Vornado Realty Trust (NYSE:VNO) Upgraded at StockNews.com

Vornado Realty Trust (NYSE:VNO - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Thursday.

Other analysts also recently issued reports about the company. Barclays upped 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. Piper Sandler lowered their price target on Vornado Realty Trust from $44.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Morgan Stanley increased their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. The Goldman Sachs Group increased their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, February 25th. Finally, Compass Point increased their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $38.00.

Vornado Realty Trust Trading Up 0.4%

Shares of VNO stock traded up $0.17 on Thursday, reaching $39.63. 830,055 shares of the stock were exchanged, compared to its average volume of 1,620,547. The stock has a market cap of $7.61 billion, a P/E ratio of 990.75, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm has a 50 day moving average of $36.39 and a two-hundred day moving average of $39.96. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63.

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

Hedge Funds Weigh In On Vornado Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in Vornado Realty Trust by 53.2% in the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 268 shares during the last quarter. Twin Tree Management LP boosted its position in Vornado Realty Trust by 102.1% in the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 38,585 shares during the last quarter. FIL Ltd purchased a new position in Vornado Realty Trust in the 4th quarter valued at about $49,000. Assetmark Inc. boosted its position in 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 valued at $63,000 after buying an additional 286 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Vornado Realty Trust by 61.6% in the 4th quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 677 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

About Vornado Realty Trust

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