Vornado Realty Trust (NYSE:VNO) Upgraded by StockNews.com to Sell Rating

Vornado Realty Trust (NYSE:VNO) was upgraded by investment analysts at StockNews.com to a “sell” rating in a report released on Tuesday.

Other research analysts have also issued reports about the stock. Bank of America boosted their price target on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Truist Financial lifted their price target on Vornado Realty Trust from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. The Goldman Sachs Group increased their price objective on Vornado Realty Trust from $21.50 to $23.75 and gave the company a “sell” rating in a research report on Thursday, September 12th. BMO Capital Markets raised shares of Vornado Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $29.00 to $40.00 in a research note on Thursday, August 8th. Finally, Compass Point upped their price objective on shares of Vornado Realty Trust from $32.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.07.

Vornado Realty Trust Stock Performance

VNO traded down $2.40 on Tuesday, hitting $42.91. The company’s stock had a trading volume of 1,301,109 shares, compared to its average volume of 2,023,414. The company’s 50 day simple moving average is $39.94 and its 200-day simple moving average is $31.94. The company has a quick ratio of 5.21, a current ratio of 4.97 and a debt-to-equity ratio of 1.93. Vornado Realty Trust has a 12 month low of $19.63 and a 12 month high of $46.63. The firm has a market cap of $8.18 billion, a P/E ratio of -147.97 and a beta of 1.64.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The company had revenue of $443.26 million for the quarter, compared to analysts’ expectations of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. Analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current year.

Institutional Trading of Vornado Realty Trust

A number of institutional investors have recently modified their holdings of the company. Blue Trust Inc. increased its position in Vornado Realty Trust by 331.0% during the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 844 shares during the period. Assetmark Inc. increased its position in shares of Vornado Realty Trust by 122.2% during the third quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Vornado Realty Trust in the second quarter worth about $48,000. EverSource Wealth Advisors LLC lifted its holdings in Vornado Realty Trust by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 1,018 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Vornado Realty Trust by 42.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 665 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.