Vornado Realty Trust (NYSE:VNO) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a report issued on Monday.

A number of other equities research analysts also recently weighed in on the company. J P Morgan Chase & Co downgraded Vornado Realty Trust from an “overweight” rating to a “neutral” rating and set a $92.00 target price for the company. in a report on Friday, December 15th. Zacks Investment Research upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Barclays reiterated a “hold” rating and issued a $80.00 target price on shares of Vornado Realty Trust in a report on Thursday, October 19th. Morgan Stanley upgraded Vornado Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $81.00 to $84.00 in a report on Tuesday, October 10th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $90.00 target price on shares of Vornado Realty Trust in a report on Tuesday, September 26th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Vornado Realty Trust has an average rating of “Hold” and an average target price of $91.75.

Shares of Vornado Realty Trust (VNO) opened at $78.18 on Monday. The firm has a market capitalization of $15,083.90, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 4.78 and a beta of 0.99. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.20. Vornado Realty Trust has a 1-year low of $71.89 and a 1-year high of $89.38.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.90. The business had revenue of $528.76 million during the quarter, compared to the consensus estimate of $545.53 million. Vornado Realty Trust had a return on equity of 4.73% and a net margin of 35.23%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. equities analysts anticipate that Vornado Realty Trust will post 3.92 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kemper Corp Master Retirement Trust increased its holdings in shares of Vornado Realty Trust by 0.4% during the second quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock valued at $629,000 after acquiring an additional 25 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Vornado Realty Trust by 0.7% during the second quarter. Victory Capital Management Inc. now owns 4,459 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 29 shares in the last quarter. Global X Management Co. LLC increased its holdings in shares of Vornado Realty Trust by 14.5% during the second quarter. Global X Management Co. LLC now owns 2,336 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 295 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Vornado Realty Trust by 11.6% during the second quarter. Advisor Group Inc. now owns 3,988 shares of the real estate investment trust’s stock valued at $374,000 after acquiring an additional 413 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Vornado Realty Trust by 62.1% during the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 419 shares in the last quarter. Hedge funds and other institutional investors own 86.00% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.watchlistnews.com/vornado-realty-trust-vno-stock-rating-upgraded-by-thestreet/1774421.html.

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.

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.