Vornado Realty Trust (NYSE:VNO) Receives $34.07 Consensus Target Price from Analysts

Shares of Vornado Realty Trust (NYSE:VNO) have been given an average rating of “Reduce” by the eleven analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $34.07.

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a report on Tuesday, November 12th. Scotiabank lifted their price objective on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Compass Point boosted their price objective on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Evercore ISI raised their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th.

Vornado Realty Trust Price Performance

NYSE:VNO opened at $40.98 on Thursday. Vornado Realty Trust has a 52 week low of $21.16 and a 52 week high of $46.63. 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 simple moving average is $40.84 and its 200 day simple moving average is $32.52. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of -141.31 and a beta of 1.64.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data 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). The company had revenue of $443.26 million during the quarter, compared to analyst estimates 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 was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 earnings per share. As a group, sell-side analysts predict that Vornado Realty Trust will post 2.15 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. grew its stake in shares of Vornado Realty Trust by 5.7% in the first quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust’s stock worth $13,501,000 after purchasing an additional 25,374 shares during the last quarter. National Bank of Canada FI lifted its holdings 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 buying an additional 67,100 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of Vornado Realty Trust in the 1st quarter valued at about $12,824,000. Bank of Montreal Can increased its stake in shares of Vornado Realty Trust by 2,229.1% in the second quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock valued at $22,502,000 after buying an additional 818,838 shares during the period. Finally, Hsbc Holdings PLC raised 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 acquiring an additional 120,902 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

About Vornado Realty Trust

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