Vornado Realty Trust (NYSE:VNO) Given New $39.00 Price Target at Piper Sandler

Vornado Realty Trust (NYSE:VNO - Get Free Report) had its target price lifted by Piper Sandler from $38.00 to $39.00 in a research 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 target would indicate a potential upside of 2.79% from the company's previous close.

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

Vornado Realty Trust Trading Up 0.1%

VNO traded up $0.02 during trading on Friday, reaching $37.94. 276,864 shares of the company's stock were exchanged, compared to its average volume of 1,609,403. The stock has a market capitalization of $7.28 billion, a PE ratio of 948.38, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47. Vornado Realty Trust has a one year low of $22.42 and a one year high of $46.63. The firm has a fifty day moving average price of $36.43 and a two-hundred day moving average price of $39.70. 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 - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The business had revenue of $461.58 million for the quarter, compared to analysts' expectations of $452.68 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vornado Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Vornado Realty Trust during the 4th quarter worth about $729,073,000. Franklin Resources Inc. lifted its holdings in 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 in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Vornado Realty Trust by 3.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust's stock worth $373,672,000 after acquiring an additional 278,409 shares during the period. Principal Financial Group Inc. increased its holdings in Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust's stock worth $268,912,000 after purchasing an additional 3,575,593 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Vornado Realty Trust by 34.0% in the 1st quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust's stock valued at $155,476,000 after buying an additional 1,067,284 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

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