Vornado Realty Trust (NYSE:VNO) Price Target Raised to $28.00

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

Other research analysts also recently issued reports about the company. StockNews.com raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Compass Point boosted their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. The Goldman Sachs Group boosted their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, February 25th. Truist Financial boosted their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Two investment 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 target price of $38.55.

Vornado Realty Trust Trading Up 3.7 %

VNO stock opened at $36.71 on Friday. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The firm has a market cap of $7.01 billion, a P/E ratio of 917.63, a P/E/G ratio of 9.69 and a beta of 1.60. The business’s 50 day moving average is $40.76 and its 200-day moving average is $40.65. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at $32,000. UMB Bank n.a. lifted its stake in shares of Vornado Realty Trust by 53.2% in the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Versant Capital Management Inc lifted its stake in shares of Vornado Realty Trust by 1,014.0% in the 4th quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 872 shares during the period. FIL Ltd acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at $49,000. Finally, Assetmark Inc. lifted its stake in shares of Vornado Realty Trust by 122.2% in 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. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

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