Vornado Realty Trust (NYSE:VNO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Vornado Realty Trust (NYSE:VNO) to a sell rating in a research note published on Saturday morning.

VNO has been the subject of several other research reports. Compass Point dropped their price target on shares of 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. BMO Capital Markets dropped their price target on shares of 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. Morgan Stanley raised shares of Vornado Realty Trust from an underweight rating to an equal weight rating and upped their price target for the stock from $24.00 to $26.00 in a research report on Thursday, March 28th. Piper Sandler dropped their price target on shares of Vornado Realty Trust from $25.00 to $22.00 and set an underweight rating for the company in a research report on Monday, May 13th. Finally, Barclays dropped their price target on shares of 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. Six investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, Vornado Realty Trust currently has a consensus rating of Hold and a consensus target price of $24.27.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $29.27 on Friday. Vornado Realty Trust has a 1-year low of $18.36 and a 1-year high of $32.21. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.97 and a quick ratio of 4.97. The firm has a 50 day simple moving average of $25.64 and a 200-day simple moving average of $26.27. The firm has a market cap of $5.58 billion, a PE ratio of 195.35 and a beta of 1.64.

Insider Activity

In other news, Director Russell B. Wight, Jr. sold 2,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $28.19, for a total value of $56,380.00. Following the completion of the transaction, the director now directly owns 3,034 shares in the company, valued at $85,528.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.14% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new position in Vornado Realty Trust during the 3rd quarter valued at $276,000. Vanguard Group Inc. boosted its stake in Vornado Realty Trust by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 24,458,815 shares of the real estate investment trust’s stock valued at $554,726,000 after acquiring an additional 116,504 shares during the last quarter. Rheos Capital Works Inc. boosted its stake in Vornado Realty Trust by 55.1% during the 4th quarter. Rheos Capital Works Inc. now owns 318,000 shares of the real estate investment trust’s stock valued at $8,984,000 after acquiring an additional 113,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Vornado Realty Trust by 30.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 21,416 shares of the real estate investment trust’s stock valued at $605,000 after acquiring an additional 4,986 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Vornado Realty Trust by 78.6% during the 4th quarter. Pacer Advisors Inc. now owns 24,026 shares of the real estate investment trust’s stock valued at $679,000 after acquiring an additional 10,575 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other 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.