Vornado Realty Trust (VNO) Receives Analyst Rating

Vornado Realty Trust (VNO) : The consensus on Vornado Realty Trust (VNO) based on 7 analyst recommendation on the company stock is 2.43, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Vornado Realty Trust (VNO) : 6 Wall Street analysts covering Vornado Realty Trust (VNO) believe that the average level the stock could reach for the short term is $108.67. The maximum price target given is $115 and the minimum target for short term is around $106, hence the standard deviation is calculated at $3.2.


Also, Major Brokerage house, Barclays maintains its ratings on Vornado Realty Trust (NYSE:VNO). In the latest research report, Barclays raises the target price from $103 per share to $108 per share. According to the latest information available, the shares are now rated Equalweight by the analysts at the agency. The rating by the firm was issued on July 19, 2016.

Vornado Realty Trust (NYSE:VNO): After opening at $97.81, the stock dipped to an intraday low of $97.18 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $98.64 and the buying power remained strong till the end. The stock closed at $98.48 for the day, a gain of 0.60% for the day session. The total traded volume was 673,453. The stocks close on the previous trading day was $97.89.

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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