JPMorgan Chase & Co. Reiterates “Overweight” Rating for Vornado Realty Trust (VNO)
Vornado Realty Trust (NYSE:VNO)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Friday. They currently have a $107.00 price objective on the stock, up from their previous price objective of $105.00. JPMorgan Chase & Co.’s target price points to a potential upside of 1.07% from the stock’s previous close.
Several other analysts have also 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 equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $103.13.
Vornado Realty Trust (NYSE:VNO) traded up 1.00% during mid-day trading on Friday, hitting $106.925. The stock had a trading volume of 145,396 shares. Vornado Realty Trust has a 1-year low of $79.56 and a 1-year high of $109.01. The stock has a 50-day moving average of $105.8 and a 200-day moving average of $97.84. The company has a market cap of $20.039 billion and a P/E ratio of 89.12.
Vornado Realty Trust (NYSE:VNO) last released its earnings data on Monday, May 5th. The company reported $1.20 EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that Vornado Realty Trust will post $4.83 EPS for the current fiscal year.
Vornado Realty Trust (NYSE:VNO) is an integrated real estate investment trust (REIT).
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