Vornado Realty Trust (VNO) : 3 brokerage houses believe that Vornado Realty Trust (VNO) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Vornado Realty Trust (VNO). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.25.
Vornado Realty Trust (VNO) : The consensus price target for Vornado Realty Trust (VNO) is $106.17 for the short term with a standard deviation of $3.71. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $110, however, the pessimist price target for the company is $101.
For the current week, the company shares have a recommendation consensus of Buy. Vornado Realty Trust (NYSE:VNO): The stock opened at $105.40 on Thursday but the bulls could not build on the opening and the stock topped out at $105.40 for the day. The stock traded down to $104.15 during the day, due to lack of any buying support eventually closed down at $104.97 with a loss of -0.38% for the day. The stock had closed at $105.37 on the previous day. The total traded volume was 534,101 shares.
In a related news, Macnow Joseph, officer (EVP-Finance, Chief Admin. Of) of Vornado Realty Trust, unloaded 4,500 shares at an average price of $25.08 on September 22, 2015. The total amount of the transaction was worth $112,860, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.