Truist Financial Lowers Vornado Realty Trust (NYSE:VNO) Price Target to $28.00

Vornado Realty Trust (NYSE:VNOGet Rating) had its price objective dropped by equities researchers at Truist Financial to $28.00 in a report released on Wednesday, Stock Target Advisor reports. Truist Financial’s price objective points to a potential upside of 16.42% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Piper Sandler cut their price target on shares of Vornado Realty Trust from $20.00 to $17.00 and set an “underweight” rating on the stock in a report on Friday, October 7th. Morgan Stanley dropped their target price on shares of Vornado Realty Trust from $25.00 to $24.00 and set an “underweight” rating on the stock in a report on Friday, September 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vornado Realty Trust from $33.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 13th. Mizuho decreased their price target on shares of Vornado Realty Trust from $30.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 19th. Finally, Evercore ISI decreased their target price on shares of Vornado Realty Trust from $34.00 to $31.00 in a research report on Tuesday, September 27th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.14.

Vornado Realty Trust Stock Down 1.3 %

VNO stock opened at $24.05 on Wednesday. Vornado Realty Trust has a 12-month low of $20.03 and a 12-month high of $47.26. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 1.52. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 48.10, a PEG ratio of 2.47 and a beta of 1.24. The company has a 50 day moving average of $23.77 and a two-hundred day moving average of $28.23.

Hedge Funds Weigh In On Vornado Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. United Capital Financial Advisers LLC boosted its position in Vornado Realty Trust by 3.2% in the second quarter. United Capital Financial Advisers LLC now owns 10,491 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 330 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Vornado Realty Trust by 1.1% in the second quarter. Thrivent Financial for Lutherans now owns 30,379 shares of the real estate investment trust’s stock valued at $869,000 after buying an additional 330 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Vornado Realty Trust by 2.3% in the second quarter. Mutual of America Capital Management LLC now owns 21,698 shares of the real estate investment trust’s stock valued at $620,000 after buying an additional 480 shares in the last quarter. CPR Investments Inc. boosted its position in Vornado Realty Trust by 5.4% in the second quarter. CPR Investments Inc. now owns 10,652 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 545 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Vornado Realty Trust by 1.0% in the third quarter. Daiwa Securities Group Inc. now owns 58,025 shares of the real estate investment trust’s stock valued at $1,344,000 after buying an additional 569 shares in the last quarter. 74.67% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

(Get Rating)

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 2019.

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