Vornado Realty Trust (NYSE:VNO) Given Average Recommendation of “Hold” by Brokerages

Vornado Realty Trust (NYSE:VNO) has received a consensus rating of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $38.55.

Several analysts have recently commented on the company. Truist Financial raised their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Morgan Stanley raised their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, March 14th. Compass Point upped their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Mizuho upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $39.31 on Wednesday. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The stock has a market capitalization of $7.50 billion, a P/E ratio of 982.75, a P/E/G ratio of 9.69 and a beta of 1.60. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The company’s fifty day moving average is $40.50 and its two-hundred day moving average is $40.95.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, sell-side analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On Vornado Realty Trust

A number of large investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Vornado Realty Trust in the fourth quarter valued at $729,073,000. Principal Financial Group Inc. raised its stake in Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after purchasing an additional 3,575,593 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Vornado Realty Trust by 232.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after purchasing an additional 2,468,652 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of Vornado Realty Trust during the 3rd quarter worth about $75,347,000. Finally, Invesco Ltd. raised its position in shares of Vornado Realty Trust by 111.3% in the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust’s stock valued at $131,833,000 after buying an additional 1,651,819 shares during the last quarter. Institutional investors and hedge funds 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.