Vornado Realty Trust (NYSE:VNO) Price Target Raised to $28.00

Vornado Realty Trust (NYSE:VNO) had its target price hoisted by Morgan Stanley from $26.00 to $28.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust’s stock.

VNO has been the subject of several other research reports. Compass Point increased their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Mizuho upgraded shares of 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 report on Tuesday, January 7th. Truist Financial increased their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. The Goldman Sachs Group raised their price objective on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, February 25th. Finally, StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $38.55.

Vornado Realty Trust Stock Performance

VNO opened at $36.71 on Friday. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The company’s fifty day moving average price is $40.64 and its two-hundred day moving average price is $40.76. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 917.63, a PEG ratio of 9.69 and a beta of 1.60.

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

Hedge Funds Weigh In On Vornado Realty Trust

Large investors have recently modified their holdings of the business. Quantbot Technologies LP increased its stake in shares of Vornado Realty Trust by 112.0% in the third quarter. Quantbot Technologies LP now owns 130,258 shares of the real estate investment trust’s stock worth $5,132,000 after purchasing an additional 68,813 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Vornado Realty Trust during the fourth quarter valued at approximately $4,015,000. JPMorgan Chase & Co. grew its stake in Vornado Realty Trust by 232.8% during the third 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 in the last quarter. Principal Financial Group Inc. grew its stake in Vornado Realty Trust by 428.3% during the third quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock valued at $111,146,000 after acquiring an additional 2,286,997 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

About Vornado Realty Trust

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