Vornado Realty Trust (NYSE:VNO – Free Report) had its price target decreased by Scotiabank from $41.00 to $39.00 in a research report released on Thursday,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.
Other analysts have also issued research reports about the company. Piper Sandler boosted their price target on Vornado Realty Trust from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Mizuho lifted their price objective on Vornado Realty Trust from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. boosted their target price on shares of Vornado Realty Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, September 15th. BMO Capital Markets upped their target price on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Finally, Barclays upped their target price on shares of Vornado Realty Trust from $29.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.91.
View Our Latest Research Report on Vornado Realty Trust
Vornado Realty Trust Stock Performance
Vornado Realty Trust (NYSE:VNO – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.49). Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. The company had revenue of $462.24 million for the quarter, compared to analyst estimates of $454.46 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts forecast that Vornado Realty Trust will post 2.41 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Vornado Realty Trust
A number of institutional investors and hedge funds have recently bought and sold shares of VNO. Sequoia Financial Advisors LLC grew its holdings in shares of Vornado Realty Trust by 35.5% during the second quarter. Sequoia Financial Advisors LLC now owns 14,064 shares of the real estate investment trust’s stock worth $553,000 after purchasing an additional 3,688 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Vornado Realty Trust by 33.5% in the second quarter. Integrated Wealth Concepts LLC now owns 30,485 shares of the real estate investment trust’s stock valued at $1,198,000 after buying an additional 7,643 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Vornado Realty Trust in the second quarter valued at about $222,000. Squarepoint Ops LLC lifted its position in Vornado Realty Trust by 65.9% during the 2nd quarter. Squarepoint Ops LLC now owns 133,928 shares of the real estate investment trust’s stock worth $5,263,000 after buying an additional 53,208 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Vornado Realty Trust by 272.7% during the 2nd quarter. Allworth Financial LP now owns 6,478 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 4,740 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.
Vornado Realty Trust Company Profile
Vornado Realty Trust is a publicly traded real estate investment trust that owns, manages and develops office, retail and mixed-use properties. The company’s portfolio is concentrated in New York City, particularly in Manhattan, where it operates prominent office buildings and retail destinations in major commercial districts.
Vornado’s activities include leasing office space to businesses, operating retail properties, managing building services and pursuing redevelopment opportunities.
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