Barclays analyst Ross L Smotrich maintained a Hold rating on Vornado Realty (NYSE: VNO) on October 12 and set a price target of $70. The company’s shares closed on Friday at $67.46.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.8% and a 62.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Safety Income & Growth Inc.
Vornado Realty has an analyst consensus of Moderate Buy, with a price target consensus of $77.50.
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Based on Vornado Realty’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $124 million. In comparison, last year the company had a GAAP net loss of $12.91 million.
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Vornado Realty Trust is a real estate investment trust. The company owns office, retail, merchandise mart properties and other real estate and related investments. Its office properties include various building office complexes and Bank of America Center in San Francisco.
