Truist Financial Raises Vornado Realty Trust (NYSE:VNO) Price Target to $40.00

Vornado Realty Trust (NYSE:VNO) had its price objective upped by equities research analysts at Truist Financial from $31.00 to $40.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target points to a potential downside of 7.81% from the company’s previous close.

Several other research firms have also recently commented on VNO. BMO Capital Markets upgraded shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $29.00 to $40.00 in a report on Thursday, August 8th. Piper Sandler reiterated a “neutral” rating and set a $44.00 target price (up previously from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Barclays raised their price target on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. 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 research report on Friday, October 25th. Finally, StockNews.com raised Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.58.

Vornado Realty Trust Trading Down 0.9 %

NYSE:VNO opened at $43.39 on Wednesday. Vornado Realty Trust has a 12-month low of $22.42 and a 12-month high of $46.63. The firm has a market cap of $8.27 billion, a PE ratio of -149.62 and a beta of 1.63. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.93. The stock has a fifty day moving average price of $41.90 and a 200 day moving average price of $33.86.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The company had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. During the same period in the prior year, the business earned $0.66 EPS. Vornado Realty Trust’s revenue for the quarter was down 1.7% on a year-over-year basis. Sell-side analysts anticipate that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vornado Realty Trust

Several large investors have recently modified their holdings of VNO. Blue Trust Inc. raised its position in 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 third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Vornado Realty Trust in the second quarter valued at about $48,000. Quarry LP acquired a new stake in shares of Vornado Realty Trust during the third quarter worth about $54,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Vornado Realty Trust by 42.5% during the third quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 665 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

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