Vornado Realty Trust Hits New 52-Week High at $107.39 (VNO)
Vornado Realty Trust (NYSE:VNO) hit a new 52-week high during mid-day trading on Friday , American Banking & Market News reports. The company traded as high as $107.39 and last traded at $106.95, with a volume of 238,088 shares changing hands. The stock had previously closed at $106.45.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Vornado Realty Trust from $105.00 to $110.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock. Separately, analysts at ISI Group upgraded shares of Vornado Realty Trust from a “cautious” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $98.00 price target on the stock, up previously from $92.00. Finally, analysts at ISI Group upgraded shares of Vornado Realty Trust to a “neutral” rating in a research note on Monday, May 5th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $102.88.
The stock’s 50-day moving average is $103.1 and its 200-day moving average is $95.47. The company has a market cap of $20.023 billion and a P/E ratio of 89.60.
Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, May 5th. The company reported $1.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.27 by $0.07. The company had revenue of $660.60 million for the quarter, compared to the consensus estimate of $670.58 million. During the same quarter last year, the company posted $1.08 earnings per share. Vornado Realty Trust’s revenue was down 8.1% compared to the same quarter last year. On average, analysts predict that Vornado Realty Trust will post $4.75 earnings per share for the current fiscal year.
In other Vornado Realty Trust news, EVP Robert Minutoli purchased 1,000 shares of Vornado Realty Trust stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average price of $105.11 per share, for a total transaction of $105,110.00. Following the purchase, the executive vice president now directly owns 5,035 shares in the company, valued at approximately $529,229. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Vornado Realty Trust (NYSE:VNO) is an integrated real estate investment trust (REIT).
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