Analysts Offer Insights on Real Estate Companies: Vornado Realty (VNO) and Innovative Industrial Properties (IIPR)
There’s a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on Vornado Realty (VNO) and Innovative Industrial Properties (IIPR) with bullish sentiments.
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Vornado Realty (VNO)
Evercore ISI analyst Steve Sakwa maintained a Buy rating on Vornado Realty today and set a price target of $37.00. The company’s shares closed last Tuesday at $29.87.
According to TipRanks.com, Sakwa is a 2-star analyst with an average return of
Currently, the analyst consensus on Vornado Realty is a Hold with an average price target of $33.83, representing a 15.6% upside. In a report issued on April 22, TipRanks – PerPlexity also upgraded the stock to Buy with a $33.00 price target.
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Innovative Industrial Properties (IIPR)
Roth MKM analyst Bill Kirk maintained a Buy rating on Innovative Industrial Properties today and set a price target of $90.00. The company’s shares closed last Tuesday at $59.73.
According to TipRanks.com, Kirk is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Innovative Industrial Properties with a $58.75 average price target, which is a 7.5% upside from current levels. In a report issued on April 30, TipRanks – xAI also reiterated a Buy rating on the stock with a $62.00 price target.
Read More on VNO:
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- Caitlin Burrows Initiates Sell on Vornado Realty as Weak New York Leasing Trends and Uncertain Recovery Limit Upside
- Hold Rating Reiterated on VNO as Mixed Fundamentals Temper Outlook; $28 Price Target Maintained
- Vornado reports Q1 EPS 52c, consensus 52c
- VNO Upcoming Earnings Report: What to Expect?
- Vornado acquires 49% interest in Park Avenue Plaza from Closer Properties
