Vornado Realty Trust Given New $100.00 Price Target at Stifel Nicolaus (VNO)
Equities researchers at Stifel Nicolaus lifted their target price on shares of Vornado Realty Trust (NYSE:VNO) from $93.00 to $100.00 in a research report issued on Thursday, ARN reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 12.63% from the company’s current price.
Vornado Realty Trust (NYSE:VNO) opened at 88.79 on Thursday. Vornado Realty Trust has a 52-week low of $76.19 and a 52-week high of $91.91. The stock has a 50-day moving average of $89.05 and a 200-day moving average of $86.14. The company has a market cap of $16.608 billion and a price-to-earnings ratio of 32.15.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.10 by $0.02. The company had revenue of $683.40 million for the quarter, compared to the consensus estimate of $665.71 million. During the same quarter last year, the company posted $1.14 earnings per share. Vornado Realty Trust’s revenue was down 2.8% compared to the same quarter last year. Analysts expect that Vornado Realty Trust will post $4.55 EPS for the current fiscal year.
VNO has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Vornado Realty Trust in a research note to investors on Friday, December 27th. They now have a $94.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Vornado Realty Trust from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 17th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Vornado Realty Trust in a research note to investors on Thursday, November 21st. They now have a $100.00 price target on the stock, up previously from $91.00. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Vornado Realty Trust presently has an average rating of “Buy” and an average price target of $95.13.
Vornado Realty Trust (NYSE:VNO) is an integrated real estate investment trust (REIT).
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