Vornado Realty Trust (NYSE:VNO) Receives Average Recommendation of “Hold” from Brokerages

Vornado Realty Trust (NYSE:VNOGet Free Report) has earned a consensus rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $38.55.

A number of brokerages recently issued reports on VNO. Compass Point increased their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Morgan Stanley increased their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, March 14th. Barclays increased their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, March 14th. Truist Financial increased their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $38.00 to $48.00 in a research report on Tuesday, January 7th.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VNO. Norges Bank bought a new position in shares of Vornado Realty Trust during the fourth quarter valued at about $729,073,000. Principal Financial Group Inc. grew its stake in shares of 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 buying an additional 3,575,593 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 2,468,652 shares during the last quarter. 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. grew its stake 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 valued at $131,833,000 after buying an additional 1,651,819 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Trading Down 1.0 %

NYSE:VNO opened at $38.26 on Wednesday. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. 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 $7.30 billion, a P/E ratio of 956.40, a P/E/G ratio of 9.69 and a beta of 1.60. The stock’s fifty day moving average price is $40.48 and its two-hundred day moving average price is $40.91.

Vornado Realty Trust (NYSE:VNOGet Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (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%. As a group, analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Company Profile

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

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Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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