Vornado Realty Trust (NYSE:VNO) Price Target Raised to $45.00 at Evercore ISI

Vornado Realty Trust (NYSE:VNO) had its price objective lifted by Evercore ISI from $40.00 to $45.00 in a research report report published on Wednesday, Benzinga reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

A number of other analysts also recently weighed in on the company. Compass Point increased their price target on Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Bank of America raised their target price on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. StockNews.com raised Vornado Realty Trust to a “sell” rating in a research note on Saturday, July 20th. BMO Capital Markets raised shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $29.00 to $40.00 in a research report on Thursday, August 8th. Finally, Truist Financial boosted their target price on shares of Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.07.

Vornado Realty Trust Price Performance

Shares of VNO opened at $43.57 on Wednesday. The business has a 50-day moving average of $39.09 and a 200-day moving average of $31.40. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 5.21. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of -150.24 and a beta of 1.64. Vornado Realty Trust has a 1 year low of $19.63 and a 1 year high of $44.07.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.61). Vornado Realty Trust had a return on equity of 1.69% and a net margin of 0.46%. The firm had revenue of $443.26 million for the quarter, compared to the consensus estimate of $445.07 million. During the same quarter in the previous year, the business posted $0.66 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Vornado Realty Trust will post 2.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of Vornado Realty Trust by 428.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,820,958 shares of the real estate investment trust’s stock worth $111,146,000 after acquiring an additional 2,286,997 shares during the last quarter. Bank of Montreal Can increased its holdings in Vornado Realty Trust by 2,229.1% during the 2nd quarter. Bank of Montreal Can now owns 855,572 shares of the real estate investment trust’s stock worth $22,502,000 after purchasing an additional 818,838 shares in the last quarter. Natixis purchased a new stake in shares of Vornado Realty Trust in the first quarter worth approximately $21,564,000. Duff & Phelps Investment Management Co. lifted its holdings in shares of Vornado Realty Trust by 45.0% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,973,190 shares of the real estate investment trust’s stock valued at $51,875,000 after purchasing an additional 612,765 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Vornado Realty Trust by 324.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 771,864 shares of the real estate investment trust’s stock valued at $20,292,000 after purchasing an additional 590,176 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

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