Vornado Realty Trust (NYSE:VNO) Price Target Cut to $38.00 by Analysts at Piper Sandler

Vornado Realty Trust (NYSE:VNO) had its price target dropped by stock analysts at Piper Sandler from $44.00 to $38.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s target price suggests a potential upside of 14.99% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Mizuho raised shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their target price for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Morgan Stanley raised their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. Barclays upped their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, March 14th. The Goldman Sachs Group upped their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, February 25th. Finally, StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.00.

Vornado Realty Trust Stock Down 5.6 %

Shares of NYSE:VNO traded down $1.97 during trading on Thursday, hitting $33.05. The stock had a trading volume of 213,218 shares, compared to its average volume of 1,680,627. The company has a market capitalization of $6.31 billion, a PE ratio of 827.00, a PEG ratio of 9.69 and a beta of 1.49. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm’s fifty day moving average is $38.81 and its 200 day moving average is $40.80. Vornado Realty Trust has a 12 month low of $22.42 and a 12 month high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Institutional Trading of Vornado Realty Trust

Hedge funds have recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in shares of Vornado Realty Trust during the 4th quarter valued at about $32,000. UMB Bank n.a. boosted its holdings in shares of Vornado Realty Trust by 53.2% in the fourth quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 268 shares during the last quarter. Versant Capital Management Inc grew its position in Vornado Realty Trust by 1,014.0% during the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 872 shares during the period. FIL Ltd purchased a new stake in Vornado Realty Trust during the fourth quarter valued at approximately $49,000. Finally, Assetmark Inc. raised its position in Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.