Vornado Realty Trust (NYSE:VNO) Shares Gap Down – Should You Sell?

Vornado Realty Trust (NYSE:VNO) shares gapped down prior to trading on Monday . The stock had previously closed at $40.61, but opened at $39.60. Vornado Realty Trust shares last traded at $39.75, with a volume of 138,010 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on VNO shares. Evercore ISI boosted their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Piper Sandler reaffirmed a “neutral” rating and set a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a report on Friday, October 18th. BMO Capital Markets raised shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $29.00 to $40.00 in a research note on Thursday, August 8th. Truist Financial raised their price target 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. Finally, Compass Point boosted their price objective on Vornado Realty Trust from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.07.

Vornado Realty Trust Stock Performance

The firm has a market cap of $7.82 billion, a PE ratio of -141.52 and a beta of 1.64. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The firm’s 50 day moving average price is $40.70 and its two-hundred day moving average price is $32.46.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The business had revenue of $443.26 million during the quarter, compared to analysts’ expectations of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. Vornado Realty Trust’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS. On average, research analysts forecast that Vornado Realty Trust will post 2.15 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI lifted its holdings in shares of Vornado Realty Trust by 7.9% in 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 during the last quarter. Bank of Montreal Can lifted its stake in Vornado Realty Trust by 2,229.1% during the second quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after purchasing an additional 818,838 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Vornado Realty Trust by 33.3% during the second quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust’s stock worth $12,553,000 after buying an additional 120,902 shares during the period. Atria Investments Inc acquired a new stake in shares of Vornado Realty Trust in the first quarter valued at $1,429,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Vornado Realty Trust by 598.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 90,640 shares of the real estate investment trust’s stock valued at $2,383,000 after buying an additional 77,668 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

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