Favorable Press Coverage Somewhat Unlikely to Impact Vornado Realty Trust (VNO) Share Price
Press coverage about Vornado Realty Trust (NYSE:VNO) has been trending positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vornado Realty Trust earned a coverage optimism score of 0.31 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.4260526419912 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of equities analysts have commented on the stock. Sandler O’Neill reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Vornado Realty Trust in a report on Tuesday, September 26th. Barclays reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Vornado Realty Trust in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. downgraded shares of Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 price objective for the company. in a report on Friday, December 15th. Finally, TheStreet raised shares of Vornado Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, December 18th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $91.75.
Shares of Vornado Realty Trust (NYSE:VNO) traded up $0.64 on Friday, hitting $75.44. 732,259 shares of the stock traded hands, compared to its average volume of 895,208. Vornado Realty Trust has a 52 week low of $71.89 and a 52 week high of $111.72. The firm has a market capitalization of $14,324.40, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 4.54 and a beta of 1.00. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.20.
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Vornado Realty Trust Company Profile
Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.
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