Scotiabank upgraded shares of Vornado Realty Trust (NYSE:VNO) from an underperform rating to a sector perform rating in a research note released on Tuesday, The Fly reports.

A number of other equities analysts also recently weighed in on VNO. SunTrust Banks reaffirmed a buy rating and set a $20.00 price target on shares of ANGI Homeservices in a research note on Wednesday, May 22nd. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research report on Monday, May 6th. BMO Capital Markets increased their price objective on shares of Dollarama from C$35.00 to C$45.00 and gave the stock a market perform rating in a research report on Wednesday, June 5th. Morgan Stanley lowered shares of Silicon Motion Technology from an equal weight rating to an underweight rating in a research report on Monday, April 22nd. Finally, Deutsche Bank dropped their price objective on shares of Vornado Realty Trust from $80.00 to $73.00 and set a hold rating for the company in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $75.38.

NYSE:VNO opened at $65.48 on Tuesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.93 and a current ratio of 3.93. The stock has a market capitalization of $12.65 billion, a P/E ratio of 17.41, a P/E/G ratio of 3.46 and a beta of 0.96. Vornado Realty Trust has a fifty-two week low of $59.48 and a fifty-two week high of $77.59. The stock’s 50 day moving average is $66.32.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.78). The company had revenue of $534.67 million for the quarter, compared to analysts’ expectations of $583.32 million. Vornado Realty Trust had a return on equity of 10.19% and a net margin of 28.76%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS. As a group, research analysts anticipate that Vornado Realty Trust will post 3.8 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Family Firm Inc. acquired a new stake in Vornado Realty Trust during the 1st quarter valued at $535,000. Swiss National Bank grew its holdings in Vornado Realty Trust by 2.6% during the 1st quarter. Swiss National Bank now owns 570,743 shares of the real estate investment trust’s stock valued at $38,491,000 after purchasing an additional 14,500 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in Vornado Realty Trust by 8.9% during the 1st quarter. Commonwealth Bank of Australia now owns 20,788 shares of the real estate investment trust’s stock valued at $1,394,000 after purchasing an additional 1,700 shares in the last quarter. Cleararc Capital Inc. acquired a new stake in Vornado Realty Trust during the 1st quarter valued at $284,000. Finally, Gotham Asset Management LLC acquired a new stake in Vornado Realty Trust during the 4th quarter valued at $382,000. 77.29% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

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.

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Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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