Vornado Realty Trust (NYSE:VNO) Stock Price Expected to Rise, Compass Point Analyst Says

Vornado Realty Trust (NYSE:VNO) had its price objective hoisted by equities research analysts at Compass Point from $32.00 to $40.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Compass Point’s price objective points to a potential downside of 10.65% from the stock’s current price.

VNO has been the subject of several other reports. BMO Capital Markets raised shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $29.00 to $40.00 in a research note on Thursday, August 8th. Truist Financial raised their target price on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a research report on Saturday, July 20th. Barclays raised their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Finally, Evercore ISI lifted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.07.

Vornado Realty Trust Stock Up 2.8 %

Shares of NYSE VNO opened at $44.77 on Wednesday. The company has a quick ratio of 5.21, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 1-year low of $19.63 and a 1-year high of $44.88. The company has a fifty day moving average price of $39.31 and a 200 day moving average price of $31.49.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly 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 firm had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. As a group, equities analysts expect that Vornado Realty Trust will post 2.16 EPS for the current year.

Institutional Trading of Vornado Realty Trust

A number of hedge funds have recently made changes to their positions in the business. Sei Investments Co. lifted its holdings in Vornado Realty Trust by 5.7% during the 1st quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust’s stock valued at $13,501,000 after purchasing an additional 25,374 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of 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 last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Vornado Realty Trust during the 1st quarter worth about $12,824,000. Bank of Montreal Can grew its stake in Vornado Realty Trust by 2,229.1% in the 2nd 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 last quarter. Finally, Hsbc Holdings PLC raised its holdings in Vornado Realty Trust by 33.3% in the 2nd quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust’s stock valued at $12,553,000 after acquiring an additional 120,902 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

About Vornado Realty Trust

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