Vornado Realty Trust (NYSE:VNO) Given New $27.00 Price Target at Compass Point

Vornado Realty Trust (NYSE:VNO) had its price objective lowered by Compass Point from $28.00 to $27.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Several other equities analysts also recently weighed in on VNO. Morgan Stanley upgraded shares of Vornado Realty Trust from an underweight rating to an equal weight rating and lifted their target price for the stock from $24.00 to $26.00 in a research note on Thursday, March 28th. Barclays assumed coverage on shares of Vornado Realty Trust in a research note on Wednesday, March 27th. They set an underweight rating and a $22.00 price objective for the company. The Goldman Sachs Group reduced their price objective on shares of Vornado Realty Trust from $24.00 to $21.00 and set a sell rating for the company in a research note on Thursday, February 22nd. Finally, Evercore ISI reduced their price objective on shares of Vornado Realty Trust from $28.00 to $26.00 and set an underperform rating for the company in a research note on Thursday, February 15th. Six analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Reduce and a consensus price target of $25.00.

Vornado Realty Trust Stock Performance

NYSE:VNO traded up $0.95 during trading hours on Wednesday, reaching $24.66. The stock had a trading volume of 1,436,702 shares, compared to its average volume of 2,222,119. The company has a debt-to-equity ratio of 1.82, a quick ratio of 4.95 and a current ratio of 4.95. The stock has a 50 day simple moving average of $26.69 and a 200 day simple moving average of $25.97. Vornado Realty Trust has a 12-month low of $12.31 and a 12-month high of $32.21. The stock has a market cap of $4.70 billion, a P/E ratio of 158.07 and a beta of 1.57.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The business had revenue of $441.89 million for the quarter, compared to the consensus estimate of $453.82 million. Vornado Realty Trust had a return on equity of 3.22% and a net margin of 5.82%. Vornado Realty Trust’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. On average, research analysts forecast that Vornado Realty Trust will post 2.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Vornado Realty Trust

A number of hedge funds have recently made changes to their positions in VNO. Norges Bank bought a new stake in shares of Vornado Realty Trust in the 4th quarter worth approximately $489,922,000. Kemnay Advisory Services Inc. bought a new stake in shares of Vornado Realty Trust in the 3rd quarter worth approximately $132,326,000. Deutsche Bank AG lifted its holdings in shares of Vornado Realty Trust by 141.9% in the 3rd quarter. Deutsche Bank AG now owns 4,238,442 shares of the real estate investment trust’s stock worth $96,128,000 after acquiring an additional 2,486,439 shares during the last quarter. Rush Island Management LP bought a new stake in shares of Vornado Realty Trust in the 3rd quarter worth approximately $27,901,000. Finally, Nomura Holdings Inc. lifted its holdings in shares of Vornado Realty Trust by 2,410.2% in the 4th quarter. Nomura Holdings Inc. now owns 973,035 shares of the real estate investment trust’s stock worth $27,488,000 after acquiring an additional 934,271 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.