Stock analysts at BMO Capital Markets began coverage on shares of Vornado Realty Trust (NYSE:VNO) in a note issued to investors on Friday, March 16th, MarketBeat.com reports. The brokerage set an “outperform” rating and a $85.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ target price points to a potential upside of 27.36% from the company’s previous close.
Several other research firms also recently issued reports on VNO. TheStreet upgraded shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. JPMorgan Chase cut shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a report on Friday, December 15th. SunTrust Banks raised 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. Barclays reissued a “hold” rating and set a $75.00 price target on shares of Vornado Realty Trust in a report on Wednesday, January 31st. Finally, Zacks Investment Research cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $86.15.
NYSE VNO traded down $1.03 during trading hours on Friday, hitting $66.74. The company had a trading volume of 587,702 shares, compared to its average volume of 1,110,359. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. Vornado Realty Trust has a 1-year low of $64.13 and a 1-year high of $82.68. The company has a market capitalization of $12,679.53, a PE ratio of 17.89, a P/E/G ratio of 4.07 and a beta of 0.86.
Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $536.23 million during the quarter, compared to the consensus estimate of $532.81 million. During the same quarter in the prior year, the firm posted $3.43 earnings per share. Vornado Realty Trust’s revenue for the quarter was up 4.3% on a year-over-year basis. research analysts expect that Vornado Realty Trust will post 3.87 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Fieldpoint Private Securities LLC purchased a new position in Vornado Realty Trust in the third quarter valued at about $100,000. Assetmark Inc. increased its holdings in Vornado Realty Trust by 5,978.3% in the fourth quarter. Assetmark Inc. now owns 1,398 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,375 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Vornado Realty Trust in the fourth quarter valued at about $134,000. West Oak Capital LLC purchased a new position in Vornado Realty Trust in the fourth quarter valued at about $138,000. Finally, Huntington National Bank increased its holdings in Vornado Realty Trust by 167.3% in the fourth quarter. Huntington National Bank now owns 1,903 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,191 shares in the last quarter. 88.82% of the stock is owned by institutional investors.
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Vornado Realty Trust Company Profile
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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