Vornado Realty Trust (NYSE:VNO) Sees Unusually-High Trading Volume

Vornado Realty Trust (NYSE:VNO - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,044,594 shares changed hands during mid-day trading, a decline of 54% from the previous session's volume of 2,269,795 shares.The stock last traded at $29.16 and had previously closed at $28.84.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VNO shares. Piper Sandler lifted their price target on Vornado Realty Trust from $16.00 to $25.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 20th. TheStreet upgraded Vornado Realty Trust from a "d+" rating to a "c-" rating in a report on Thursday, December 28th. Barclays started coverage on Vornado Realty Trust in a report on Wednesday, March 27th. They issued an "underweight" rating and a $22.00 price objective for the company. Truist Financial lifted their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "hold" rating in a report on Wednesday, December 20th. Finally, BMO Capital Markets upgraded Vornado Realty Trust from an "underperform" rating to a "market perform" rating and lifted their price objective for the stock from $25.00 to $31.00 in a report on Friday, December 15th. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $24.80.

Vornado Realty Trust Trading Up 4.0 %

The stock has a 50 day simple moving average of $26.49 and a 200-day simple moving average of $25.31. The firm has a market capitalization of $5.71 billion, a P/E ratio of 130.35 and a beta of 1.57. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.82.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $441.89 million for the quarter, compared to analysts' expectations of $453.82 million. During the same period in the previous year, the firm earned $0.72 earnings per share. The firm's quarterly revenue was down 1.1% on a year-over-year basis. On average, equities research analysts forecast that Vornado Realty Trust will post 2.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VNO. Raymond James & Associates lifted its position in shares of Vornado Realty Trust by 39.3% during the 1st quarter. Raymond James & Associates now owns 8,627 shares of the real estate investment trust's stock valued at $391,000 after buying an additional 2,432 shares in the last quarter. US Bancorp DE lifted its holdings in Vornado Realty Trust by 11.1% in the 1st quarter. US Bancorp DE now owns 10,522 shares of the real estate investment trust's stock worth $477,000 after purchasing an additional 1,052 shares in the last quarter. Cetera Advisor Networks LLC purchased a new position in Vornado Realty Trust in the 1st quarter worth approximately $208,000. Natixis Advisors L.P. lifted its holdings in Vornado Realty Trust by 24.5% in the 1st quarter. Natixis Advisors L.P. now owns 23,245 shares of the real estate investment trust's stock worth $1,053,000 after purchasing an additional 4,575 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Vornado Realty Trust by 24.1% in the 1st quarter. MetLife Investment Management LLC now owns 43,587 shares of the real estate investment trust's stock worth $1,975,000 after purchasing an additional 8,459 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other 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.