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

Vornado Realty Trust (NYSE:VNO) has received a consensus recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $37.90.

A number of analysts have recently weighed in on VNO shares. Bank of America dropped their price objective on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, August 25th. Wall Street Zen upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Mizuho reduced their price target on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Monday, July 14th. Barclays boosted their price target on Vornado Realty Trust from $32.00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. Finally, 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 report on Friday, May 23rd.

Insider Transactions at Vornado Realty Trust

In related news, EVP Haim Chera sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 8.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Twin Tree Management LP increased its holdings in 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 period. UMB Bank n.a. grew its holdings in shares of Vornado Realty Trust by 67.7% during the 1st quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 523 shares during the period. Assetmark Inc. grew its holdings in shares of Vornado Realty Trust by 23.3% during the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 347 shares during the period. Friedenthal Financial purchased a new position in shares of Vornado Realty Trust during the 1st quarter worth approximately $75,000. Finally, Fifth Third Bancorp grew its holdings in shares of Vornado Realty Trust by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 312 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $39.94 on Wednesday. The firm has a market cap of $7.67 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 5.18 and a beta of 1.58. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The business has a 50 day moving average price of $38.23 and a 200-day moving average price of $37.86.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Equities research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Company Profile

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