Piper Sandler analyst Alexander Goldfarb maintained a Sell rating on Vornado Realty (VNO – Research Report) today and set a price target of $25.00. The company’s shares closed yesterday at $30.10.
According to TipRanks, Goldfarb is a 4-star analyst with an average return of 2.6% and a 56.85% success rate. Goldfarb covers the Real Estate sector, focusing on stocks such as AvalonBay, SL Green Realty, and Essex Property.
In addition to Piper Sandler, Vornado Realty also received a Sell from Evercore ISI’s Steve Sakwa in a report issued on December 11. However, yesterday, Truist Financial maintained a Hold rating on Vornado Realty (NYSE: VNO).
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VNO market cap is currently $6.24B and has a P/E ratio of -14.84.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VNO in relation to earlier this year.
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Vornado Realty (VNO) Company Description:
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. The company’s retail properties include shopping centers, regional malls single tenant retail assets. Its other real estate and related investments include marketable securities and mezzanine loans or real estate. The company was founded by Steve Roth in 1980 and is headquartered in New York, NY.
Read More on VNO:
- Vornado just upgraded at BMO Capital, here’s why
- Vornado upgraded to Market Perform from Underperform at BMO Capital
- Vornado just downgraded at Evercore ISI, here’s why
- Vornado Declares Common Dividend of $.30 Per Share
- SL Green and Vornado Announce 270,000-Square-Foot Lease with a Premier Financial Services Tenant at 280 Park Avenue
