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

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

A number of other equities research analysts have also recently issued reports on the company. Morgan Stanley boosted their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Truist Financial boosted their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Compass Point boosted their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $38.55.

Vornado Realty Trust Trading Up 3.7 %

Vornado Realty Trust stock opened at $36.71 on Friday. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The stock has a market capitalization of $7.01 billion, a P/E ratio of 917.63, a PEG ratio of 9.69 and a beta of 1.60. The stock has a 50-day simple moving average of $40.76 and a 200 day simple moving average of $40.65.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Vornado Realty Trust during the fourth quarter valued at approximately $729,073,000. Franklin Resources Inc. raised its position in Vornado Realty Trust by 7.1% during 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 purchasing an additional 792,100 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Vornado Realty Trust by 3.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust’s stock valued at $373,672,000 after purchasing an additional 278,409 shares in the last quarter. Principal Financial Group Inc. raised its position in Vornado Realty Trust by 126.8% during 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 purchasing an additional 3,575,593 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position 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 purchasing an additional 2,468,652 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

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