Shares of Vornado Realty Trust (NYSE:VNO) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $79.13.

Several research firms have recently issued reports on VNO. SunTrust Banks reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Vornado Realty Trust in a research note on Thursday, August 16th. ValuEngine raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Deutsche Bank lowered their price objective on Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating for the company in a research note on Tuesday, June 26th. Argus upped their price objective on Vornado Realty Trust from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, July 3rd. Finally, Zacks Investment Research raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Monday, October 1st.

Shares of Vornado Realty Trust stock traded down $0.10 on Wednesday, hitting $68.52. The stock had a trading volume of 12,983 shares, compared to its average volume of 1,017,670. Vornado Realty Trust has a twelve month low of $64.13 and a twelve month high of $79.56. The company has a debt-to-equity ratio of 2.41, a current ratio of 5.62 and a quick ratio of 5.62. The company has a market capitalization of $13.89 billion, a P/E ratio of 18.28, a P/E/G ratio of 8.75 and a beta of 0.91.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). Vornado Realty Trust had a net margin of 6.91% and a return on equity of 5.16%. The firm had revenue of $541.80 million during the quarter, compared to analyst estimates of $539.78 million. During the same period in the prior year, the company earned $1.25 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that Vornado Realty Trust will post 3.88 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in VNO. Point72 Hong Kong Ltd bought a new position in shares of Vornado Realty Trust during the 2nd quarter worth approximately $122,000. Federated Investors Inc. PA boosted its holdings in shares of Vornado Realty Trust by 5,125.0% during the 2nd quarter. Federated Investors Inc. PA now owns 2,090 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 2,050 shares in the last quarter. KAMES CAPITAL plc bought a new position in shares of Vornado Realty Trust during the 3rd quarter worth approximately $186,000. Linscomb & Williams Inc. bought a new position in shares of Vornado Realty Trust during the 2nd quarter worth approximately $211,000. Finally, Quantum Capital Management bought a new position in shares of Vornado Realty Trust during the 2nd quarter worth approximately $213,000. 79.08% of the stock is owned by institutional investors and hedge funds.

About Vornado Realty Trust

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.

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Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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