Vornado Realty Trust Hits New 52-Week High at $91.98 (VNO)
Shares of Vornado Realty Trust (NYSE:VNO) hit a new 52-week high during mid-day trading on Friday, Stock Ratings Network reports. The stock traded as high as $91.98 and last traded at $91.79, with a volume of 716,679 shares trading hands. The stock had previously closed at $90.45.
VNO has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Vornado Realty Trust from $93.00 to $100.00 in a research note to investors on Thursday, January 2nd. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $96.71.
Vornado Realty Trust has a one year low of $76.19 and a one year high of $91.98. The stock has a 50-day moving average of $89.22 and a 200-day moving average of $86.59. The company has a market cap of $17.152 billion and a price-to-earnings ratio of 32.40.
Vornado Realty Trust (NYSE:VNO) last released its earnings data on Tuesday, November 5th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts predict that Vornado Realty Trust will post $4.55 earnings per share for the current fiscal year.
Vornado Realty Trust (NYSE:VNO) is an integrated real estate investment trust (REIT).
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