In a report released yesterday, Alexander Goldfarb from Sandler O’Neill reiterated a Buy rating on Vornado Realty (NYSE: VNO), with a price target of $82. The company’s shares closed yesterday at $73.92.
According to TipRanks.com, Goldfarb is a 4-star analyst with an average return of 4.8% and a 71.6% success rate. Goldfarb covers the Financial sector, focusing on stocks such as General Growth Properties Inc, Community Healthcare Trust, and Hudson Pacific Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vornado Realty with a $80 average price target.
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Based on Vornado Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $9.67 million. In comparison, last year the company had a net profit of $132 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.
