Vornado Realty Trust (VNO) : Analyst Rating Update

Vornado Realty Trust (VNO) : Zacks Investment Research ranks Vornado Realty Trust (VNO) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.25, which indicates as a Buy.

Vornado Realty Trust (VNO) : 6 investment research analysts covering Vornado Realty Trust (VNO) have an average price target of $103.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $110 and the lowest target is $100 for the short term. Analysts expect the variance to be within $3.78 of the average price.

Vornado Realty Trust (NYSE:VNO): The stock opened at $100.16 on Wednesday but the bulls could not build on the opening and the stock topped out at $100.30 for the day. The stock traded down to $99.16 during the day, due to lack of any buying support eventually closed down at $99.23 with a loss of -1.13% for the day. The stock had closed at $100.36 on the previous day. The total traded volume was 1,025,374 shares.

Also, Equity Analysts at the Brokerage Firm, Evercore ISI Group, upgrades their rating on the shares of Vornado Realty Trust (NYSE:VNO). Evercore ISI Group has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on May 16, 2016. The company shares have rallied 3.19% from its 1 Year high price. On Nov 2, 2015, the shares registered one year high at $103.41 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $96.38 and the 200 Day Moving Average price is recorded at $93.40.

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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