Vornado Realty Trust (NYSE:VNO) Price Target Raised to $39.00

Vornado Realty Trust (NYSE:VNO - Get Free Report) had its price target lifted by research analysts at Piper Sandler from $38.00 to $39.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. Piper Sandler's price objective would indicate a potential upside of 2.88% from the stock's previous close.

A number of other equities research analysts have also weighed in on VNO. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Barclays increased their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a report on Friday, March 14th. Morgan Stanley upped their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. The Goldman Sachs Group increased their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, February 25th. Finally, Compass Point lifted their price objective on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $38.09.

Vornado Realty Trust Trading Up 2.2%

NYSE:VNO traded up $0.82 during mid-day trading on Friday, reaching $37.91. The company's stock had a trading volume of 1,136,653 shares, compared to its average volume of 1,614,682. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The company's fifty day simple moving average is $36.45 and its two-hundred day simple moving average is $39.72. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.59 and a quick ratio of 4.59. The stock has a market cap of $7.28 billion, a P/E ratio of 947.75, a P/E/G ratio of 9.69 and a beta of 1.47.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The business had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. During the same period last year, the company posted $0.55 EPS. The business's quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Vornado Realty Trust in the 4th quarter valued at $729,073,000. Franklin Resources Inc. lifted its position in shares of Vornado Realty Trust by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust's stock worth $500,263,000 after buying an additional 792,100 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Vornado Realty Trust by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust's stock valued at $373,672,000 after purchasing an additional 278,409 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Vornado Realty Trust by 126.8% during the fourth quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock worth $268,912,000 after buying an additional 3,575,593 shares in the last quarter. Finally, Invesco Ltd. raised its position in Vornado Realty Trust by 34.0% in the first quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust's stock valued at $155,476,000 after purchasing an additional 1,067,284 shares during the last quarter. Institutional investors own 90.02% of the company's stock.

About Vornado Realty Trust

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