Vornado Realty Trust (NYSE:VNO) PT Lowered to $27.00 at Compass Point

Vornado Realty Trust (NYSE:VNO - Free Report) had its price objective reduced by Compass Point from $28.00 to $27.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the real estate investment trust's stock.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley raised Vornado Realty Trust from an underweight rating to an equal weight rating and boosted their price objective for the stock from $24.00 to $26.00 in a research note on Thursday, March 28th. Barclays initiated coverage on Vornado Realty Trust in a report on Wednesday, March 27th. They set an underweight rating and a $22.00 price target on the stock. Evercore ISI lowered their price target on Vornado Realty Trust from $28.00 to $26.00 and set an underperform rating for the company in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group cut their price objective on shares of Vornado Realty Trust from $24.00 to $21.00 and set a sell rating on the stock in a research report on Thursday, February 22nd. Six research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, Vornado Realty Trust has a consensus rating of Reduce and an average target price of $25.00.

Vornado Realty Trust Price Performance

Shares of NYSE VNO traded down $0.50 during midday trading on Wednesday, reaching $23.71. 2,433,550 shares of the stock traded hands, compared to its average volume of 2,230,943. The company's 50 day moving average is $26.69 and its 200 day moving average is $25.97. Vornado Realty Trust has a one year low of $12.31 and a one year high of $32.21. The company has a debt-to-equity ratio of 1.82, a current ratio of 4.95 and a quick ratio of 4.95. The stock has a market capitalization of $4.52 billion, a PE ratio of 158.07 and a beta of 1.57.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). Vornado Realty Trust had a net margin of 5.82% and a return on equity of 3.22%. The business had revenue of $441.89 million for the quarter, compared to the consensus estimate of $453.82 million. During the same quarter last year, the business earned $0.72 EPS. Vornado Realty Trust's revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Vornado Realty Trust will post 2.3 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Vornado Realty Trust during the 4th quarter worth $489,922,000. Kemnay Advisory Services Inc. purchased a new position in Vornado Realty Trust in the third quarter worth $132,326,000. Deutsche Bank AG lifted its holdings in shares of Vornado Realty Trust by 141.9% during the 3rd quarter. Deutsche Bank AG now owns 4,238,442 shares of the real estate investment trust's stock valued at $96,128,000 after purchasing an additional 2,486,439 shares during the last quarter. Rush Island Management LP purchased a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at $27,901,000. Finally, Nomura Holdings Inc. boosted its position in shares of Vornado Realty Trust by 2,410.2% in the 4th quarter. Nomura Holdings Inc. now owns 973,035 shares of the real estate investment trust's stock worth $27,488,000 after purchasing an additional 934,271 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.