Vornado Realty Trust (NYSE:VNO) Stock Price Expected to Rise, Compass Point Analyst Says

Vornado Realty Trust (NYSE:VNO) had its price target raised by Compass Point from $32.00 to $40.00 in a report released on Wednesday,Benzinga reports. Compass Point currently has a neutral rating on the real estate investment trust’s stock.

A number of other analysts have also issued reports on the company. The Goldman Sachs Group lifted their price target on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research note on Thursday, September 12th. Truist Financial lifted their price target on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. StockNews.com raised Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. BMO Capital Markets raised Vornado Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $29.00 to $40.00 in a research note on Thursday, August 8th. Finally, Scotiabank lifted their price target on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.07.

Vornado Realty Trust Price Performance

Shares of VNO opened at $45.76 on Wednesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 5.21. Vornado Realty Trust has a 12 month low of $19.63 and a 12 month high of $45.90. The stock’s 50 day moving average is $39.54 and its two-hundred day moving average is $31.65.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.51 by ($0.61). The business had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. As a group, sell-side analysts expect that Vornado Realty Trust will post 2.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Vornado Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in Vornado Realty Trust by 331.0% in the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 844 shares during the period. Assetmark Inc. raised its holdings in shares of Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Vornado Realty Trust in the 2nd quarter valued at $48,000. EverSource Wealth Advisors LLC grew its stake in Vornado Realty Trust by 61.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,018 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Vornado Realty Trust by 42.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 665 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

About Vornado Realty Trust

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