Vornado Realty Trust (NYSE:VNO) Price Target Raised to $45.00 at Scotiabank

Vornado Realty Trust (NYSE:VNO) had its target price lifted by Scotiabank from $42.00 to $45.00 in a research report report published on Monday,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

VNO has been the topic of several other reports. Truist Financial lifted their price target on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a “hold” rating in a research note on Tuesday, June 3rd. Piper Sandler lifted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Two 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.09.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $38.74 on Monday. The firm’s 50 day moving average is $38.81 and its 200-day moving average is $38.78. The stock has a market capitalization of $7.44 billion, a P/E ratio of 74.49, a P/E/G ratio of 14.18 and a beta of 1.50. 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 12-month low of $26.19 and a 12-month high of $46.63.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping 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 business had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Vornado Realty Trust’s revenue was up 5.8% compared to the same quarter last year. Equities research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insider Activity

In related news, EVP Haim Chera sold 20,000 shares of the business’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the sale, the executive vice president directly owned 30,000 shares in the company, valued at approximately $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Twin Tree Management LP lifted its holdings in shares of Vornado Realty Trust by 102.1% during the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 38,585 shares during the last quarter. UMB Bank n.a. increased its position in shares of Vornado Realty Trust by 67.7% in the 1st quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 523 shares during the period. FIL Ltd acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at $49,000. Assetmark Inc. increased its position in shares of Vornado Realty Trust by 23.3% in the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 347 shares during the period. Finally, Friedenthal Financial acquired a new position in shares of Vornado Realty Trust in the 1st quarter valued at $75,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

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