Vornado Realty Trust (VNO) Given a $75.00 Price Target by Sandler O’Neill Analysts

Vornado Realty Trust (NYSE:VNO) has been given a $75.00 price target by stock analysts at Sandler O’Neill in a report released on Wednesday. The firm presently has a “buy” rating on the real estate investment trust’s stock. Sandler O’Neill’s price target would indicate a potential upside of 13.50% from the company’s previous close.

Several other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Barclays reiterated a “hold” rating and issued a $75.00 price objective on shares of Vornado Realty Trust in a report on Wednesday, January 31st. SunTrust Banks upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. They noted that the move was a valuation call. TheStreet upgraded Vornado Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. Finally, JPMorgan Chase & Co. downgraded Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a research note on Friday, December 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $88.09.

Vornado Realty Trust (NYSE:VNO) traded down $1.38 during midday trading on Wednesday, reaching $66.08. The company had a trading volume of 2,126,978 shares, compared to its average volume of 1,347,070. Vornado Realty Trust has a 52 week low of $65.29 and a 52 week high of $89.38. The company has a market cap of $12,842.91, a P/E ratio of 77.51, a price-to-earnings-growth ratio of 4.07 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.26 and a quick ratio of 0.26.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Vornado Realty Trust had a return on equity of 5.05% and a net margin of 9.10%. The company had revenue of $536.23 million during the quarter, compared to the consensus estimate of $532.81 million. During the same period last year, the company earned $3.43 EPS. Vornado Realty Trust’s revenue for the quarter was up 4.3% on a year-over-year basis. equities research analysts anticipate that Vornado Realty Trust will post 3.92 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC purchased a new position in Vornado Realty Trust in the 3rd quarter worth approximately $100,000. Assetmark Inc. lifted its holdings in Vornado Realty Trust by 5,978.3% in the 4th quarter. Assetmark Inc. now owns 1,398 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,375 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Vornado Realty Trust in the 4th quarter worth approximately $134,000. West Oak Capital LLC purchased a new position in Vornado Realty Trust in the 4th quarter worth approximately $138,000. Finally, Huntington National Bank increased its stake in Vornado Realty Trust by 167.3% in the 4th quarter. Huntington National Bank now owns 1,903 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 1,191 shares during the last quarter. 85.51% of the stock is currently owned by institutional investors.

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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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