Vornado Realty Trust (NYSE:VNO) has received an average rating of “Buy” from the eleven ratings firms that are covering the firm. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $109.44.

VNO has been the subject of several research analyst reports. Barclays PLC reduced their price objective on shares of Vornado Realty Trust from $103.00 to $101.00 and set a “hold” rating for the company in a report on Monday, January 23rd. Zacks Investment Research raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 22nd. TheStreet raised shares of Vornado Realty Trust from a “c+” rating to a “b+” rating in a report on Monday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Vornado Realty Trust from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, November 30th. Finally, Deutsche Bank AG upped their price objective on shares of Vornado Realty Trust from $97.00 to $105.00 and gave the stock a “hold” rating in a report on Monday.

Vornado Realty Trust (NYSE:VNO) opened at 104.11 on Thursday. Vornado Realty Trust has a 12-month low of $86.35 and a 12-month high of $111.72. The firm’s 50-day moving average is $106.88 and its 200 day moving average is $101.53. The stock has a market capitalization of $19.69 billion, a P/E ratio of 24.02 and a beta of 0.88.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, February 13th. The real estate investment trust reported $1.13 EPS for the quarter, missing the consensus estimate of $1.31 by $0.18. The firm had revenue of $638.26 million for the quarter, compared to the consensus estimate of $637.56 million. Vornado Realty Trust had a return on equity of 4.57% and a net margin of 36.19%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.27 EPS. Equities research analysts anticipate that Vornado Realty Trust will post $2.07 earnings per share for the current year.

In other Vornado Realty Trust news, insider Mitchell N. Schear sold 15,000 shares of the company’s stock in a transaction dated Thursday, December 29th. The shares were sold at an average price of $102.64, for a total value of $1,539,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.72% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Raymond James Trust N.A. increased its stake in shares of Vornado Realty Trust by 0.7% in the third quarter. Raymond James Trust N.A. now owns 2,245 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 15 shares during the last quarter. Conning Inc. increased its stake in shares of Vornado Realty Trust by 0.4% in the third quarter. Conning Inc. now owns 5,390 shares of the real estate investment trust’s stock worth $546,000 after buying an additional 20 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Vornado Realty Trust by 1.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,404 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 20 shares during the last quarter. 1st Global Advisors Inc. increased its stake in shares of Vornado Realty Trust by 0.9% in the third quarter. 1st Global Advisors Inc. now owns 3,085 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 27 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Vornado Realty Trust by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,145 shares of the real estate investment trust’s stock worth $954,000 after buying an additional 34 shares during the last quarter. 90.25% of the stock is owned by institutional investors.

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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.

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