Vornado Realty Trust (NYSE:VNO) Receives Consensus Rating of "Hold" from Analysts

Shares of Vornado Realty Trust (NYSE:VNO - Get Free Report) have received a consensus recommendation of "Hold" from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Two research 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 1 year price objective among analysts that have issued a report on the stock in the last year is $38.00.

A number of research analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, February 25th. Piper Sandler decreased their price target on shares of Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Barclays raised their price objective on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a research note on Friday, March 14th. Compass Point boosted their target price 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. Finally, StockNews.com downgraded Vornado Realty Trust from a "hold" rating to a "sell" rating in a research note on Wednesday.

Hedge Funds Weigh In On Vornado Realty Trust

A number of hedge funds have recently made changes to their positions in the business. UMB Bank n.a. grew its stake in Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 268 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Vornado Realty Trust by 1.4% during the 1st quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust's stock valued at $758,000 after purchasing an additional 282 shares during the last quarter. Assetmark Inc. boosted its position in shares of Vornado Realty Trust by 23.8% in the 4th quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 286 shares in the last quarter. Fifth Third Bancorp grew its stake in Vornado Realty Trust by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after buying an additional 312 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in Vornado Realty Trust by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 5,950 shares of the real estate investment trust's stock valued at $250,000 after buying an additional 324 shares during the last quarter. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Up 1.6 %

Vornado Realty Trust stock opened at $38.97 on Thursday. The company has a 50 day moving average of $36.33 and a 200-day moving average of $40.16. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a twelve month low of $22.42 and a twelve month high of $46.63. The stock has a market capitalization of $7.48 billion, a PE ratio of 974.20, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47.

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, topping the consensus estimate 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 firm had revenue of $461.58 million for the quarter, compared to analysts' expectations of $452.68 million. During the same period in the previous year, the firm posted $0.55 EPS. The company's revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Company Profile

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.