Compass Point Forecasts Strong Price Appreciation for Vornado Realty Trust (NYSE:VNO) Stock

Vornado Realty Trust (NYSE:VNO) had its target price raised by Compass Point from $40.00 to $44.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Compass Point’s price objective points to a potential upside of 5.24% from the stock’s previous close.

VNO has been the subject of several other research reports. Piper Sandler restated a “neutral” rating and issued a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Truist Financial lifted their price objective on Vornado Realty Trust from $31.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Barclays increased their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Mizuho upgraded Vornado Realty Trust from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Finally, Scotiabank upped their price objective on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Vornado Realty Trust has a consensus rating of “Hold” and a consensus price target of $37.98.

Vornado Realty Trust Trading Down 0.8 %

Shares of Vornado Realty Trust stock opened at $41.81 on Wednesday. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The company has a market capitalization of $7.97 billion, a P/E ratio of -144.18 and a beta of 1.62. The company’s fifty day moving average is $42.13 and its two-hundred day moving average is $39.46. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. Analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Hedge Funds Weigh In On Vornado Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VNO. Norges Bank purchased a new position in shares of Vornado Realty Trust during the 4th quarter worth approximately $729,073,000. Principal Financial Group Inc. lifted its stake in Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock valued at $268,912,000 after buying an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Vornado Realty Trust by 232.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock valued at $139,045,000 after buying an additional 2,468,652 shares during the last quarter. Bamco Inc. NY purchased a new position in Vornado Realty Trust during the third quarter worth $75,347,000. Finally, Invesco Ltd. raised its holdings in shares of Vornado Realty Trust by 111.3% in the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust’s stock worth $131,833,000 after acquiring an additional 1,651,819 shares during 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.