Vornado Realty Trust (NYSE:VNO) Given New $40.00 Price Target at Compass Point

Vornado Realty Trust (NYSE:VNO) had its price target lifted by Compass Point from $32.00 to $40.00 in a report released on Wednesday,Benzinga reports. Compass Point currently has a neutral rating on the real estate investment trust’s stock.

VNO has been the subject of a number of other reports. Scotiabank increased their price target 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 increased their price target on Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. Barclays raised their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Truist Financial raised their price objective on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Finally, Piper Sandler restated a “neutral” rating and issued a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.07.

Vornado Realty Trust Trading Up 2.2 %

Shares of VNO stock opened at $45.76 on Wednesday. Vornado Realty Trust has a 1-year low of $19.63 and a 1-year high of $45.90. The stock’s 50-day moving average is $39.54 and its 200 day moving average is $31.65. The company has a quick ratio of 5.21, a current ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business had revenue of $443.26 million during the quarter, compared to analysts’ expectations of $445.07 million. During the same quarter last year, the business posted $0.66 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Institutional Trading of Vornado Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in Vornado Realty Trust by 331.0% during the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 844 shares during the period. Assetmark Inc. grew its holdings in Vornado Realty Trust by 122.2% during the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Vornado Realty Trust during the second quarter worth about $48,000. EverSource Wealth Advisors LLC grew its holdings in Vornado Realty Trust by 61.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 1,018 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in 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 acquiring an additional 665 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

About Vornado Realty Trust

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