Vornado Realty Trust Receives Average Recommendation of “Buy” from Analysts (NYSE:VNO)
Shares of Vornado Realty Trust (NYSE:VNO) have received an average rating of “Buy” from the nine brokerages that are presently covering the stock, AR Network reports. Three investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $106.17.
Shares of Vornado Realty Trust (NYSE:VNO) traded up 0.53% on Tuesday, hitting $105.65. The stock had a trading volume of 78,128 shares. Vornado Realty Trust has a 1-year low of $80.08 and a 1-year high of $109.12. The stock’s 50-day moving average is $106.3 and its 200-day moving average is $102.6. The company has a market cap of $19.827 billion and a price-to-earnings ratio of 128.63.
Vornado Realty Trust (NYSE:VNO) last released its earnings data on Monday, August 4th. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.12 by $0.03. The company had revenue of $666.61 million for the quarter, compared to the consensus estimate of $668.27 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts predict that Vornado Realty Trust will post $4.80 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Vornado Realty Trust from $101.00 to $102.00 in a research note on Thursday, August 21st. They now have a “hold” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Vornado Realty Trust from $106.00 to $112.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock.
Vornado Realty Trust (NYSE:VNO) is an integrated real estate investment trust (REIT).
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