Inc. now owns 951 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 300 shares in the last quarter. Bessemer Group Inc. grew its stake in Vornado Realty Trust by 33.3% during the fourth quarter. Bessemer Group Inc. now owns 989 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 247 shares in the last quarter. Finally, First Hawaiian Bank grew its stake in Vornado Realty Trust by 476.2% during the first quarter. First Hawaiian Bank now owns 1,331 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 1,100 shares in the last quarter. 77.29% of the stock is currently owned by institutional investors.
Vornado Realty Trust Company Profile
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. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.
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