This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Real Estate Companies: Vornado Realty (VNO) and Innovative Industrial Properties (IIPR)

Tipranks - Wed May 6, 9:32AM CDT

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.

Claim 55% Off TipRanks

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 0.1% and a 50.8% success rate. Sakwa covers the NA sector, focusing on stocks such as National Storage Affiliates, COPT Defense Properties, and Four Corners Property. ;'>

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.

See the top stocks recommended by analysts >>

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 -7.3% and a 40.1% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Grocery Outlet Holding, and United Natural Foods. ;'>

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:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.