Vornado Realty Trust (NYSE:VNO) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Vornado Realty Trust (NYSE:VNO) had its price target increased by equities researchers at The Goldman Sachs Group from $27.00 to $30.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “sell” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 25.47% from the company’s current price.

Several other equities research analysts also recently weighed in on VNO. Compass Point increased their target price on shares of Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $38.00 to $48.00 in a report on Tuesday, January 7th. Truist Financial increased their price target on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Barclays increased their price target on shares of Vornado Realty Trust from $27.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Finally, StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $38.55.

Vornado Realty Trust Price Performance

Shares of VNO opened at $40.25 on Tuesday. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 1,006.25, a price-to-earnings-growth ratio of 9.69 and a beta of 1.62. The firm has a 50-day simple moving average of $41.41 and a 200-day simple moving average of $40.22. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. On average, equities research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VNO. Creative Planning increased its holdings in Vornado Realty Trust by 16.5% in the third quarter. Creative Planning now owns 30,971 shares of the real estate investment trust’s stock valued at $1,220,000 after buying an additional 4,389 shares in the last quarter. Blue Trust Inc. grew its position in shares of Vornado Realty Trust by 331.0% in the third 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. Raymond James & Associates grew its position in shares of Vornado Realty Trust by 38.5% in the third quarter. Raymond James & Associates now owns 196,307 shares of the real estate investment trust’s stock valued at $7,735,000 after purchasing an additional 54,539 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of Vornado Realty Trust in the third quarter valued at approximately $268,000. Finally, Louisiana State Employees Retirement System grew its position in shares of Vornado Realty Trust by 1.3% in the third quarter. Louisiana State Employees Retirement System now owns 45,900 shares of the real estate investment trust’s stock valued at $1,808,000 after purchasing an additional 600 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

About Vornado Realty Trust

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