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Piper Sandler Sticks to Its Hold Rating for Vornado Realty (VNO)

Tipranks - Tipranks - Wed Feb 11, 5:38AM CST

In a report released today, Alexander Goldfarb from Piper Sandler maintained a Hold rating on Vornado Realty, with a price target of $38.00.

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According to TipRanks, Goldfarb is a 3-star analyst with an average return of 2.4% and a 50.70% success rate. Goldfarb covers the Real Estate sector, focusing on stocks such as Eastgroup Properties, Mid-America Apartment, and SL Green Realty.

In addition to Piper Sandler, Vornado Realty also received a Hold from Morgan Stanley’s Ronald Kamdem in a report issued on January 29. However, today, BMO Capital maintained a Buy rating on Vornado Realty (NYSE: VNO).

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Based on Vornado Realty’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $453.7 million and a net profit of $27.12 million. In comparison, last year the company earned a revenue of $443.26 million and had a GAAP net loss of $3.63 million

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