Morgan Stanley Issues Positive Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price objective raised by analysts at Morgan Stanley from $26.00 to $28.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target suggests a potential downside of 23.32% from the company’s current price.

Several other research firms also recently commented on VNO. Truist Financial boosted their target price on Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Compass Point boosted their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group increased their price target on Vornado Realty Trust from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, February 25th. StockNews.com raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Mizuho raised Vornado Realty Trust from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $38.00 to $48.00 in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.73.

Vornado Realty Trust Stock Up 3.2 %

Shares of Vornado Realty Trust stock traded up $1.12 on Friday, hitting $36.52. The company had a trading volume of 306,286 shares, compared to its average volume of 1,644,721. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 915.13, a P/E/G ratio of 9.69 and a beta of 1.60. The stock has a 50 day moving average of $40.76 and a 200-day moving average of $40.65. Vornado Realty Trust has a 1 year low of $22.42 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.66. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. As a group, sell-side analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $729,073,000. Principal Financial Group Inc. lifted its position in Vornado Realty Trust by 126.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after acquiring an additional 3,575,593 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Vornado Realty Trust by 232.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,529,069 shares of the real estate investment trust’s stock worth $139,045,000 after acquiring an additional 2,468,652 shares during the period. Bamco Inc. NY purchased a new position in Vornado Realty Trust in the 3rd quarter worth approximately $75,347,000. Finally, Invesco Ltd. grew its position in Vornado Realty Trust by 111.3% in the fourth quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust’s stock valued at $131,833,000 after acquiring an additional 1,651,819 shares in 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.