Vornado Realty Trust (NYSE:VNO) Given Average Recommendation of “Hold” by Analysts

Shares of Vornado Realty Trust (NYSE:VNO) have been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $37.91.

VNO has been the subject of a number of research reports. Piper Sandler boosted their target price on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Wall Street Zen upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Truist Financial boosted their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Tuesday, June 3rd. Barclays boosted their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, March 14th. Finally, Morgan Stanley boosted their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, March 14th.

Vornado Realty Trust Trading Up 3.6%

NYSE VNO opened at $37.18 on Friday. Vornado Realty Trust has a 12 month low of $24.76 and a 12 month high of $46.63. The company has a 50-day moving average of $38.20 and a 200-day moving average of $39.22. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.10 and a quick ratio of 4.10. The company has a market cap of $7.14 billion, a P/E ratio of 71.49, a P/E/G ratio of 13.21 and a beta of 1.52.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. The company had revenue of $461.58 million during the quarter, compared to the consensus estimate of $452.68 million. During the same quarter in the prior year, the company posted $0.55 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Insiders Place Their Bets

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 30,000 shares in the company, valued at $1,139,400. This represents a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vornado Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in VNO. Sanctuary Advisors LLC boosted its stake in shares of Vornado Realty Trust by 17.6% during the 4th quarter. Sanctuary Advisors LLC now owns 18,365 shares of the real estate investment trust’s stock valued at $782,000 after buying an additional 2,746 shares during the last quarter. Ieq Capital LLC boosted its stake in shares of Vornado Realty Trust by 7.5% during the 4th quarter. Ieq Capital LLC now owns 6,537 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 458 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Vornado Realty Trust during the 4th quarter valued at approximately $454,000. Bank of New York Mellon Corp boosted its stake in shares of Vornado Realty Trust by 1.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,380,793 shares of the real estate investment trust’s stock valued at $58,049,000 after buying an additional 21,115 shares during the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of Vornado Realty Trust during the 4th quarter valued at approximately $1,131,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

About Vornado Realty Trust

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