As of February 15, 2024, the evaluations of Vornado Realty (NYSE:VNO) by analysts have generally been pessimistic. In the past three months, there have been no positive ratings, with most analysts either indifferent or bearish towards the company. Although there has been a slight shift in ratings over the last 30 days, with one more bearish rating added, there have been no positive or somewhat positive ratings.
The current average 12-month price target for Vornado Realty stands at $26.33, which is a significant increase from the previous average target of $21.20, indicating a projected rise of 24.2%. However, it is important to note that this average target still falls below the current stock price, suggesting that analysts anticipate a decline in the company’s value.
Let’s take a closer look at the recent actions taken by key analysts:
– Steve Sakwa from Evercore ISI Group downgraded his rating to ‘Underperform’ and set a new price target of $26.00, down from the previous target of $28.00.
– Alexander Goldfarb from Piper Sandler upgraded his rating to ‘Underweight’ and raised the price target to $25.00, up from $16.00.
– Michael Lewis from Truist Securities upgraded his rating to ‘Hold’ and set a new price target of $30.00, up from $27.00.
– John Kim from BMO Capital issued a ‘Market Perform’ rating with a price target of $31.00.
– Emmanuel Korchman from Citigroup upgraded his rating to ‘Sell’ and set a new price target of $18.00, up from $12.00.
Overall, the consensus rating for Vornado Realty among 9 Wall Street analysts is a ‘Moderate Sell’, with an average price target of $23.67, indicating a decrease from the current stock price.
Vornado Realty Trust (VNO) Stock Price Surges by 3.75% on February 15, 2024
Vornado Realty Trust (VNO) experienced a positive performance on February 15, 2024, as its stock price showed a notable increase. According to data from CNN Money, VNO shares closed at $25.70, marking a rise of $0.93 or 3.75% since the previous market close.
VNO Stock Performance on February 15, 2024: Revenue Stability and Growth Indicators
Title: VNO Stock Performance on February 15, 2024: A Steady Stance Amidst Revenue Stability
Introduction
On February 15, 2024, Vornado Realty Trust’s (VNO) stock performance remained stable, reflecting its consistent revenue figures. This article delves into VNO’s stock performance, highlighting its revenue stability, net income growth, and increased earnings per share (EPS) figures.
Revenue Stability
VNO’s total revenue has held flat since the previous year, indicating a resilient performance amidst market fluctuations. With a total revenue of $1.81 billion over the past year and $441.89 million in the fourth quarter, VNO has demonstrated its resilience and adaptability.
Net Income Growth
VNO’s net income has experienced a notable increase of 125.9% since the previous year, reaching $105.49 million. However, the net income remained unchanged since the last quarter, standing at -$45.48 million. While this may raise concerns, the net income growth over the year indicates VNO’s long-term potential for profitability and financial stability.
Earnings per Share Increase
VNO’s earnings per share (EPS) have seen a significant increase of 110.61% since the previous year, reaching $0.23. However, the EPS remained stagnant since the last quarter, standing at -$0.32. Although this may be viewed as a minor setback, the substantial year-on-year growth suggests that VNO has a solid foundation for future profitability.
Conclusion
Vornado Realty Trust (VNO) has showcased a stable stock performance on February 15, 2024, supported by consistent revenue figures. The company’s net income has experienced a remarkable growth of 125.9% since the previous year, while its earnings per share (EPS) increased by 110.61% during the same period. Although the net income and EPS remained unchanged since the last quarter, the overall upward trend suggests VNO’s potential for long-term profitability and financial stability. Investors may find VNO’s steady performance and growth indicators as an encouraging sign for future investment opportunities.
