Vornado Realty Trust (NYSE:VNO) received a $76.00 target price from equities research analysts at Sandler O’Neill in a research note issued to investors on Thursday, March 15th. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Sandler O’Neill’s price objective would suggest a potential upside of 13.87% from the stock’s previous close.
VNO has been the subject of a number of other research reports. SunTrust Banks upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. TheStreet upgraded shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, December 18th. JPMorgan Chase downgraded shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price objective for the company. in a report on Friday, December 15th. Zacks Investment Research upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Finally, Barclays restated a “hold” rating and set a $75.00 price objective on shares of Vornado Realty Trust in a report on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Vornado Realty Trust currently has an average rating of “Buy” and a consensus price target of $86.15.
Shares of VNO stock traded down $1.03 on Thursday, hitting $66.74. The stock had a trading volume of 587,702 shares, compared to its average volume of 1,110,359. Vornado Realty Trust has a 12-month low of $64.13 and a 12-month high of $82.68. 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 $12,679.53, a P/E ratio of 17.89, a P/E/G ratio of 4.07 and a beta of 0.86.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data 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 net margin of 9.10% and a return on equity of 5.44%. The business had revenue of $536.23 million during the quarter, compared to the consensus estimate of $532.81 million. During the same quarter last year, the company posted $3.43 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. research analysts expect that Vornado Realty Trust will post 3.87 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Global Endowment Management LP increased its stake in shares of Vornado Realty Trust by 248.6% in the fourth quarter. Global Endowment Management LP now owns 12,900 shares of the real estate investment trust’s stock worth $1,008,000 after purchasing an additional 9,200 shares in the last quarter. Amica Pension Fund Board of Trustees purchased a new position in shares of Vornado Realty Trust in the third quarter worth about $2,739,000. Ffcm LLC bought a new position in shares of Vornado Realty Trust in the third quarter valued at approximately $1,044,000. Neuberger Berman Group LLC boosted its position in shares of Vornado Realty Trust by 13.2% in the third quarter. Neuberger Berman Group LLC now owns 537,094 shares of the real estate investment trust’s stock valued at $41,292,000 after acquiring an additional 62,429 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of Vornado Realty Trust in the fourth quarter valued at approximately $3,625,000. Hedge funds and other institutional investors own 88.82% of the company’s stock.
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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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