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

StockNews.com upgraded shares of Vornado Realty Trust (NYSE:VNO) to a sell rating in a research report sent to investors on Friday morning.

VNO has been the topic of a number of other reports. Barclays cut their target price on Vornado Realty Trust from $22.00 to $21.00 and set an underweight rating on the stock in a research note on Friday, May 24th. Scotiabank reduced their price objective on shares of Vornado Realty Trust from $24.00 to $23.00 and set a sector perform rating for the company in a research note on Thursday, May 16th. BMO Capital Markets dropped their target price on shares of 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. Piper Sandler cut their price target on shares of Vornado Realty Trust from $25.00 to $22.00 and set an underweight rating on the stock in a report on Monday, May 13th. Finally, Morgan Stanley upgraded shares of Vornado Realty Trust from an underweight rating to an equal weight rating and boosted their price objective for the stock from $24.00 to $26.00 in a report on Thursday, March 28th. Six investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, Vornado Realty Trust currently has an average rating of Hold and an average price target of $24.27.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock opened at $28.87 on Friday. Vornado Realty Trust has a twelve month low of $18.36 and a twelve month high of $32.21. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $5.50 billion, a P/E ratio of 192.48 and a beta of 1.64. The stock’s 50 day moving average is $25.09 and its 200 day moving average is $26.23.

Insiders Place Their Bets

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

Institutional Investors 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 stake in shares of Vornado Realty Trust by 3.8% in 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 grew its holdings in Vornado Realty Trust by 3.3% during the 1st quarter. First National Bank Sioux Falls now owns 15,311 shares of the real estate investment trust’s stock valued at $440,000 after buying an additional 496 shares in the last quarter. Metis Global Partners LLC grew its holdings in Vornado Realty Trust by 5.3% during the 4th quarter. Metis Global Partners LLC now owns 9,886 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 499 shares in the last quarter. Retirement Systems of Alabama raised its position 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 valued at $5,776,000 after buying an additional 527 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Vornado Realty Trust by 0.5% in 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 buying an additional 531 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

About Vornado Realty Trust

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.