Vornado Realty Trust (NYSE:VNO) Given New $42.00 Price Target at Mizuho

Vornado Realty Trust (NYSE:VNO) had its price objective increased by Mizuho from $34.00 to $42.00 in a research note released on Tuesday,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. BMO Capital Markets upped their target price on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Weiss Ratings upgraded Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Citigroup boosted their price objective on Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Morgan Stanley dropped their target price on Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Finally, Truist Financial lifted their target price on Vornado Realty Trust from $28.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Vornado Realty Trust presently has an average rating of “Hold” and a consensus target price of $38.83.

Vornado Realty Trust Stock Performance

VNO opened at $39.93 on Tuesday. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 1.54. The company’s fifty day moving average price is $36.57 and its two-hundred day moving average price is $31.94. Vornado Realty Trust has a 1-year low of $24.57 and a 1-year high of $43.37. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 2.00 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The business had revenue of $459.11 million during the quarter, compared to the consensus estimate of $431.71 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $0.63 earnings per share. On average, analysts expect that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

Vornado Realty Trust announced that its Board of Directors has approved a stock buyback plan on Wednesday, April 29th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Vornado Realty Trust

In related news, Director Michael D. Fascitelli sold 133,350 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the transaction, the director directly owned 475,161 shares in the company, valued at approximately $17,400,395.82. The trade was a 21.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Russell B. Wight, Jr. acquired 4,000 shares of Vornado Realty Trust stock in a transaction on Monday, June 8th. The stock was purchased at an average cost of $16.94 per share, with a total value of $67,760.00. Following the completion of the transaction, the director directly owned 13,000 shares in the company, valued at $220,220. This represents a 44.44% increase in their position. The disclosure for this purchase is available in the SEC filing. 9.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vornado Realty Trust

Several hedge funds have recently modified their holdings of VNO. Danske Bank A S purchased a new position in shares of Vornado Realty Trust in the 3rd quarter worth approximately $28,000. Farmers & Merchants Investments Inc. grew its holdings in shares of Vornado Realty Trust by 512.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 718 shares in the last quarter. Essential Partners LLC increased its position in shares of Vornado Realty Trust by 186.9% during the first quarter. Essential Partners LLC now owns 1,182 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 770 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Vornado Realty Trust during the third quarter valued at approximately $33,000. Finally, Employees Retirement System of Texas bought a new stake in Vornado Realty Trust during the fourth quarter worth $36,000. Institutional investors own 90.02% of the company’s stock.

Key Headlines Impacting Vornado Realty Trust

Here are the key news stories impacting Vornado Realty Trust this week:

• Positive Sentiment: Mizuho raised its price target on Vornado Realty Trust to $42 from $34 and kept an outperform rating, signaling more upside confidence. Mizuho raises Vornado price target
• Positive Sentiment: Piper Sandler lifted its target to $42 from $28, citing a more constructive view on the shares despite maintaining a neutral stance. Piper Sandler raises Vornado price target
• Positive Sentiment: Scotiabank also increased its target, to $40 from $38, suggesting the stock is roughly near fair value but still supported at current levels. Scotiabank raises Vornado price target
• Neutral Sentiment: Vornado announced it will report second-quarter earnings on August 3 after the close, followed by a conference call on August 4. That is a standard catalyst and keeps attention on upcoming results rather than changing fundamentals right away. Vornado earnings release date announcement
• Neutral Sentiment: Alexander’s, in which Vornado has an interest, also announced its own second-quarter earnings date, reinforcing the upcoming reporting season for the related real estate portfolio. Alexander’s earnings release date announcement
• Negative Sentiment: Not all analyst commentary was upbeat: Barclays raised its target to $34 but maintained an underweight rating, which reflects skepticism about the stock’s valuation and near-term upside. Barclays underweight rating on Vornado

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.