Evercore ISI Issues Positive Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its target price boosted by Evercore ISI from $44.00 to $46.00 in a report published on Monday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

VNO has been the topic of a number of other research reports. Mizuho reduced their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Monday, July 14th. Citigroup raised Vornado Realty Trust from a “sell” rating to a “neutral” rating and lifted their price target for the company from $34.00 to $42.00 in a report on Friday. Piper Sandler upped their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Barclays raised their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Finally, Truist Financial boosted their target price on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.64.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $42.09 on Monday. Vornado Realty Trust has a 1-year low of $29.68 and a 1-year high of $46.63. The company has a 50 day moving average of $38.56 and a 200-day moving average of $37.89. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 5.46 and a beta of 1.58.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $441.44 million for the quarter, compared to the consensus estimate of $468.79 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.Vornado Realty Trust’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. On average, equities analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Insider Activity at Vornado Realty Trust

In other news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total transaction of $1,189,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vornado Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of VNO. Twin Tree Management LP raised its position 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 acquiring an additional 38,585 shares during the last quarter. UMB Bank n.a. boosted 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 worth $48,000 after purchasing an additional 523 shares during the last quarter. Assetmark Inc. grew its stake in shares of Vornado Realty Trust by 23.3% during the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 347 shares during the period. Friedenthal Financial bought a new stake in Vornado Realty Trust in the first quarter valued at about $75,000. Finally, Fifth Third Bancorp increased its holdings in Vornado Realty Trust by 16.4% in the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 312 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

About Vornado Realty Trust

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