Vornado Realty Trust (NYSE:VNO) Price Target Raised to $42.00 at Piper Sandler

Vornado Realty Trust (NYSE:VNO) had its price objective increased by Piper Sandler from $28.00 to $42.00 in a research report report published on Tuesday,Benzinga reports. Piper Sandler currently has a neutral rating on the real estate investment trust’s stock.

Several other brokerages have also issued reports on VNO. Scotiabank upped their target price on shares of Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. raised their price target on Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Morgan Stanley dropped their price target on Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. LADENBURG THALM/SH SH upped their price objective on Vornado Realty Trust from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Barclays increased their price objective on Vornado Realty Trust from $29.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $38.83.

Vornado Realty Trust Trading Up 0.5%

Shares of Vornado Realty Trust stock opened at $39.93 on Tuesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.14 and a quick ratio of 6.14. Vornado Realty Trust has a 1 year low of $24.57 and a 1 year high of $43.37. The firm has a market cap of $7.51 billion, a PE ratio of 10.97, a PEG ratio of 2.00 and a beta of 1.53. The company has a 50 day simple moving average of $36.57 and a two-hundred day simple moving average of $31.94.

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

Vornado Realty Trust announced that its Board of Directors has authorized a share buyback program on Wednesday, April 29th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

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

Institutional Trading of Vornado Realty Trust

Several institutional investors have recently added to or reduced their stakes in the business. Danske Bank A S bought a new position in shares of Vornado Realty Trust during the third quarter valued at about $28,000. Farmers & Merchants Investments Inc. lifted its stake in shares of Vornado Realty Trust by 512.9% in the 4th 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 during the last quarter. Essential Partners LLC lifted its stake in shares of Vornado Realty Trust by 186.9% in the 1st 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 bought a new stake in shares of Vornado Realty Trust in the 3rd quarter valued at about $33,000. Finally, Employees Retirement System of Texas purchased a new stake in Vornado Realty Trust during the 4th quarter valued at about $36,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust News Summary

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.