Barclays Reaffirms “Hold” Rating for Vornado Realty Trust (NYSE:VNO)

Barclays reaffirmed their hold rating on shares of Vornado Realty Trust (NYSE:VNO) in a research report report published on Thursday morning, AnalystRatings.com reports. Barclays currently has a $76.00 price objective on the real estate investment trust’s stock.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded GALP ENERGIA SG/ADR from a hold rating to a sell rating in a report on Monday, May 6th. BMO Capital Markets lifted their price objective on Dollarama from C$35.00 to C$45.00 and gave the company a market perform rating in a report on Wednesday, June 5th. Morgan Stanley downgraded Silicon Motion Technology from an equal weight rating to an underweight rating in a report on Monday, April 22nd. Deutsche Bank decreased their price objective on Vornado Realty Trust from $80.00 to $73.00 and set a hold rating for the company in a report on Wednesday, April 10th. Finally, SunTrust Banks restated a buy rating and issued a $20.00 price objective on shares of ANGI Homeservices in a report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $76.38.

NYSE:VNO opened at $63.92 on Thursday. Vornado Realty Trust has a twelve month low of $59.48 and a twelve month high of $77.59. The company has a market capitalization of $12.41 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 3.76 and a beta of 0.96. The stock’s fifty day simple moving average is $65.99. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.93 and a current ratio of 3.93.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, April 29th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.78). Vornado Realty Trust had a return on equity of 10.19% and a net margin of 28.76%. The business had revenue of $534.67 million for the quarter, compared to the consensus estimate of $583.32 million. During the same quarter last year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts forecast that Vornado Realty Trust will post 3.76 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Vornado Realty Trust in the fourth quarter valued at about $1,121,649,000. FMR LLC grew its stake in Vornado Realty Trust by 1,334.9% in the fourth quarter. FMR LLC now owns 3,029,051 shares of the real estate investment trust’s stock valued at $187,893,000 after purchasing an additional 2,817,952 shares during the last quarter. Long Pond Capital LP grew its stake in Vornado Realty Trust by 15.7% in the first quarter. Long Pond Capital LP now owns 2,763,566 shares of the real estate investment trust’s stock valued at $186,375,000 after purchasing an additional 374,700 shares during the last quarter. Geode Capital Management LLC grew its stake in Vornado Realty Trust by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 2,758,196 shares of the real estate investment trust’s stock valued at $170,842,000 after purchasing an additional 212,918 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Vornado Realty Trust by 1.7% in the fourth quarter. Legal & General Group Plc now owns 1,499,324 shares of the real estate investment trust’s stock valued at $93,003,000 after purchasing an additional 24,997 shares during the last quarter. Hedge funds and other institutional investors own 77.40% of the company’s stock.

About Vornado Realty Trust

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.

Read More: What is Green Investing?

Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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