Vornado Realty Trust (VNO) Given Average Recommendation of “Hold” by Brokerages
Shares of Vornado Realty Trust (NYSE:VNO) have received an average rating of “Hold” from the twelve analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $100.63.
Several equities analysts recently commented on VNO shares. Bank of America Corporation reissued a “buy” rating and issued a $113.00 price objective (up previously from $112.00) on shares of Vornado Realty Trust in a research note on Thursday, June 22nd. Evercore ISI restated an “in-line” rating and issued a $107.00 price target (down from $111.00) on shares of Vornado Realty Trust in a research report on Thursday, May 4th. Barclays PLC upped their price target on shares of Vornado Realty Trust from $101.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 28th. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Deutsche Bank AG decreased their price target on shares of Vornado Realty Trust from $105.00 to $103.00 and set a “hold” rating for the company in a research report on Thursday, May 25th.
Vornado Realty Trust (NYSE:VNO) traded up 0.06% during mid-day trading on Monday, reaching $78.74. 280,453 shares of the company’s stock were exchanged. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 15.21 and a beta of 0.96. Vornado Realty Trust has a 12 month low of $77.26 and a 12 month high of $111.72. The stock has a 50-day moving average of $76.18 and a 200-day moving average of $81.05.
Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.64. The business had revenue of $620.85 million during the quarter, compared to the consensus estimate of $642 million. Vornado Realty Trust had a net margin of 42.35% and a return on equity of 6.84%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.61) EPS. Analysts anticipate that Vornado Realty Trust will post $1.19 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its stake in Vornado Realty Trust by 1.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 793,736 shares of the real estate investment trust’s stock valued at $82,843,000 after buying an additional 12,028 shares during the period. Kentucky Retirement Systems purchased a new stake in Vornado Realty Trust during the fourth quarter valued at $1,303,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Vornado Realty Trust during the fourth quarter valued at $581,000. Macquarie Group Ltd. boosted its stake in Vornado Realty Trust by 18.7% in the fourth quarter. Macquarie Group Ltd. now owns 501,366 shares of the real estate investment trust’s stock valued at $52,327,000 after buying an additional 78,962 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Vornado Realty Trust by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 149,219 shares of the real estate investment trust’s stock valued at $14,968,000 after buying an additional 4,686 shares during the period. Institutional investors own 87.57% of the company’s stock.
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.
Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.