Vornado Realty Trust (NYSE:VNO) Given New $30.00 Price Target at The Goldman Sachs Group

Vornado Realty Trust (NYSE:VNO) had its price target upped by equities research analysts at The Goldman Sachs Group from $27.00 to $30.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “sell” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s target price points to a potential downside of 23.41% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Compass Point lifted 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. Evercore ISI raised their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Truist Financial boosted their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Barclays increased their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Finally, StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vornado Realty Trust has an average rating of “Hold” and an average price target of $38.55.

Vornado Realty Trust Stock Performance

VNO traded up $0.47 during trading on Tuesday, hitting $39.17. 353,162 shares of the company traded hands, compared to its average volume of 1,213,425. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The stock’s fifty day moving average is $41.53 and its 200 day moving average is $40.16. 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 firm has a market cap of $7.48 billion, a P/E ratio of 979.25, a price-to-earnings-growth ratio of 9.69 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. As a group, equities analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Institutional Trading of Vornado Realty Trust

Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Vornado Realty Trust in the fourth quarter worth $729,073,000. Principal Financial Group Inc. increased its position 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 acquiring an additional 3,575,593 shares during the period. JPMorgan Chase & Co. increased its position in shares of Vornado Realty Trust by 232.8% in 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 during the period. Bamco Inc. NY bought a new position in shares of Vornado Realty Trust during the third quarter valued at about $75,347,000. Finally, Invesco Ltd. boosted its holdings in shares of Vornado Realty Trust by 111.3% during the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust’s stock worth $131,833,000 after purchasing an additional 1,651,819 shares during the period. 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.