Vornado Realty Trust (NYSE:VNO) Price Target Raised to $32.00

Vornado Realty Trust (NYSE:VNO) had its target price lifted by Barclays from $31.00 to $32.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an underweight rating on the real estate investment trust’s stock.

A number of other brokerages have also recently weighed in on VNO. Truist Financial raised their price target on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Morgan Stanley increased their price objective on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday. Compass Point increased their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group increased their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, February 25th. Finally, Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. 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.com, the company has a consensus rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Stock Up 3.7 %

VNO opened at $36.71 on Friday. The business has a 50 day moving average price of $40.64 and a two-hundred day moving average price of $40.76. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The company has a market cap of $7.01 billion, a PE ratio of 917.63, a P/E/G ratio of 9.69 and a beta of 1.60. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. As a group, research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Institutional Investors Weigh In On Vornado Realty Trust

Several hedge funds have recently modified their holdings of the company. Assetmark Inc. lifted its holdings in shares of Vornado Realty Trust by 122.2% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 661 shares during the period. Atria Investments Inc lifted its holdings in shares of Vornado Realty Trust by 5.6% during the 3rd quarter. Atria Investments Inc now owns 51,725 shares of the real estate investment trust’s stock worth $2,038,000 after acquiring an additional 2,752 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Vornado Realty Trust by 18.6% during the 3rd quarter. Victory Capital Management Inc. now owns 63,580 shares of the real estate investment trust’s stock worth $2,505,000 after acquiring an additional 9,968 shares during the period. Metis Global Partners LLC lifted its holdings in shares of Vornado Realty Trust by 34.3% during the 3rd quarter. Metis Global Partners LLC now owns 17,062 shares of the real estate investment trust’s stock worth $672,000 after acquiring an additional 4,357 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in shares of Vornado Realty Trust during the 3rd quarter worth about $222,000. 90.02% of the stock is owned by institutional investors and hedge funds.

About Vornado Realty Trust

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