Vornado Realty Trust (VNO) is Upgraded by Credit Suisse to Outperform

Vornado Realty Trust (VNO) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 12, 2016.

Many Wall Street Analysts have commented on Vornado Realty Trust. Vornado Realty Trust was Upgraded by Credit Suisse to ” Outperform” on Apr 12, 2016. Shares were Downgraded by Barclays on Jan 26, 2016 to ” Equal Weight” and Lowered the Price Target to $ 97 from a previous price target of $103 .

On the company’s financial health, Vornado Realty Trust reported $1.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Nov 2, 2015. Analyst had a consensus of $1.30. The company had revenue of $627.60 million for the quarter, compared to analysts expectations of $631.00 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

Vornado Realty Trust closed down -0.06 points or -0.06% at $94.63 with 4,70,317 shares getting traded on Monday. Post opening the session at $95.24, the shares hit an intraday low of $94.55 and an intraday high of $95.76 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Sep 24, 2015, Joseph Macnow (EVP-Finance, Chief Admin. Of) sold 4,500 shares at $25.08 per share price. According to the SEC, on Aug 26, 2015, Russell B Jr Wight (director) purchased 2,000 shares at $88.20 per share price.

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 Company’s segments include New York Washington DC and Toys “R” Us (Toys). The Company’s 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.

Vornado Realty Trust

Leave a Reply

Vornado Realty Trust - Is it time to Sell?

Top Brokerage Firms are advising their investors on Vornado Realty Trust. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.