In a report released yesterday, Steve Sakwa from Evercore ISI maintained a Hold rating on Vornado Realty (VNO – Research Report), with a price target of $47.00. The company’s shares closed last Tuesday at $38.71, close to its 52-week low of $37.00.
According to TipRanks.com, Sakwa is a 3-star analyst with an average return of 1.6% and a 50.0% success rate. Sakwa covers the Financial sector, focusing on stocks such as Corporate Office Properties, Healthpeak Properties, and Park Hotels & Resorts.
Currently, the analyst consensus on Vornado Realty is a Hold with an average price target of $45.86, representing a 20.7% upside. In a report issued on April 18, Piper Sandler also maintained a Hold rating on the stock with a $44.00 price target.
Vornado Realty’s market cap is currently $7.8B and has a P/E ratio of 72.06.
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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. 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.
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