Vornado Realty Trust (NYSE:VNO) Upgraded to “Outperform” at Mizuho

Vornado Realty Trust (NYSE:VNO) was upgraded by Mizuho from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a $48.00 price target on the real estate investment trust’s stock, up from their prior price target of $38.00. Mizuho’s price target suggests a potential upside of 16.31% from the company’s previous close.

VNO has been the subject of a number of other reports. The Goldman Sachs Group raised their price objective on Vornado Realty Trust from $21.50 to $23.75 and gave the stock a “sell” rating in a research report on Thursday, September 12th. Truist Financial increased their target price on shares of Vornado Realty Trust from $31.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Scotiabank boosted their price target on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Piper Sandler reaffirmed a “neutral” rating and set a $44.00 price objective (up previously from $30.00) on shares of Vornado Realty Trust in a research report on Friday, October 18th. Finally, Evercore ISI boosted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.61.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $41.27 on Tuesday. The company’s 50-day moving average is $42.77 and its two-hundred day moving average is $36.86. Vornado Realty Trust has a 1-year low of $22.42 and a 1-year high of $46.63. The company has a debt-to-equity ratio of 1.93, a current ratio of 4.97 and a quick ratio of 4.97. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of -142.31 and a beta of 1.62.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.61). The business had revenue of $443.26 million during the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a net margin of 0.46% and a return on equity of 1.72%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 earnings per share. Analysts forecast that Vornado Realty Trust will post 2.16 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Versant Capital Management Inc lifted its position in Vornado Realty Trust by 1,014.0% in the fourth quarter. Versant Capital Management Inc now owns 958 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 872 shares during the last quarter. Blue Trust Inc. increased its position in shares of Vornado Realty Trust by 331.0% during the third quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 844 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Vornado Realty Trust by 122.2% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 661 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vornado Realty Trust in the 2nd quarter valued at about $48,000. Finally, Quarry LP purchased a new position in Vornado Realty Trust during the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.