Vornado Realty Trust which can be found using ticker (VNO) have now 12 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 23 and 11 calculating the average target price we see $16.92. Given that the stocks previous close was at $15.01 this would imply there is now a potential upside of 12.7%. The 50 day MA is $16.43 and the 200 moving average now moves to $22.60. The market capitalization for the company is $3,027m. Visit the company website at: https://www.vno.com
The potential market cap would be $3,412m based on the market consensus.
Vornado is a fully integrated real estate investment trust (REIT) with a collection of premier assets and a focused strategy of growing its dominant positions in New York City office and retail. While concentrated in New York, Vornado also has premier assets in Chicago and San Francisco, and maintains a 32.4% interest in Alexander’s (Alexander’s) (NYSE: ALX), which owns six properties in the greater New York metropolitan area. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED (Leadership in Energy and Environmental Design) certified buildings, representing approximately 97% of our portfolio, with over 23 million square feet at LEED Gold or Platinum. In 2020, we were recognized by the National Association of Real Estate Investment Trusts (NAREIT) as a Leader in the Light for the 11th consecutive year, and in 2021 we achieved ENERGY STAR Partner of the Year with Sustained Excellence (seventh time with this distinction). We also earned accolades from the Global Real Estate Sustainability Benchmark (ninth year with Green Star Ranking, ranked #2 out of 94 publicly traded U.S. companies, highest-scoring respondent on public disclosure).
The company is not paying dividends at this time.
