Vornado Realty Trust (NYSE:VNO) Given Average Recommendation of “Hold” by Brokerages

Shares of Vornado Realty Trust (NYSE:VNO) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $38.55.

VNO has been the subject of several recent analyst reports. Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and upped their target price for the company from $38.00 to $48.00 in a report on Tuesday, January 7th. Truist Financial upped their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Barclays upped their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, March 14th. Compass Point upped their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group upped their target price on Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, February 25th.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $38.26 on Wednesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. The stock has a 50 day moving average price of $40.48 and a two-hundred day moving average price of $40.91. The firm has a market capitalization 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. Vornado Realty Trust has a 52 week low of $22.42 and a 52 week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data 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 return on equity of 1.60% and a net margin of 3.94%. Equities analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vornado Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in Vornado Realty Trust during the fourth quarter valued at $32,000. UMB Bank n.a. lifted its position in shares of Vornado Realty Trust by 53.2% during the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 268 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Vornado Realty Trust by 1,014.0% during the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 872 shares in the last quarter. FIL Ltd purchased a new stake in shares of Vornado Realty Trust during the fourth quarter worth $49,000. Finally, Assetmark Inc. lifted its position in shares of 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 in the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Company Profile

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