Vornado Realty Trust (NYSE:VNO) Price Target Raised to $41.00

Vornado Realty Trust (NYSE:VNO) had its price target increased by equities research analysts at Scotiabank from $40.00 to $41.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 11.78% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Barclays increased their price target on Vornado Realty Trust from $29.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Mizuho boosted 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, July 21st. Morgan Stanley lowered Vornado Realty Trust from an “equal weight” rating to an “underweight” rating and set a $32.00 price objective for the company. in a report on Wednesday, July 22nd. Citigroup increased their target price on shares of Vornado Realty Trust from $34.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Truist Financial increased their price target 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 research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.91.

Vornado Realty Trust Stock Up 0.1%

Shares of VNO traded up $0.03 during midday trading on Wednesday, hitting $36.68. The company had a trading volume of 427,633 shares, compared to its average volume of 1,832,281. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.56. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 1,837.57, a PEG ratio of 1.73 and a beta of 1.53. Vornado Realty Trust has a 52 week low of $24.57 and a 52 week high of $43.37. The company’s 50 day moving average price is $39.18 and its 200 day moving average price is $33.32.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.49). Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. The firm had revenue of $462.24 million for the quarter, compared to analyst estimates of $454.46 million. During the same quarter in the previous year, the company earned $0.56 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Vornado Realty Trust will post 2.35 EPS for the current year.

Insider Transactions at Vornado Realty Trust

In other news, Director Michael D. Fascitelli sold 133,350 shares of the stock in a transaction on 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 owned 475,161 shares in the company, valued at $17,400,395.82. This represents a 21.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Russell B. Wight, Jr. bought 4,000 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 13,000 shares of the company’s stock, valued at approximately $220,220. The trade was a 44.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On Vornado Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew its position in shares of Vornado Realty Trust by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 39,320 shares of the real estate investment trust’s stock valued at $1,504,000 after purchasing an additional 391 shares during the last quarter. State of Michigan Retirement System raised its position in Vornado Realty Trust by 1.0% in the first quarter. State of Michigan Retirement System now owns 38,500 shares of the real estate investment trust’s stock worth $1,001,000 after purchasing an additional 400 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Vornado Realty Trust by 15.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,976 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 400 shares in the last quarter. Metis Global Partners LLC raised its stake in Vornado Realty Trust by 1.4% during the fourth quarter. Metis Global Partners LLC now owns 38,161 shares of the real estate investment trust’s stock worth $1,270,000 after acquiring an additional 514 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Vornado Realty Trust by 1.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 32,833 shares of the real estate investment trust’s stock worth $853,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds 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.