Vornado Realty Trust (NYSE:VNO) Upgraded to “Sell” at StockNews.com

Vornado Realty Trust (NYSE:VNO) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a research report issued on Saturday.

A number of other research analysts have also weighed in on VNO. Scotiabank cut their target price on shares of Vornado Realty Trust from $24.00 to $23.00 and set a “sector perform” rating for the company in a report on Thursday, May 16th. Barclays reduced their target price on shares of Vornado Realty Trust from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Friday, May 24th. Compass Point decreased their target price on shares of Vornado Realty Trust from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Piper Sandler dropped their price target on Vornado Realty Trust from $25.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, May 13th. Finally, Morgan Stanley upgraded Vornado Realty Trust from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $24.00 to $26.00 in a research report on Thursday, March 28th. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.27.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $28.71 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.97 and a quick ratio of 4.97. Vornado Realty Trust has a 1-year low of $18.36 and a 1-year high of $32.21. The business has a 50 day simple moving average of $25.55 and a two-hundred day simple moving average of $26.26. The stock has a market capitalization of $5.47 billion, a PE ratio of 191.41 and a beta of 1.64.

Insider Buying and Selling at Vornado Realty Trust

In other news, Director Russell B. Wight, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total value of $56,380.00. Following the sale, the director now directly owns 3,034 shares in the company, valued at $85,528.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 8.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Vornado Realty Trust by 3.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,660 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 386 shares during the period. First National Bank Sioux Falls raised its stake in Vornado Realty Trust by 3.3% in the first quarter. First National Bank Sioux Falls now owns 15,311 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 496 shares in the last quarter. Metis Global Partners LLC lifted its holdings in Vornado Realty Trust by 5.3% during the fourth quarter. Metis Global Partners LLC now owns 9,886 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 499 shares during the period. Retirement Systems of Alabama boosted its position in Vornado Realty Trust by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 200,756 shares of the real estate investment trust’s stock valued at $5,776,000 after acquiring an additional 527 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Vornado Realty Trust by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 101,565 shares of the real estate investment trust’s stock valued at $2,921,000 after acquiring an additional 531 shares during the period. 90.02% of the stock is currently owned by institutional investors.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.