Vornado Realty Trust (NYSE:VNO) Shares Gap Down – Should You Sell?

Vornado Realty Trust (NYSE:VNO) shares gapped down before the market opened on Monday . The stock had previously closed at $40.61, but opened at $39.60. Vornado Realty Trust shares last traded at $39.75, with a volume of 138,010 shares.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Evercore ISI lifted their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Barclays boosted their target price on Vornado Realty Trust from $27.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. StockNews.com upgraded Vornado Realty Trust to a “sell” rating in a research report on Tuesday, November 12th. Bank of America increased their price objective on shares of Vornado Realty Trust from $26.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Finally, Truist Financial boosted their target price on Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.07.

Vornado Realty Trust Stock Performance

The company has a debt-to-equity ratio of 1.93, a quick ratio of 4.97 and a current ratio of 4.97. The firm’s 50 day moving average price is $40.41 and its 200-day moving average price is $32.26.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.61). The company had revenue of $443.26 million for the quarter, compared to analyst estimates of $445.07 million. Vornado Realty Trust had a return on equity of 1.72% and a net margin of 0.46%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.66 EPS. Sell-side analysts forecast that Vornado Realty Trust will post 2.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vornado Realty Trust

Several hedge funds have recently bought and sold shares of VNO. Thrivent Financial for Lutherans lifted its position in shares of Vornado Realty Trust by 0.7% during the third quarter. Thrivent Financial for Lutherans now owns 38,933 shares of the real estate investment trust’s stock worth $1,534,000 after purchasing an additional 272 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Vornado Realty Trust by 0.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,315 shares of the real estate investment trust’s stock worth $2,731,000 after buying an additional 299 shares during the last quarter. US Bancorp DE increased its position in Vornado Realty Trust by 1.8% in the 3rd quarter. US Bancorp DE now owns 17,529 shares of the real estate investment trust’s stock valued at $691,000 after acquiring an additional 311 shares during the period. Vert Asset Management LLC raised its stake in Vornado Realty Trust by 0.5% during the 3rd quarter. Vert Asset Management LLC now owns 68,282 shares of the real estate investment trust’s stock valued at $2,690,000 after acquiring an additional 324 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Vornado Realty Trust by 3.8% during the 1st 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. Institutional investors and hedge funds own 90.02% of the company’s stock.

About Vornado Realty Trust

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