Analyst Price Target Update on Vornado Realty Trust (NYSE:VNO)

Vornado Realty Trust (NYSE:VNO): 6 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $100.17 in Vornado Realty Trust (NYSE:VNO). However, the stock price could fluctuate by $ 2.64 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $105 price target with the lower price estimate is calculated at $97

Many analysts have stated their opinion on the company shares. Major Brokerage house, Evercore ISI Group upgrades its ratings on Vornado Realty Trust (NYSE:VNO). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on May 16, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Macnow Joseph, officer (EVP-Finance, Chief Admin. Of) of Vornado Realty Trust, had unloaded 4,500 shares at an average price of $25.08 in a transaction dated on September 22, 2015. The total value of the transaction was worth $112,860.

Vornado Realty Trust (NYSE:VNO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.38 points or 0.4% at $95.63 with 892,055 shares getting traded. Post opening the session at $96.09, the shares hit an intraday low of $95.46 and an intraday high of $96.75 and the price was in this range throughout the day. The company has a market cap of $18,052 million and the number of outstanding shares have been calculated to be 188,771,000 shares. The 52-week high of Vornado Realty Trust (NYSE:VNO) is $103.41 and the 52-week low is $78.91.

Vornado Realty Trust (Vornado) is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). The Company is the sole general partner of, and owned approximately 94.1% of the common limited partnership interest in the Operating Partnership. The Companys segments include New York, Washington, DC and Toys R Us (Toys). The Companys other investments includes The Mart, 555 California Street, Vornado Capital Partners Real Estate Fund and Toys R Us, Inc. The Company is the general partner and investment manager of Vornado Capital Partners Real Estate Fund.

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