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

Vornado Realty Trust (NYSE:VNO) had its price objective cut by Morgan Stanley from $32.00 to $28.00 in a report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Several other analysts have also recently weighed in on the company. Evercore cut their price objective on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Scotiabank decreased their target price on 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 lowered their target price on 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. Wall Street Zen lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Truist Financial reduced their price target on Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.55.

Vornado Realty Trust Trading Up 3.2%

NYSE:VNO opened at $25.99 on Tuesday. The company has a 50-day moving average price of $28.61 and a 200-day moving average price of $33.85. Vornado Realty Trust has a 12 month low of $24.57 and a 12 month high of $43.37. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 1.44. The stock has a market cap of $4.96 billion, a price-to-earnings 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 (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The company had revenue of $453.71 million for the quarter, compared to analysts’ expectations of $440.23 million. During the same quarter in the prior year, the firm earned $0.61 EPS. Vornado Realty Trust’s quarterly revenue was down .9% compared to the same quarter last year. Equities analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Institutional Investors Weigh In On Vornado Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. increased its stake in shares of Vornado Realty Trust by 6.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 10,533 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 680 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Vornado Realty Trust by 14.0% in the 4th 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 in the last quarter. Hsbc Holdings PLC boosted its position in shares of Vornado Realty Trust by 17.2% in the 4th quarter. Hsbc Holdings PLC now owns 303,616 shares of the real estate investment trust’s stock worth $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 shares of Vornado Realty Trust in the 4th quarter worth approximately $86,000. Finally, Pacer Advisors Inc. increased its position in Vornado Realty Trust by 0.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,497,296 shares of the real estate investment trust’s stock valued at $49,830,000 after buying an additional 7,559 shares in 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.