Vornado Realty Trust (NYSE:VNO) Rating Increased to Sell at StockNews.com

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

VNO has been the topic of a number of other reports. Compass Point raised their price target on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Truist Financial boosted their target price on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. BMO Capital Markets raised shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $29.00 to $40.00 in a report on Thursday, August 8th. The Goldman Sachs Group boosted their price objective on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research report on Thursday, September 12th. Finally, Evercore ISI increased their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.07.

Vornado Realty Trust Stock Down 1.0 %

Shares of NYSE VNO opened at $41.65 on Tuesday. The stock has a market cap of $7.94 billion, a P/E ratio of -143.62 and a beta of 1.64. The business’s fifty day simple moving average is $40.11 and its 200-day simple moving average is $32.01. Vornado Realty Trust has a 12-month low of $21.16 and a 12-month high of $46.63. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) EPS 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 firm had revenue of $443.26 million for the quarter, compared to analyst estimates of $445.07 million. During the same quarter last year, the firm earned $0.66 EPS. The company’s revenue was down 1.7% on a year-over-year basis. As a group, equities analysts predict that Vornado Realty Trust will post 2.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Vornado Realty Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in shares of Vornado Realty Trust by 331.0% in the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 844 shares during the last quarter. Assetmark Inc. increased its stake in Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Vornado Realty Trust during the 2nd quarter worth $48,000. EverSource Wealth Advisors LLC lifted its stake in shares of Vornado Realty Trust by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock worth $77,000 after acquiring an additional 1,018 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Vornado Realty Trust by 42.5% in the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 665 shares in the last quarter. Institutional investors and hedge funds 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.