Vornado Realty Trust (NYSE:VNO) Price Target Raised to $39.00

by · The Markets Daily

Vornado Realty Trust (NYSE:VNO – Free Report) had its price target increased by JPMorgan Chase & Co. from $37.00 to $39.00 in a research report report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the stock. Mizuho raised their price target on shares of Vornado Realty Trust from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Piper Sandler increased their target price on shares of Vornado Realty Trust from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. BMO Capital Markets raised their target price on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. LADENBURG THALM/SH SH lifted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Truist Financial lifted their price target on shares of Vornado Realty Trust from $28.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.91.

View Our Latest Analysis on Vornado Realty Trust

Vornado Realty Trust Stock Performance

VNO opened at $34.81 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 5.24 and a quick ratio of 5.24. The business has a fifty day simple moving average of $38.26 and a 200 day simple moving average of $33.87. Vornado Realty Trust has a 1 year low of $24.57 and a 1 year high of $42.26. The company has a market capitalization of $6.50 billion, a PE ratio of 1,741.47, a price-to-earnings-growth ratio of 1.58 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.49). The firm had revenue of $462.24 million for the quarter, compared to the consensus estimate of $454.46 million. Vornado Realty Trust had a return on equity of 1.37% and a net margin of 3.71%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. Research analysts expect that Vornado Realty Trust will post 2.39 EPS for the current year.

Institutional Trading of Vornado Realty Trust

Large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its position in Vornado Realty Trust by 35.5% during the second quarter. Sequoia Financial Advisors LLC now owns 14,064 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 3,688 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Vornado Realty Trust by 33.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 30,485 shares of the real estate investment trust’s stock valued at $1,198,000 after purchasing an additional 7,643 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Vornado Realty Trust in the 2nd quarter valued at $222,000. Squarepoint Ops LLC increased its stake in shares of Vornado Realty Trust by 65.9% in the 2nd quarter. Squarepoint Ops LLC now owns 133,928 shares of the real estate investment trust’s stock valued at $5,263,000 after purchasing an additional 53,208 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Vornado Realty Trust by 272.7% during the 2nd quarter. Allworth Financial LP now owns 6,478 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 4,740 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

(Get Free Report)

Vornado Realty Trust is a publicly traded real estate investment trust that owns, manages and develops office, retail and mixed-use properties. The company’s portfolio is concentrated in New York City, particularly in Manhattan, where it operates prominent office buildings and retail destinations in major commercial districts.

Vornado’s activities include leasing office space to businesses, operating retail properties, managing building services and pursuing redevelopment opportunities.

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