Vornado Realty Trust (NYSE:VNO) Price Target Cut to $28.00 by Analysts at Truist Financial

Vornado Realty Trust (NYSE:VNO) had its price objective reduced by Truist Financial from $29.00 to $28.00 in a research note published on Tuesday,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

A number of other research firms have also weighed in on VNO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on shares of Vornado Realty Trust from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. Scotiabank cut their price objective on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. Mizuho reduced their price objective on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Finally, Barclays decreased their target price on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.55.

Vornado Realty Trust Trading Up 3.2%

NYSE:VNO opened at $25.99 on Tuesday. Vornado Realty Trust has a 1 year low of $24.57 and a 1 year high of $43.37. The stock’s fifty day moving average price is $28.61 and its two-hundred day moving average price is $33.85. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.25 and a quick ratio of 5.25. The company has a market cap of $4.96 billion, a P/E ratio of 6.20, a P/E/G ratio of 1.36 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The company had revenue of $453.71 million during the quarter, compared to analysts’ expectations of $440.23 million. Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. Vornado Realty Trust’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. As a group, analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Institutional Trading of Vornado Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. boosted its position in shares of Vornado Realty Trust by 6.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,533 shares of the real estate investment trust’s stock valued at $351,000 after acquiring an additional 680 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Vornado Realty Trust by 14.0% in the fourth quarter. Corient Private Wealth LLC now owns 45,759 shares of the real estate investment trust’s stock worth $1,523,000 after purchasing an additional 5,602 shares during the last quarter. Hsbc Holdings PLC raised its stake in Vornado Realty Trust by 17.2% in the fourth quarter. Hsbc Holdings PLC now owns 303,616 shares of the real estate investment trust’s stock valued at $10,106,000 after purchasing an additional 44,559 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $86,000. Finally, Pacer Advisors Inc. lifted its position in Vornado Realty Trust by 0.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,497,296 shares of the real estate investment trust’s stock valued at $49,830,000 after purchasing an additional 7,559 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.