Vornado Realty Trust (NYSE:VNO) Upgraded to Sell at StockNews.com

StockNews.com upgraded shares of Vornado Realty Trust (NYSE:VNO) to a sell rating in a report issued on Tuesday morning.

A number of other research firms also recently issued reports on VNO. Bank of America boosted their price target on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, August 22nd. The Goldman Sachs Group upped their price target on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research note on Thursday, September 12th. BMO Capital Markets upgraded Vornado Realty Trust from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $29.00 to $40.00 in a research report on Thursday, August 8th. Barclays boosted their price objective on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Finally, Compass Point raised their target price on Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.07.

Vornado Realty Trust Trading Down 2.5 %

Shares of Vornado Realty Trust stock opened at $40.61 on Tuesday. The stock has a 50 day moving average of $40.41 and a 200 day moving average of $32.17. The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of -140.03 and a beta of 1.64. Vornado Realty Trust has a fifty-two week low of $21.16 and a fifty-two week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The business had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. As a group, research analysts predict that Vornado Realty Trust will post 2.15 earnings per share for the current year.

Institutional Investors Weigh In On Vornado Realty Trust

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. raised its stake in Vornado Realty Trust by 331.0% in the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 844 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 661 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vornado Realty Trust during the 2nd quarter worth about $48,000. Quarry LP acquired a new position in Vornado Realty Trust in the third quarter valued at approximately $54,000. Finally, EverSource Wealth Advisors LLC increased its stake in Vornado Realty Trust by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 1,018 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.