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

StockNews.com upgraded shares of Vornado Realty Trust (NYSE:VNO) to a sell rating in a report issued on Tuesday.

A number of other brokerages have also issued reports on VNO. Bank of America lifted their price target on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Piper Sandler reaffirmed a “neutral” rating and set a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Barclays raised their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Compass Point boosted their price target on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Truist Financial upped their price objective on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.07.

Vornado Realty Trust Stock Performance

VNO opened at $41.65 on Tuesday. The firm’s fifty day simple moving average is $40.11 and its two-hundred day simple moving average is $32.01. Vornado Realty Trust has a 52-week low of $21.16 and a 52-week high of $46.63. The company has a market cap of $7.94 billion, a price-to-earnings ratio of -143.62 and a beta of 1.64. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The company had revenue of $443.26 million for the quarter, compared to analyst estimates of $445.07 million. During the same quarter last year, the company earned $0.66 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities analysts anticipate that Vornado Realty Trust will post 2.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Vornado Realty Trust by 3.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,660 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 386 shares during the last quarter. Sei Investments Co. boosted its position in shares of Vornado Realty Trust by 5.7% during the first quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust’s stock worth $13,501,000 after buying an additional 25,374 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of Vornado Realty Trust by 5.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 217,050 shares of the real estate investment trust’s stock valued at $6,245,000 after buying an additional 10,244 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Vornado Realty Trust in the 1st quarter valued at $12,824,000. Finally, National Bank of Canada FI lifted its stake in Vornado Realty Trust by 7.9% during the 1st quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust’s stock worth $26,385,000 after acquiring an additional 67,100 shares in the last quarter. 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.