Morgan Stanley Increases Vornado Realty Trust (NYSE:VNO) Price Target to $28.00

Vornado Realty Trust (NYSE:VNO) had its price target increased by Morgan Stanley from $26.00 to $28.00 in a report released on Friday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the stock. Compass Point boosted their price target on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group boosted their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, February 25th. Mizuho upgraded shares of 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. StockNews.com upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Truist Financial boosted their price objective on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. 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. Based on data from MarketBeat, Vornado Realty Trust has an average rating of “Hold” and a consensus price target of $38.55.

Vornado Realty Trust Price Performance

VNO stock opened at $36.71 on Friday. 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 one year low of $22.42 and a one year high of $46.63. The stock has a market cap of $7.01 billion, a PE ratio of 917.63, a P/E/G ratio of 9.69 and a beta of 1.60. The firm has a 50 day simple moving average of $40.64 and a two-hundred day simple moving average of $40.76.

Vornado Realty Trust (NYSE:VNO) last released 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 net margin of 3.94% and a return on equity of 1.60%. On average, analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Vornado Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its position in Vornado Realty Trust by 122.2% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 661 shares during the period. Atria Investments Inc increased its position in Vornado Realty Trust by 5.6% during the 3rd quarter. Atria Investments Inc now owns 51,725 shares of the real estate investment trust’s stock valued at $2,038,000 after purchasing an additional 2,752 shares during the period. Victory Capital Management Inc. increased its position in Vornado Realty Trust by 18.6% during the 3rd quarter. Victory Capital Management Inc. now owns 63,580 shares of the real estate investment trust’s stock valued at $2,505,000 after purchasing an additional 9,968 shares during the period. Metis Global Partners LLC increased its position in Vornado Realty Trust by 34.3% during the 3rd quarter. Metis Global Partners LLC now owns 17,062 shares of the real estate investment trust’s stock valued at $672,000 after purchasing an additional 4,357 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in Vornado Realty Trust during the 3rd quarter valued at $222,000. 90.02% of the stock is currently owned by institutional investors.

About Vornado Realty Trust

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