Vornado Realty Trust (NYSE:VNO) Lifted to Sell at StockNews.com

StockNews.com upgraded shares of Vornado Realty Trust (NYSE:VNO) to a sell rating in a report issued on Saturday morning.

Other analysts also recently issued research reports about the company. BMO Capital Markets dropped their price target on Vornado Realty Trust from $31.00 to $29.00 and set a market perform rating on the stock in a research note on Wednesday, June 12th. Barclays lowered their target price on Vornado Realty Trust from $22.00 to $21.00 and set an underweight rating on the stock in a research report on Friday, May 24th. Piper Sandler lowered their target price on Vornado Realty Trust from $25.00 to $22.00 and set an underweight rating on the stock in a research report on Monday, May 13th. Morgan Stanley raised Vornado Realty Trust from an underweight rating to an equal weight rating and lifted their target price for the company from $24.00 to $26.00 in a research report on Thursday, March 28th. Finally, Compass Point lowered their target price on Vornado Realty Trust from $28.00 to $27.00 and set a neutral rating on the stock in a research report on Wednesday, May 8th. Six analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $24.27.

Vornado Realty Trust Stock Performance

VNO opened at $28.85 on Friday. The business’s 50-day moving average price is $25.64 and its two-hundred day moving average price is $26.27. Vornado Realty Trust has a 1 year low of $18.36 and a 1 year high of $32.21. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 192.33 and a beta of 1.64. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.97 and a quick ratio of 4.97.

Insiders Place Their Bets

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total transaction of $56,380.00. Following the transaction, the director now owns 3,034 shares of the company’s stock, valued at $85,528.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 8.14% of the company’s stock.

Hedge Funds Weigh In On Vornado Realty Trust

A number of institutional investors have recently bought and sold shares of VNO. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Vornado Realty Trust by 3.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,660 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 386 shares during the period. First National Bank Sioux Falls boosted its holdings in shares of Vornado Realty Trust by 3.3% during the first quarter. First National Bank Sioux Falls now owns 15,311 shares of the real estate investment trust’s stock worth $440,000 after acquiring an additional 496 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Vornado Realty Trust by 5.3% during the fourth quarter. Metis Global Partners LLC now owns 9,886 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 499 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of Vornado Realty Trust by 0.3% during the first quarter. Retirement Systems of Alabama now owns 200,756 shares of the real estate investment trust’s stock worth $5,776,000 after acquiring an additional 527 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Vornado Realty Trust by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 101,565 shares of the real estate investment trust’s stock worth $2,921,000 after acquiring an additional 531 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.