BMO Capital Markets Reaffirms “Buy” Rating for Vornado Realty Trust (VNO)
Vornado Realty Trust (NYSE:VNO)‘s stock had its “buy” rating restated by investment analysts at BMO Capital Markets in a report issued on Monday.
Several other research firms have also weighed in on VNO. SunTrust Banks reaffirmed a “buy” rating and set a $85.00 target price on shares of Vornado Realty Trust in a report on Thursday, August 16th. ValuEngine raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Deutsche Bank cut their target price on shares of Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, June 26th. Argus lifted their target price on shares of Vornado Realty Trust from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, July 3rd. Finally, Zacks Investment Research raised shares of Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Monday, October 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $79.78.
VNO opened at $67.46 on Monday. Vornado Realty Trust has a 12-month low of $64.13 and a 12-month high of $80.30. The company has a quick ratio of 5.62, a current ratio of 5.62 and a debt-to-equity ratio of 2.41. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 8.75 and a beta of 0.91.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new stake in Vornado Realty Trust in the 2nd quarter worth $122,000. Federated Investors Inc. PA increased its holdings in Vornado Realty Trust by 5,125.0% in the 2nd quarter. Federated Investors Inc. PA now owns 2,090 shares of the real estate investment trust’s stock worth $154,000 after acquiring an additional 2,050 shares in the last quarter. KAMES CAPITAL plc purchased a new stake in Vornado Realty Trust in the 3rd quarter worth $186,000. Linscomb & Williams Inc. acquired a new stake in Vornado Realty Trust during the 2nd quarter worth $211,000. Finally, Quantum Capital Management acquired a new stake in Vornado Realty Trust during the 2nd quarter worth $213,000. 79.08% of the stock is owned by institutional investors.
Vornado Realty Trust Company Profile
Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.
Read More: Intrinsic Value and Stock Selection
Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.