Vornado Realty Trust (NYSE:VNO) Lifted to Sell at StockNews.com

StockNews.com upgraded shares of Vornado Realty Trust (NYSE:VNO) to a sell rating in a report issued on Thursday.

Several other equities analysts have also issued reports on the company. Compass Point lowered their price target on Vornado Realty Trust from $28.00 to $27.00 and set a neutral rating for the company in a research report on Wednesday, May 8th. Barclays decreased their target price on Vornado Realty Trust from $22.00 to $21.00 and set an underweight rating for the company in a research report on Friday, May 24th. Morgan Stanley raised Vornado Realty Trust from an underweight rating to an equal weight rating and boosted their target price for the stock from $24.00 to $26.00 in a research report on Thursday, March 28th. Scotiabank decreased their target price on Vornado Realty Trust from $24.00 to $23.00 and set a sector perform rating for the company in a research report on Thursday, May 16th. Finally, BMO Capital Markets decreased their target price on Vornado Realty Trust from $31.00 to $29.00 and set a market perform rating for the company in a research report on Wednesday, June 12th. Six equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Vornado Realty Trust currently has a consensus rating of Hold and a consensus price target of $24.27.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $26.29 on Thursday. Vornado Realty Trust has a 12 month low of $16.50 and a 12 month high of $32.21. The stock has a market cap of $5.01 billion, a PE ratio of 175.28 and a beta of 1.59. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 1.81. The company’s fifty day moving average price is $25.04 and its 200-day moving average price is $26.46.

Institutional Trading of Vornado Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of VNO. Envestnet Asset Management Inc. increased its stake in Vornado Realty Trust by 35.4% in the third quarter. Envestnet Asset Management Inc. now owns 426,691 shares of the real estate investment trust’s stock worth $9,677,000 after purchasing an additional 111,509 shares during the period. Mariner LLC increased its stake in Vornado Realty Trust by 10.1% in the third quarter. Mariner LLC now owns 45,259 shares of the real estate investment trust’s stock worth $1,026,000 after purchasing an additional 4,144 shares during the period. Algert Global LLC purchased a new stake in Vornado Realty Trust in the third quarter worth $519,000. Natixis Advisors L.P. increased its stake in Vornado Realty Trust by 15.4% in the third quarter. Natixis Advisors L.P. now owns 16,834 shares of the real estate investment trust’s stock worth $382,000 after purchasing an additional 2,251 shares during the period. Finally, Corton Capital Inc. grew its position in shares of Vornado Realty Trust by 34.2% during the 3rd quarter. Corton Capital Inc. now owns 22,622 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 5,770 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

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.