Compass Point Issues Positive Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price objective upped by stock analysts at Compass Point from $40.00 to $44.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Compass Point’s price target points to a potential upside of 5.24% from the company’s previous close.

Other research analysts have also issued reports about the company. Evercore ISI increased their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their target price for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Truist Financial lifted their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Barclays upped their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and an average target price of $37.98.

Vornado Realty Trust Stock Down 0.8 %

Shares of NYSE VNO opened at $41.81 on Wednesday. The firm’s 50 day moving average price is $42.13 and its 200 day moving average price is $39.46. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The firm has a market cap of $7.97 billion, a P/E ratio of -144.18 and a beta of 1.62. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. As a group, sell-side analysts anticipate that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Hedge Funds Weigh In On Vornado Realty Trust

Several hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Vornado Realty Trust during the fourth quarter valued at approximately $729,073,000. Franklin Resources Inc. increased its holdings in shares of Vornado Realty Trust by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust’s stock valued at $500,263,000 after buying an additional 792,100 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Vornado Realty Trust by 126.8% in the fourth 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 buying an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Vornado Realty Trust by 232.8% during 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 acquiring an additional 2,468,652 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Vornado Realty Trust by 111.3% during the 4th quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust’s stock worth $131,833,000 after acquiring an additional 1,651,819 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.