Vornado Realty Trust Given Average Rating of “Buy” by Analysts (NYSE:VNO)
Shares of Vornado Realty Trust (NYSE:VNO) have received an average rating of “Buy” from the nine ratings firms that are covering the stock, Stock Ratings Network.com reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $106.17.
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.
Shares of Vornado Realty Trust (NYSE:VNO) opened at 105.87 on Tuesday. Vornado Realty Trust has a 52-week low of $80.08 and a 52-week high of $109.12. The stock has a 50-day moving average of $106.2 and a 200-day moving average of $102.9. The company has a market cap of $19.868 billion and a P/E ratio of 129.03.
Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the 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.
Vornado Realty Trust (NYSE:VNO) is an integrated real estate investment trust (REIT).
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