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

Vornado Realty Trust (NYSE:VNO) has been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.1667.

A number of research firms have weighed in on VNO. Evercore ISI boosted their price objective on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Truist Financial lifted their price target 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, September 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vornado Realty Trust in a report on Wednesday, October 8th. Citigroup raised shares of Vornado Realty Trust from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $34.00 to $42.00 in a research report on Friday, September 12th. Finally, Scotiabank decreased their price objective on shares of Vornado Realty Trust from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th.

Insiders Place Their Bets

In other news, EVP Haim Chera sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.42% of the stock is currently owned by company insiders.

Institutional Trading of Vornado Realty Trust

Institutional investors have recently modified their holdings of the company. US Bancorp DE raised its position in shares of Vornado Realty Trust by 1.3% in the 2nd quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock valued at $786,000 after purchasing an additional 259 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its position in Vornado Realty Trust by 48.0% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,439,438 shares of the real estate investment trust’s stock worth $55,044,000 after purchasing an additional 466,621 shares during the last quarter. Truist Financial Corp increased its stake in Vornado Realty Trust by 18.8% during the 2nd quarter. Truist Financial Corp now owns 7,677 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 1,214 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Vornado Realty Trust in the first quarter worth $3,341,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Vornado Realty Trust by 208.8% in the first quarter. Victory Capital Management Inc. now owns 101,054 shares of the real estate investment trust’s stock worth $3,738,000 after buying an additional 68,324 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $33.85 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82. Vornado Realty Trust has a 1-year low of $29.68 and a 1-year high of $46.52. The business has a 50 day simple moving average of $38.59 and a two-hundred day simple moving average of $38.66. The stock has a market capitalization of $6.50 billion, a PE ratio of 8.38, a P/E/G ratio of 4.57 and a beta of 1.57.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The business had revenue of $453.70 million for the quarter, compared to analysts’ expectations of $435.19 million. During the same period in the prior year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

About Vornado Realty Trust

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