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

VNO has been the topic of a number of research reports. Barclays PLC reiterated an “equal weight” rating and set a $103.00 price target on shares of Vornado Realty Trust in a research report on Thursday, June 23rd. Credit Suisse Group AG raised 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 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. Zacks Investment Research raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Evercore ISI raised Vornado Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $106.00 to $108.00 in a report on Monday, May 16th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Vornado Realty Trust has a consensus rating of “Hold” and a consensus target price of $105.50.

The stock has a market capitalization of $19.60 billion and a PE ratio of 40.94. The stock’s 50-day moving average price is $98.63 and its 200 day moving average price is $93.69.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, May 2nd. The real estate investment trust reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by $0.14. The company earned $613.04 million during the quarter. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 EPS. On average, equities research analysts predict that Vornado Realty Trust will post $4.97 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in VNO. Tredje AP fonden increased its stake 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 worth $1,010,000 after buying an additional 240 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake 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 worth $1,042,000 after buying an additional 173 shares during the period. Eaton Vance Management increased its stake 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 worth $1,364,000 after buying an additional 3,700 shares during the period. BP PLC purchased a new stake in Vornado Realty Trust during the fourth quarter worth $1,899,000. Finally, Stephens Inc. AR increased its stake 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 worth $2,157,000 after buying an additional 2,351 shares during the period.

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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