Vornado Realty Trust (VNO) Upgraded to B- by TheStreet

Vornado Realty Trust (NYSE:VNO) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Monday, December 18th.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Tuesday, October 17th. Stifel Nicolaus lowered Vornado Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $86.00 to $77.00 in a report on Wednesday, August 30th. JPMorgan Chase & Co. lowered Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 target price for the company. in a report on Friday, December 15th. Argus upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Thursday, August 24th. Finally, Sandler O’Neill restated a “buy” rating and set a $90.00 target price on shares of Vornado Realty Trust in a report on Tuesday, September 26th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Vornado Realty Trust presently has a consensus rating of “Hold” and an average target price of $91.75.

Shares of Vornado Realty Trust (VNO) traded down $0.96 during midday trading on Monday, hitting $71.92. The company had a trading volume of 872,607 shares, compared to its average volume of 837,070. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $13,838.30, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 4.39 and a beta of 1.00. Vornado Realty Trust has a 12-month low of $71.87 and a 12-month high of $111.72.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.90. The company had revenue of $528.76 million during the quarter, compared to analyst estimates of $545.53 million. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. Vornado Realty Trust’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. equities research analysts anticipate that Vornado Realty Trust will post 3.92 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Kemper Corp Master Retirement Trust increased its position in shares of Vornado Realty Trust by 0.4% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock valued at $629,000 after acquiring an additional 25 shares during the period. Victory Capital Management Inc. increased its position in shares of Vornado Realty Trust by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,459 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 29 shares during the period. Global X Management Co. LLC increased its position in shares of Vornado Realty Trust by 14.5% in the 2nd quarter. Global X Management Co. LLC now owns 2,336 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 295 shares during the period. Advisor Group Inc. increased its position in shares of Vornado Realty Trust by 11.6% in the 2nd quarter. Advisor Group Inc. now owns 3,988 shares of the real estate investment trust’s stock valued at $374,000 after acquiring an additional 413 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Vornado Realty Trust by 62.1% in the 2nd quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 419 shares during the period. 86.00% of the stock is currently owned by institutional investors and hedge funds.

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Vornado Realty Trust Company Profile

Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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