Analyst Rating Update on Vornado Realty Trust (VNO)

Vornado Realty Trust (NYSE:VNO) : The consensus on Vornado Realty Trust (NYSE:VNO) based on 8 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 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 (NYSE:VNO) : The most positive equity analysts on Vornado Realty Trust (NYSE:VNO) expects the shares to touch $110, whereas, the least positive believes that the stock will trade at $100 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $103.33 with an expected fluctuation of $3.78 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Evercore ISI Group upgrades its rating on Vornado Realty Trust (NYSE:VNO). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on May 16, 2016.

Vornado Realty Trust (NYSE:VNO): stock turned positive on Tuesday. Though the stock opened at $96.23, the bulls momentum made the stock top out at $97.23 level for the day. The stock recorded a low of $96.01 and closed the trading day at $97.2, in the green by 1.62%. The total traded volume for the day was 1,218,722. The stock had closed at $95.65 in the previous days trading.

In an insider trading activity, 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 (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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