Vornado Realty Trust (VNO) Given “Hold” Rating at Barclays PLC

Vornado Realty Trust (NYSE:VNO)‘s stock had its “hold” rating restated by research analysts at Barclays PLC in a report issued on Thursday. They currently have a $80.00 price target on the real estate investment trust’s stock. Barclays PLC’s price objective would suggest a potential upside of 3.90% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Tuesday. Citigroup Inc. dropped their target price on Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, July 19th. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Bank of America Corporation restated a “buy” rating and issued a $113.00 target price (up previously from $112.00) on shares of Vornado Realty Trust in a report on Thursday, June 22nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $81.00 target price on shares of Vornado Realty Trust in a report on Saturday, July 22nd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $93.67.

Vornado Realty Trust (NYSE VNO) opened at 77.00 on Thursday. The company has a market cap of $14.59 billion, a PE ratio of 16.63 and a beta of 1.00. The stock’s 50 day moving average price is $76.26 and its 200 day moving average price is $77.02. Vornado Realty Trust has a 12-month low of $69.81 and a 12-month high of $90.32.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The company had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. During the same quarter last year, the company earned $1.21 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts anticipate that Vornado Realty Trust will post $1.25 EPS for the current year.

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A number of institutional investors have recently modified their holdings of the stock. Perigon Wealth Management LLC lifted its holdings in Vornado Realty Trust by 56.5% during the second quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 785 shares during the period. Toronto Dominion Bank lifted its holdings in Vornado Realty Trust by 25.6% during the second quarter. Toronto Dominion Bank now owns 58,330 shares of the real estate investment trust’s stock worth $5,476,000 after acquiring an additional 11,899 shares during the period. WINTON GROUP Ltd bought a new stake in Vornado Realty Trust during the second quarter worth $920,000. Koch Industries Inc. lifted its holdings in Vornado Realty Trust by 8,135.6% during the second quarter. Koch Industries I

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Tuesday. Citigroup Inc. dropped their target price on Vornado Realty Trust from $96.17 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, July 19th. BidaskClub upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Bank of America Corporation restated a “buy” rating and issued a $113.00 target price (up previously from $112.00) on shares of Vornado Realty Trust in a report on Thursday, June 22nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $81.00 target price on shares of Vornado Realty Trust in a report on Saturday, July 22nd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $93.67.

Vornado Realty Trust (NYSE VNO) opened at 77.00 on Thursday. The company has a market cap of $14.59 billion, a PE ratio of 16.63 and a beta of 1.00. The stock’s 50 day moving average price is $76.26 and its 200 day moving average price is $77.02. Vornado Realty Trust has a 12-month low of $69.81 and a 12-month high of $90.32.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a return on equity of 4.51% and a net margin of 37.96%. The company had revenue of $626.04 million for the quarter, compared to analyst estimates of $633.19 million. During the same quarter last year, the company earned $1.21 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts anticipate that Vornado Realty Trust will post $1.25 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Vornado Realty Trust (VNO) Given “Hold” Rating at Barclays PLC” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/19/vornado-realty-trust-vno-given-hold-rating-at-barclays-plc.html.

A number of institutional investors have recently modified their holdings of the stock. Perigon Wealth Management LLC lifted its holdings in Vornado Realty Trust by 56.5% during the second quarter. Perigon Wealth Management LLC now owns 2,175 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 785 shares during the period. Toronto Dominion Bank lifted its holdings in Vornado Realty Trust by 25.6% during the second quarter. Toronto Dominion Bank now owns 58,330 shares of the real estate investment trust’s stock worth $5,476,000 after acquiring an additional 11,899 shares during the period. WINTON GROUP Ltd bought a new stake in Vornado Realty Trust during the second quarter worth $920,000. Koch Industries Inc. lifted its holdings in Vornado Realty Trust by 8,135.6% during the second quarter. Koch Industries Inc. now owns 323,989 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 320,055 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in Vornado Realty Trust during the second quarter worth $7,697,000. Institutional investors and hedge funds own 85.94% of the company’s stock.

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)

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