Vornado Realty Trust (VNO) Rating Reiterated by BMO Capital Markets

Share on StockTwits

Vornado Realty Trust (NYSE:VNO)‘s stock had its “buy” rating reiterated by analysts at BMO Capital Markets in a report issued on Monday.

VNO has been the topic of several other reports. ValuEngine cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Zacks Investment Research raised Vornado Realty Trust from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Monday, October 1st. SunTrust Banks boosted their price objective on Vornado Realty Trust to $81.00 and gave the stock an “average” rating in a research note on Wednesday, June 27th. Deutsche Bank reduced their price objective on Vornado Realty Trust from $82.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, June 26th. Finally, Argus boosted their price objective on Vornado Realty Trust from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, July 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $79.78.

Shares of NYSE VNO opened at $68.62 on Monday. The company has a current ratio of 5.62, a quick ratio of 5.62 and a debt-to-equity ratio of 2.41. Vornado Realty Trust has a 1-year low of $64.13 and a 1-year high of $79.56. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 8.75 and a beta of 0.91.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). Vornado Realty Trust had a return on equity of 5.16% and a net margin of 6.91%. The company had revenue of $541.80 million for the quarter, compared to the consensus estimate of $539.78 million. During the same period in the previous year, the firm earned $1.25 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts predict that Vornado Realty Trust will post 3.88 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Vornado Realty Trust by 1.3% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,447 shares of the real estate investment trust’s stock valued at $4,099,000 after buying an additional 729 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Vornado Realty Trust by 4.9% during the second quarter. CIBC Asset Management Inc now owns 16,949 shares of the real estate investment trust’s stock valued at $1,253,000 after buying an additional 785 shares during the last quarter. Amalgamated Bank grew its stake in shares of Vornado Realty Trust by 3.7% during the second quarter. Amalgamated Bank now owns 22,193 shares of the real estate investment trust’s stock valued at $1,641,000 after buying an additional 801 shares during the last quarter. KCS Wealth Advisory grew its stake in shares of Vornado Realty Trust by 6.7% during the second quarter. KCS Wealth Advisory now owns 12,952 shares of the real estate investment trust’s stock valued at $957,000 after buying an additional 813 shares during the last quarter. Finally, Fiduciary Group LLC grew its stake in shares of Vornado Realty Trust by 4.3% during the second quarter. Fiduciary Group LLC now owns 22,592 shares of the real estate investment trust’s stock valued at $1,670,000 after buying an additional 926 shares during the last quarter. 79.08% of the stock is currently owned by hedge funds and other institutional investors.

About Vornado Realty Trust

Vornado's portfolio is concentrated in the nation's key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2017.

Further Reading: Leveraged Buyout (LBO) Explained

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

Receive News & Ratings for Vornado Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vornado Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply