Vornado Realty Trust (NYSE:VNO)‘s stock had its “equal weight” rating reiterated by equities research analysts at Morgan Stanley in a research note issued on Saturday. They presently have a $81.00 price target on the real estate investment trust’s stock. Morgan Stanley’s price target would suggest a potential upside of 2.94% from the stock’s current price.

VNO has been the topic of a number of other reports. Evercore ISI reaffirmed an “in-line” rating and set a $107.00 price objective (down from $111.00) on shares of Vornado Realty Trust in a research report on Thursday, May 4th. BidaskClub raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Bank of America Corporation reaffirmed a “buy” rating and set a $113.00 price objective (up from $112.00) on shares of Vornado Realty Trust in a research report on Thursday, June 22nd. Zacks Investment Research cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Citigroup Inc. lowered their price objective on Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Vornado Realty Trust has an average rating of “Hold” and a consensus price target of $100.63.

Shares of Vornado Realty Trust (NYSE:VNO) traded down 0.64% during midday trading on Friday, hitting $78.69. The stock had a trading volume of 1,078,221 shares. Vornado Realty Trust has a 12 month low of $69.81 and a 12 month high of $90.32. The firm has a market cap of $14.90 billion, a price-to-earnings ratio of 15.20 and a beta of 0.96. The stock’s 50 day moving average price is $76.18 and its 200 day moving average price is $81.05.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.64. Vornado Realty Trust had a return on equity of 6.84% and a net margin of 42.35%. The firm had revenue of $620.85 million for the quarter, compared to analysts’ expectations of $642 million. During the same period in the previous year, the firm earned ($0.61) EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Vornado Realty Trust will post $1.19 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Vornado Realty Trust by 2,605.3% in the first quarter. BlackRock Inc. now owns 15,932,961 shares of the real estate investment trust’s stock valued at $1,598,235,000 after buying an additional 15,344,015 shares in the last quarter. Norges Bank bought a new position in Vornado Realty Trust during the fourth quarter valued at $447,470,000. Agran Libbie increased its position in Vornado Realty Trust by 9,134.3% in the fourth quarter. Agran Libbie now owns 2,912,487 shares of the real estate investment trust’s stock valued at $2,911,000 after buying an additional 2,880,947 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Vornado Realty Trust during the fourth quarter valued at $144,917,000. Finally, Emerald Acquisition Ltd. bought a new position in Vornado Realty Trust during the second quarter valued at $121,634,000. 87.55% of the stock is currently owned by hedge funds and other institutional investors.

About Vornado Realty Trust

Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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