Barclays Issues Positive Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price objective lifted by Barclays from $29.00 to $34.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an underweight rating on the real estate investment trust’s stock.

VNO has been the topic of a number of other reports. Piper Sandler reduced their price objective on shares of Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. boosted their target price on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Truist Financial upped their price target on shares of Vornado Realty Trust from $28.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Mizuho increased their price target on shares of Vornado Realty Trust from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, BMO Capital Markets boosted their price objective on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.83.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $39.93 on Tuesday. The stock has a fifty day moving average price of $36.57 and a 200-day moving average price of $31.94. 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. The company has a debt-to-equity ratio of 1.54, a quick ratio of 6.14 and a current ratio of 6.14. Vornado Realty Trust has a fifty-two week low of $24.57 and a fifty-two week high of $43.37.

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%.The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS. As a group, equities analysts anticipate that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

Vornado Realty Trust announced that its board has authorized a stock repurchase plan on Wednesday, April 29th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. bought 4,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was purchased at an average price of $16.94 per share, with a total value of $67,760.00. Following the completion of the acquisition, the director owned 13,000 shares of the company’s stock, valued at $220,220. The trade was a 44.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael D. Fascitelli sold 133,350 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the completion of the transaction, the director directly owned 475,161 shares of the company’s stock, valued at $17,400,395.82. This trade represents a 21.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On Vornado Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System bought a new position in shares of Vornado Realty Trust in the 1st quarter valued at $1,206,000. Pacific Heights Asset Management LLC grew its position in Vornado Realty Trust by 75.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock worth $11,648,000 after acquiring an additional 150,000 shares during the last quarter. Legal & General Group Plc grew its position in Vornado Realty Trust by 9.1% during the 4th quarter. Legal & General Group Plc now owns 1,789,601 shares of the real estate investment trust’s stock worth $59,558,000 after acquiring an additional 149,598 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Vornado Realty Trust by 24,536.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 62,824 shares of the real estate investment trust’s stock worth $2,091,000 after purchasing an additional 62,569 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new position in Vornado Realty Trust in the 1st quarter worth about $2,102,000. 90.02% of the stock is owned by institutional investors.

More Vornado Realty Trust News

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

About Vornado Realty Trust

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.