Barclays Issues Positive Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its target price upped by Barclays from $27.00 to $34.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has an underweight rating on the real estate investment trust’s stock.

VNO has been the topic of several other research reports. StockNews.com raised Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. Scotiabank boosted their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Bank of America raised their price target on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Compass Point increased their target price on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, BMO Capital Markets upgraded shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $29.00 to $40.00 in a research note on Thursday, August 8th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vornado Realty Trust presently has an average rating of “Hold” and a consensus price target of $32.80.

Vornado Realty Trust Stock Down 2.6 %

Shares of NYSE VNO opened at $41.41 on Monday. The firm has a 50 day moving average price of $38.30 and a 200 day moving average price of $30.83. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. The stock has a market cap of $7.89 billion, a P/E ratio of 460.11 and a beta of 1.65. Vornado Realty Trust has a 52-week low of $18.36 and a 52-week high of $44.05.

Vornado Realty Trust (NYSE:VNO) last posted 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). The business had revenue of $450.27 million for the quarter, compared to the consensus estimate of $439.28 million. Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Analysts expect that Vornado Realty Trust will post 2.16 EPS for the current year.

Institutional Investors Weigh In On Vornado Realty Trust

A number of large investors have recently added to or reduced their stakes in VNO. Blue Trust Inc. increased its holdings in shares of Vornado Realty Trust by 331.0% in the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 844 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Vornado Realty Trust during the second quarter worth approximately $48,000. Fidelis Capital Partners LLC acquired a new stake in Vornado Realty Trust during the first quarter worth approximately $55,000. EverSource Wealth Advisors LLC grew its position in shares of Vornado Realty Trust by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Vornado Realty Trust by 42.5% during the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 665 shares during the period. 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.