Vornado Realty Trust (NYSE:VNO) Price Target Cut to $43.00 by Analysts at Mizuho

Vornado Realty Trust (NYSE:VNO) had its price objective reduced by Mizuho from $48.00 to $43.00 in a research note released on Monday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the company. 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. Scotiabank upped their target price on Vornado Realty Trust from $42.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Monday. Truist Financial upped their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a research report on Tuesday, June 3rd. Finally, Wall Street Zen raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.09.

Vornado Realty Trust Stock Up 0.3%

VNO stock opened at $38.74 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 4.10 and a quick ratio of 4.10. Vornado Realty Trust has a 1-year low of $26.19 and a 1-year high of $46.63. The firm has a fifty day moving average price of $38.81 and a two-hundred day moving average price of $38.78. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 74.49, a PEG ratio of 14.18 and a beta of 1.50.

Vornado Realty Trust (NYSE:VNO) last announced 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 company had revenue of $461.58 million during the quarter, compared to the consensus estimate of $452.68 million. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. Research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Insider Activity

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were 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 directly owned 30,000 shares in the company, valued at $1,139,400. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 8.42% of the company’s stock.

Institutional Investors Weigh In On Vornado Realty Trust

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Vornado Realty Trust in the 4th quarter worth $729,073,000. Franklin Resources Inc. lifted its stake in Vornado Realty Trust by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 11,899,686 shares of the real estate investment trust’s stock worth $500,263,000 after purchasing an additional 792,100 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Vornado Realty Trust by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,888,449 shares of the real estate investment trust’s stock worth $373,672,000 after purchasing an additional 278,409 shares in the last quarter. Invesco Ltd. lifted its stake in Vornado Realty Trust by 34.0% in the 1st quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust’s stock worth $155,476,000 after purchasing an additional 1,067,284 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Vornado Realty Trust by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 3,131,504 shares of the real estate investment trust’s stock worth $131,686,000 after purchasing an additional 25,209 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

About Vornado Realty Trust

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