In a report issued on July 16, Ross L Smotrich from Barclays maintained a Hold rating on Vornado Realty (VNO), with a price target of $76. The company’s shares closed yesterday at $65.05.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.0% and a 62.0% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Apartment Investment & Management, and Four Corners Property Trust.
Vornado Realty has an analyst consensus of Moderate Buy, with a price target consensus of $74.40, implying a 14.4% upside from current levels. In a report issued on July 9, Scotiabank also upgraded the stock to Hold with a $68 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 $194 million. In comparison, last year the company had a net profit of $123 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.
