Vornado Realty Trust (NYSE:VNO) reached a new 52-week high during trading on Friday . The company traded as high as $103.66 and last traded at $103.65, with a volume of 307,599 shares changing hands. The stock had previously closed at $101.92.

Several brokerages have commented on VNO. Barclays PLC restated an “equal weight” rating and issued a $103.00 price objective on shares of Vornado Realty Trust in a report on Thursday, June 23rd. Credit Suisse Group AG upgraded shares of Vornado Realty Trust from a “neutral” rating to an “outperform” rating and set a $108.00 price objective for the company in a report on Tuesday, April 12th. Vetr lowered shares of Vornado Realty Trust from a “strong-buy” rating to a “buy” rating and set a $108.00 price objective for the company. in a report on Wednesday, June 8th. Evercore ISI upgraded shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $106.00 to $108.00 in a report on Monday, May 16th. Finally, Zacks Investment Research upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $105.50.

The company’s 50 day moving average is $98.42 and its 200 day moving average is $93.65. The stock has a market cap of $19.63 billion and a P/E ratio of 41.00.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by $0.14. The business had revenue of $613.04 million for the quarter. Vornado Realty Trust’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.16 earnings per share. On average, analysts predict that Vornado Realty Trust will post $4.97 earnings per share for the current fiscal year.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Tredje AP fonden raised its position in Vornado Realty Trust by 2.4% in the fourth quarter. Tredje AP fonden now owns 10,101 shares of the real estate investment trust’s stock valued at $1,010,000 after buying an additional 240 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Vornado Realty Trust by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,423 shares of the real estate investment trust’s stock valued at $1,042,000 after buying an additional 173 shares during the last quarter. Eaton Vance Management raised its position in Vornado Realty Trust by 37.2% in the fourth quarter. Eaton Vance Management now owns 13,650 shares of the real estate investment trust’s stock valued at $1,364,000 after buying an additional 3,700 shares during the last quarter. BP PLC purchased a new position in Vornado Realty Trust during the fourth quarter valued at approximately $1,899,000. Finally, Stephens Inc. AR raised its position in Vornado Realty Trust by 12.2% in the fourth quarter. Stephens Inc. AR now owns 21,576 shares of the real estate investment trust’s stock valued at $2,157,000 after buying an additional 2,351 shares during the last quarter.

Vornado Realty Trust is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). It is the sole general partner of, and owns common limited partnership interest in the Operating Partnership.

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