Vornado Realty Trust Downgraded to In-Line at Imperial Capital (VNO)
Vornado Realty Trust (NYSE:VNO) was downgraded by investment analysts at Imperial Capital from an “outperform” rating to an “in-line” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $96.00 price objective on the stock. Imperial Capital’s price objective would suggest a potential upside of 1.40% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Vornado Realty Trust in a research note on Wednesday, February 5th. They now have a $96.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. Finally, analysts at ISI Group downgraded shares of Vornado Realty Trust to a “neutral” rating in a research note on Monday, January 27th. They now have a $82.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $95.13.
Vornado Realty Trust (NYSE:VNO) traded down 0.04% on Wednesday, hitting $94.63. 1,050,057 shares of the company’s stock traded hands. Vornado Realty Trust has a 52-week low of $76.19 and a 52-week high of $96.98. The stock has a 50-day moving average of $92.7 and a 200-day moving average of $88.31. The company has a market cap of $17.700 billion and a P/E ratio of 33.91.
Vornado Realty Trust (NYSE:VNO) last released its earnings data on Monday, February 24th. The company reported ($0.37) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.66. The company had revenue of $673.31 million for the quarter, compared to the consensus estimate of $665.70 million. Analysts expect that Vornado Realty Trust will post $4.74 EPS for the current fiscal year.
Vornado Realty Trust (NYSE:VNO) is an integrated real estate investment trust (REIT).
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