Vornado Realty Trust (VNO) Given a $76.00 Price Target at Sandler O’Neill

Sandler O’Neill set a $76.00 price objective on Vornado Realty Trust (NYSE:VNO) in a report published on Thursday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock.

VNO has been the topic of several other research reports. SunTrust Banks raised shares of Vornado Realty Trust from a hold rating to a buy rating in a research report on Monday, January 22nd. They noted that the move was a valuation call. TheStreet raised shares of Vornado Realty Trust from a c+ rating to a b- rating in a research report on Monday, December 18th. JPMorgan Chase & Co. cut shares of Vornado Realty Trust from an overweight rating to a neutral rating and set a $92.00 price target on the stock. in a research report on Friday, December 15th. Zacks Investment Research raised shares of Vornado Realty Trust from a sell rating to a hold rating in a research report on Friday, March 9th. Finally, Barclays reaffirmed a hold rating and set a $75.00 price target on shares of Vornado Realty Trust in a research report on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $86.62.

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VNO stock opened at $69.51 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. Vornado Realty Trust has a 12-month low of $65.16 and a 12-month high of $84.71. The company has a market cap of $13,205.79, a PE ratio of 81.78, a PEG ratio of 4.23 and a beta of 0.90.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Vornado Realty Trust had a net margin of 9.10% and a return on equity of 5.44%. The business had revenue of $536.23 million for the quarter, compared to analysts’ expectations of $532.81 million. During the same quarter last year, the company posted $3.43 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. research analysts forecast that Vornado Realty Trust will post 3.88 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Endowment Management LP raised its stake in Vornado Realty Trust by 248.6% during the fourth quarter. Global Endowment Management LP now owns 12,900 shares of the real estate investment trust’s stock worth $1,008,000 after acquiring an additional 9,200 shares during the period. Amica Pension Fund Board of Trustees acquired a new stake in Vornado Realty Trust during the third quarter worth about $2,739,000. Ffcm LLC acquired a new stake in Vornado Realty Trust during the third quarter worth about $1,044,000. Neuberger Berman Group LLC raised its stake in Vornado Realty Trust by 13.2% during the third quarter. Neuberger Berman Group LLC now owns 537,094 shares of the real estate investment trust’s stock worth $41,292,000 after acquiring an additional 62,429 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in Vornado Realty Trust during the fourth quarter worth about $3,625,000. Hedge funds and other institutional investors own 88.82% of the company’s stock.

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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.

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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