Analysts Set Vornado Realty Trust (NYSE:VNO) PT at $24.80

Shares of Vornado Realty Trust (NYSE:VNO) have been given a consensus rating of “Reduce” by the ten analysts that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $24.80.

A number of analysts have weighed in on VNO shares. The Goldman Sachs Group cut their price target on Vornado Realty Trust from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, February 22nd. Barclays started coverage on Vornado Realty Trust in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $22.00 price target on the stock. Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $24.00 to $26.00 in a research note on Thursday, March 28th. Finally, Evercore ISI dropped their price objective on Vornado Realty Trust from $28.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, February 15th.

Institutional Investors Weigh In On Vornado Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Vornado Realty Trust by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 24,458,815 shares of the real estate investment trust’s stock valued at $554,726,000 after acquiring an additional 116,504 shares during the period. Norges Bank acquired a new stake in shares of Vornado Realty Trust during the 4th quarter valued at approximately $489,922,000. Putnam Investments LLC lifted its position in shares of Vornado Realty Trust by 3.0% during the 4th quarter. Putnam Investments LLC now owns 9,978,649 shares of the real estate investment trust’s stock valued at $281,897,000 after acquiring an additional 288,952 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at approximately $132,326,000. Finally, Deutsche Bank AG lifted its position in shares of Vornado Realty Trust by 141.9% during the 3rd quarter. Deutsche Bank AG now owns 4,238,442 shares of the real estate investment trust’s stock valued at $96,128,000 after acquiring an additional 2,486,439 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Down 3.5 %

Shares of NYSE VNO opened at $26.04 on Friday. The stock has a market cap of $4.96 billion, a P/E ratio of 113.22 and a beta of 1.57. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.82. Vornado Realty Trust has a 12-month low of $12.31 and a 12-month high of $32.21. The business’s fifty day simple moving average is $26.69 and its 200-day simple moving average is $25.83.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). The company had revenue of $441.89 million during the quarter, compared to analyst estimates of $453.82 million. Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 earnings per share. As a group, equities analysts predict that Vornado Realty Trust will post 2.3 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.