7. AFFORDABLE AND CLEAN ENERGY

Vornado Realty Trust (NYSE:VNO) Price Target Lowered to $34.00 at Truist Financial – Defense World

Written by Amanda

Vornado Realty Trust (NYSE:VNOGet Rating) had its target price cut by equities researchers at Truist Financial from $41.00 to $34.00 in a research note issued on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective would indicate a potential upside of 15.37% from the stock’s previous close.

Several other analysts have also weighed in on VNO. StockNews.com lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, May 9th. Mizuho began coverage on Vornado Realty Trust in a report on Friday, April 22nd. They set an “underperform” rating and a $38.00 price objective on the stock. Piper Sandler lowered Vornado Realty Trust from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $44.00 to $35.00 in a report on Wednesday, May 4th. Morgan Stanley decreased their price target on Vornado Realty Trust from $39.00 to $30.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 1st. Finally, BMO Capital Markets lowered Vornado Realty Trust from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $52.00 to $40.00 in a research note on Tuesday, May 31st. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $36.83.

Shares of NYSE VNO opened at $29.47 on Thursday. The company has a quick ratio of 4.70, a current ratio of 4.70 and a debt-to-equity ratio of 1.64. The business’s 50 day moving average is $33.46 and its two-hundred day moving average is $39.84. The company has a market cap of $5.65 billion, a P/E ratio of 45.34 and a beta of 1.25. Vornado Realty Trust has a 12 month low of $27.64 and a 12 month high of $47.51.

Vornado Realty Trust (NYSE:VNOGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.08. Vornado Realty Trust had a return on equity of 2.90% and a net margin of 11.96%. During the same quarter last year, the firm posted $0.65 EPS. Sell-side analysts expect that Vornado Realty Trust will post 3.14 earnings per share for the current fiscal year.

In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 119,100 shares of the business’s stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $41.97, for a total value of $4,998,627.00. Following the transaction, the director now owns 1,100,451 shares of the company’s stock, valued at $46,185,928.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.87% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of VNO. Qube Research & Technologies Ltd bought a new stake in shares of Vornado Realty Trust during the fourth quarter worth $2,488,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Vornado Realty Trust by 8.0% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 136,233 shares of the real estate investment trust’s stock worth $5,964,000 after acquiring an additional 10,099 shares during the last quarter. CWM LLC bought a new stake in shares of Vornado Realty Trust during the fourth quarter worth $26,000. Seeyond raised its position in shares of Vornado Realty Trust by 306.4% during the fourth quarter. Seeyond now owns 9,831 shares of the real estate investment trust’s stock worth $411,000 after acquiring an additional 7,412 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Vornado Realty Trust by 260.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 92,389 shares of the real estate investment trust’s stock worth $3,867,000 after acquiring an additional 66,791 shares during the last quarter. 82.19% of the stock is currently owned by institutional investors.

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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Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai