Truist Financial Issues Positive Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price target raised by Truist Financial from $37.00 to $38.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Several other brokerages have also recently issued reports on VNO. Wall Street Zen upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Piper Sandler boosted their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Compass Point boosted their price target on Vornado Realty Trust from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Morgan Stanley upped their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, March 14th. Finally, Barclays upped their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.91.

Vornado Realty Trust Trading Up 3.0%

Shares of VNO stock opened at $38.86 on Tuesday. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The stock has a market cap of $7.46 billion, a P/E ratio of 971.38, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47. The stock has a 50 day simple moving average of $36.38 and a 200 day simple moving average of $39.55. Vornado Realty Trust has a 1 year low of $23.50 and a 1 year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $461.58 million during the quarter, compared to analysts’ expectations of $452.68 million. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 earnings per share. On average, research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Insider Transactions at Vornado Realty Trust

In related news, EVP Haim Chera sold 20,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the sale, the executive vice president now directly owns 30,000 shares in the company, valued at $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.42% of the company’s stock.

Institutional Trading of Vornado Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new stake in Vornado Realty Trust in the fourth quarter valued at $235,000. Assetmark Inc. boosted its position in Vornado Realty Trust by 23.8% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 286 shares during the last quarter. Caprock Group LLC bought a new stake in Vornado Realty Trust during the fourth quarter valued at $240,000. Nomura Asset Management Co. Ltd. boosted its position in Vornado Realty Trust by 6.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust’s stock valued at $9,321,000 after acquiring an additional 12,780 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Vornado Realty Trust by 61.6% during the fourth quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 677 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.