Vornado Realty Trust (NYSE:VNO) Now Covered by Analysts at Barclays

Barclays began coverage on shares of Vornado Realty Trust (NYSE:VNO) in a report released on Wednesday morning, MarketBeat Ratings reports. The firm issued an underweight rating and a $22.00 target price on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on the company. Piper Sandler lifted their price target on Vornado Realty Trust from $16.00 to $25.00 and gave the company an underweight rating in a report on Wednesday, December 20th. TheStreet upgraded Vornado Realty Trust from a d+ rating to a c- rating in a report on Thursday, December 28th. Citigroup lifted their price target on Vornado Realty Trust from $12.00 to $18.00 and gave the company a sell rating in a report on Tuesday, November 28th. Truist Financial lifted their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the company a hold rating in a report on Wednesday, December 20th. Finally, Evercore ISI reduced their price target on Vornado Realty Trust from $28.00 to $26.00 and set an underperform rating for the company in a report on Thursday, February 15th. Seven investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Reduce and a consensus target price of $23.50.

Vornado Realty Trust Trading Up 4.0 %

Shares of NYSE VNO opened at $27.48 on Wednesday. Vornado Realty Trust has a one year low of $12.31 and a one year high of $32.21. The firm has a market capitalization of $5.23 billion, a PE ratio of 119.48 and a beta of 1.56. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.82. The business has a 50-day moving average price of $26.45 and a two-hundred day moving average price of $25.08.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). Vornado Realty Trust had a return on equity of 3.22% and a net margin of 5.82%. The business had revenue of $441.89 million for the quarter, compared to analyst estimates of $453.82 million. During the same quarter in the previous year, the business posted $0.72 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. As a group, analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VNO. Contravisory Investment Management Inc. bought a new position in Vornado Realty Trust in the 4th quarter worth approximately $26,000. Financial Gravity Asset Management Inc. increased its position in Vornado Realty Trust by 8,355.6% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 1,522 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,504 shares during the period. Global Retirement Partners LLC increased its position in Vornado Realty Trust by 49.8% in the 3rd quarter. Global Retirement Partners LLC now owns 1,672 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 556 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Vornado Realty Trust in the 4th quarter worth approximately $40,000. Finally, Selway Asset Management bought a new position in Vornado Realty Trust in the 3rd quarter worth approximately $45,000. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.