Vornado Realty Trust (NYSE:VNO) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Marketbeat Ratings reports. They currently have a $77.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $86.00. Stifel Nicolaus’ target price would indicate a potential upside of 3.69% from the stock’s current price.

VNO has been the subject of several other research reports. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday. TheStreet lowered shares of Vornado Realty Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, June 20th. Barclays PLC lowered their price objective on shares of Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Evercore ISI raised shares of Vornado Realty Trust from an “in-line” rating to an “outperform” rating and set a $106.00 price target for the company in a research report on Monday, July 10th. Finally, Argus raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $96.60.

Shares of Vornado Realty Trust (VNO) traded up 0.13% during mid-day trading on Wednesday, reaching $74.26. 1,008,478 shares of the company were exchanged. The firm has a 50-day moving average price of $77.18 and a 200 day moving average price of $79.53. Vornado Realty Trust has a 12 month low of $73.02 and a 12 month high of $111.72. The stock has a market capitalization of $14.07 billion, a P/E ratio of 16.04 and a beta of 0.97.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. The company had revenue of $626.04 million during the quarter, compared to analyst estimates of $633.19 million. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. Vornado Realty Trust’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 EPS. Equities research analysts anticipate that Vornado Realty Trust will post $1.12 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. increased its position in Vornado Realty Trust by 62.1% in the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 419 shares in the last quarter. Sun Life Financial INC increased its position in Vornado Realty Trust by 13,866.7% in the second quarter. Sun Life Financial INC now owns 1,257 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 1,248 shares in the last quarter. Harvest Fund Management Co. Ltd increased its position in Vornado Realty Trust by 62.5% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 500 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in Vornado Realty Trust during the first quarter worth about $139,000. Finally, Advisors Asset Management Inc. increased its position in Vornado Realty Trust by 98.9% in the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 741 shares in the last quarter. 86.07% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Company Profile

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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