Vornado Realty Trust (NYSE:VNO) Coverage Initiated by Analysts at Mizuho

Equities researchers at Mizuho assumed coverage on shares of Vornado Realty Trust (NYSE:VNOGet Rating) in a research report issued to clients and investors on Friday, The Fly reports. The firm set an “underperform” rating on the real estate investment trust’s stock.

A number of other equities analysts have also commented on the stock. StockNews.com assumed coverage on shares of Vornado Realty Trust in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of Vornado Realty Trust from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research report on Wednesday, March 9th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $45.50.

NYSE:VNO opened at $41.93 on Friday. Vornado Realty Trust has a 12 month low of $38.00 and a 12 month high of $50.91. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 79.11 and a beta of 1.23. The company has a quick ratio of 4.35, a current ratio of 4.35 and a debt-to-equity ratio of 1.62. The company’s 50 day moving average is $43.97 and its 200-day moving average is $43.40.

Vornado Realty Trust (NYSE:VNOGet Rating) last released its quarterly earnings results on Sunday, February 13th. The real estate investment trust reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.13). Vornado Realty Trust had a net margin of 11.07% and a return on equity of 2.52%. The firm had revenue of $421.10 million during the quarter, compared to the consensus estimate of $425.44 million. During the same period in the prior year, the business earned $0.66 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Research analysts predict that Vornado Realty Trust will post 3.31 EPS for the current fiscal year.

In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 119,100 shares of the business’s stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $41.97, for a total value of $4,998,627.00. Following the sale, the director now owns 1,100,451 shares of the company’s stock, valued at approximately $46,185,928.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.22% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. CWM LLC bought a new stake in Vornado Realty Trust in the 4th quarter valued at $26,000. MCF Advisors LLC increased its holdings in Vornado Realty Trust by 49.0% in the 3rd quarter. MCF Advisors LLC now owns 934 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 307 shares during the period. Herold Advisors Inc. bought a new stake in Vornado Realty Trust in the 3rd quarter valued at $52,000. UMB Bank N A MO bought a new stake in Vornado Realty Trust in the 4th quarter valued at $55,000. Finally, Tortoise Investment Management LLC boosted its stake in shares of Vornado Realty Trust by 711.5% in the 4th quarter. Tortoise Investment Management LLC now owns 1,696 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 1,487 shares in the last quarter. 68.51% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Company Profile (Get Rating)

Vornado's portfolio is concentrated in the nation's key market  New York City  along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.

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