Noteworthy Price Action: Could Vornado Realty Trust Change Direction After Today’s Significant Decline?

Noteworthy Price Action: Could Vornado Realty Trust Change Direction After Today's Significant Decline?

The stock of Vornado Realty Trust (NYSE:VNO) is a huge mover today! The stock decreased 2.33% or $2.29 on October 5, hitting $96.13. Vornado Realty Trust (NYSE:VNO) has risen 8.89% since March 2, 2016 and is uptrending. It has outperformed by 0.64% the S&P500.
The move comes after 9 months negative chart setup for the $18.17B company. It was reported on Oct, 6 by We have $89.40 PT which if reached, will make NYSE:VNO worth $1.27B less.

Analysts await Vornado Realty Trust (NYSE:VNO) to report earnings on October, 31 after the close. They expect $1.30 EPS, up 4.00% or $0.05 from last year’s $1.25 per share. VNO’s profit will be $245.72 million for 18.49 P/E if the $1.30 EPS becomes a reality. After $1.21 actual EPS reported by Vornado Realty Trust for the previous quarter, Wall Street now forecasts 7.44% EPS growth.

Vornado Realty Trust (NYSE:VNO) Ratings Coverage

Out of 5 analysts covering Vornado Realty Trust (NYSE:VNO), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Vornado Realty Trust has been the topic of 14 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Vornado Realty Trust (NYSE:VNO) has “Buy” rating given on Monday, May 16 by Evercore. The stock of Vornado Realty Trust (NYSE:VNO) has “Overweight” rating given on Tuesday, October 20 by Barclays Capital. Barclays Capital maintained the stock with “Equalweight” rating in Tuesday, July 19 report. The rating was maintained by Deutsche Bank with “Hold” on Monday, March 21. The firm has “Outperform” rating given on Tuesday, April 12 by Credit Suisse. The rating was downgraded by Barclays Capital to “Equal-Weight” on Tuesday, January 26. The stock of Vornado Realty Trust (NYSE:VNO) earned “Hold” rating by TheStreet on Wednesday, August 5. The stock has “Neutral” rating given by SunTrust on Thursday, September 3. Deutsche Bank maintained it with “Hold” rating and $100 target price in Monday, May 16 report. Barclays Capital maintained the shares of VNO in a report on Friday, September 4 with “Overweight” rating.

According to Zacks Investment Research, “Vornado Realty Trust is a fully-integrated real estate investment trust. The company owns, directly or indirectly, the following: Office Building Properties; Retail Properties; Merchandise Mart Properties; Temperature Controlled Logistics; and Other Real Estate Investments. It is one of the largest property owners in New York City.”

Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 0.05, from 1.23 in 2016Q1. The ratio dived, as 30 funds sold all Vornado Realty Trust shares owned while 130 reduced positions. 43 funds bought stakes while 146 increased positions. They now own 166.89 million shares or 3.37% less from 172.71 million shares in 2016Q1.
Blackrock Japan Limited reported 224,279 shares or 0.08% of all its holdings. Westport Management has 0% invested in the company for 90 shares. Agran Libbie has 0.69% invested in the company for 27,751 shares. The California-based Advisor Prtnrs Ltd Liability Corporation has invested 0.07% in Vornado Realty Trust (NYSE:VNO). Amp Invsts reported 138,475 shares or 0.09% of all its holdings. Dnb Asset Management As holds 0% or 11,028 shares in its portfolio. Us State Bank De has 10,673 shares for 0% of their US portfolio. Silvercrest Asset Management Group Inc Limited Liability Corporation accumulated 10,537 shares or 0.01% of the stock. Sei Communication accumulated 283,349 shares or 0.17% of the stock. Blackrock Group Incorporated Limited accumulated 2.27M shares or 0.12% of the stock. The Netherlands-based Kempen Cap Nv has invested 0.93% in Vornado Realty Trust (NYSE:VNO). Proshare Advisors Llc holds 0.1% or 74,597 shares in its portfolio. Apg Asset Mgmt Nv has 65,724 shares for 0.01% of their US portfolio. Atlantic Tru Group Incorporated Ltd Company last reported 17,651 shares in the company. Tcw Grp Inc Inc Inc accumulated 0.17% or 223,992 shares.

Insider Transactions: Since August 17, 2016, the stock had 1 insider buy, and 0 selling transactions for $205,060 net activity. $205,060 worth of shares were bought by WIGHT RUSSELL B JR on Wednesday, August 17.

More notable recent Vornado Realty Trust (NYSE:VNO) news were published by: which released: “Vornado is shopping its last LA property for $150M” on October 04, 2016, also with their article: “Vornado Realty Trust’s Series K Preferred Shares Yield Pushes Past 5.5%” published on August 19, 2016, published: “Vornado Realty Trust: Is the Price Right?” on August 02, 2016. More interesting news about Vornado Realty Trust (NYSE:VNO) were released by: and their article: “Ex-Dividend Reminder: Vornado Realty Trust, Seagate Technology and …” published on May 04, 2016 as well as‘s news article titled: “Fuse Media inks 27K sf lease at Vornado’s 1 Penn Plaza” with publication date: October 04, 2016.

VNO Company Profile

Vornado Realty Trust, incorporated on March 29, 1993, is a fully integrated real estate investment trust (REIT). The Firm conducts its business through, and its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). The Firm is the sole general partner of, and owns common limited partnership interest in the Operating Partnership. The Company’s divisions include New York and Washington, DC. The Firm also owns approximately 3.6 million square foot Mart (theMart) in Chicago; interest in 555 California Street; interest in Vornado Capital Partners; its real estate fund, interest in Toys “R” Us, Inc., and other real estate and other investments.

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