Compass Point Forecasts Strong Price Appreciation for Vornado Realty Trust (NYSE:VNO) Stock

Vornado Realty Trust (NYSE:VNO) had its price target boosted by Compass Point from $32.00 to $40.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Compass Point’s target price indicates a potential downside of 10.65% from the company’s current price.

A number of other equities research analysts also recently issued reports on VNO. Bank of America increased their price target on Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Truist Financial increased their target price on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $44.00 price target (up previously from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. The Goldman Sachs Group upped their price objective on shares of Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research report on Thursday, September 12th. Finally, StockNews.com raised shares of Vornado Realty Trust to a “sell” rating in a report on Saturday, July 20th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $34.07.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock opened at $44.77 on Wednesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 5.21. The firm has a 50-day moving average of $39.31 and a 200-day moving average of $31.49. Vornado Realty Trust has a 52-week low of $19.63 and a 52-week high of $44.88.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The business had revenue of $443.26 million during the quarter, compared to the consensus estimate of $445.07 million. During the same period in the prior year, the firm earned $0.66 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities analysts forecast that Vornado Realty Trust will post 2.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vornado Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its stake in shares of Vornado Realty Trust by 5.7% during the first quarter. Sei Investments Co. now owns 469,262 shares of the real estate investment trust’s stock worth $13,501,000 after buying an additional 25,374 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Vornado Realty Trust by 7.9% during the 1st quarter. National Bank of Canada FI now owns 917,100 shares of the real estate investment trust’s stock valued at $26,385,000 after acquiring an additional 67,100 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Vornado Realty Trust during the 1st quarter worth $12,824,000. Bank of Montreal Can increased its holdings in Vornado Realty Trust by 2,229.1% in 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. Finally, Hsbc Holdings PLC raised its position in Vornado Realty Trust by 33.3% in the second quarter. Hsbc Holdings PLC now owns 483,598 shares of the real estate investment trust’s stock valued at $12,553,000 after purchasing an additional 120,902 shares during 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.