Vornado Realty Trust (NYSE:VNO) Price Target Raised to $34.00 at Barclays

Vornado Realty Trust (NYSE:VNO) had its target price upped by equities research analysts at Barclays from $27.00 to $34.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s target price points to a potential downside of 22.67% from the company’s current price.

Other research analysts have also recently issued reports about the company. Piper Sandler reaffirmed a “neutral” rating and issued a $44.00 price target (up from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. Bank of America upped their price objective on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Truist Financial boosted their price objective on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Compass Point boosted their price objective on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.80.

Vornado Realty Trust Stock Up 1.9 %

NYSE:VNO traded up $0.80 on Monday, hitting $43.97. 17,397 shares of the company’s stock traded hands, compared to its average volume of 2,037,804. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 1.78. Vornado Realty Trust has a 1 year low of $18.36 and a 1 year high of $44.05. The firm has a 50-day moving average price of $37.74 and a 200-day moving average price of $30.53. The company has a market cap of $8.38 billion, a PE ratio of 488.56 and a beta of 1.65.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.37). Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The business had revenue of $450.27 million for the quarter, compared to the consensus estimate of $439.28 million. During the same quarter in the previous year, the company earned $0.72 EPS. Vornado Realty Trust’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts anticipate that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Vornado Realty Trust

Several large investors have recently modified their holdings of VNO. Park Avenue Securities LLC lifted its holdings in Vornado Realty Trust by 5.8% in the first quarter. Park Avenue Securities LLC now owns 10,036 shares of the real estate investment trust’s stock valued at $289,000 after acquiring an additional 553 shares during the period. State of Michigan Retirement System grew its stake in shares of Vornado Realty Trust by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 39,300 shares of the real estate investment trust’s stock valued at $1,131,000 after acquiring an additional 900 shares during the period. State of Alaska Department of Revenue raised its stake in Vornado Realty Trust by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 101,565 shares of the real estate investment trust’s stock worth $2,921,000 after acquiring an additional 531 shares during the period. Van ECK Associates Corp boosted its position in shares of Vornado Realty Trust by 3.3% in the first quarter. Van ECK Associates Corp now owns 72,335 shares of the real estate investment trust’s stock worth $2,081,000 after purchasing an additional 2,311 shares during the period. Finally, Retirement Systems of Alabama lifted its stake in shares of Vornado Realty Trust by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 200,756 shares of the real estate investment trust’s stock valued at $5,776,000 after buying an additional 527 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

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