Vornado Realty Gets a Buy Rating from Sandler O’Neill

By Austin Angelo

Sandler O’Neill analyst Alexander Goldfarb reiterated a Buy rating on Vornado Realty (NYSE: VNO) today and set a price target of $75. The company’s shares opened today at $66.80, close to its 52-week low of $65.29.

According to TipRanks.com, Goldfarb is a 1-star analyst with an average return of -1.6% and a 39.4% success rate. Goldfarb covers the Financial sector, focusing on stocks such as General Growth Properties Inc, Community Healthcare Trust, and Hudson Pacific Properties.

Vornado Realty has an analyst consensus of Moderate Buy, with a price target consensus of $75.25.

Vornado Realty’s market cap is currently $12.81B and has a P/E ratio of 16.30. The company has a book value ratio of 3.6255.

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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.