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.
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.
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