Vornado Realty Trust (NYSE:VNO) Given New $45.00 Price Target at LADENBURG THALM/SH SH

Vornado Realty Trust (NYSE:VNO) had its target price boosted by analysts at LADENBURG THALM/SH SH from $40.00 to $45.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s target price indicates a potential upside of 15.59% from the company’s previous close.

VNO has been the topic of several other research reports. Scotiabank upped their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, May 21st. Morgan Stanley dropped their price objective 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. Weiss Ratings lowered Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Citigroup boosted their price objective on Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Truist Financial cut their price objective on Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Tuesday, March 31st. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.27.

Vornado Realty Trust Trading Up 1.2%

Shares of NYSE VNO traded up $0.48 during trading hours on Wednesday, hitting $38.93. 631,833 shares of the company traded hands, compared to its average volume of 1,967,547. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 1.83 and a beta of 1.56. 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 50 day moving average price is $30.35 and its 200 day moving average price is $31.06. Vornado Realty Trust has a 12 month low of $24.57 and a 12 month high of $43.37.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The business had revenue of $459.11 million for the quarter, compared to analysts’ expectations of $431.72 million. During the same quarter in the previous year, the firm earned $0.63 EPS. Vornado Realty Trust’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Vornado Realty Trust will post 2.34 earnings per share for the current fiscal year.

Vornado Realty Trust declared that its board has approved a share 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 reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Vornado Realty Trust during the 4th quarter worth approximately $579,709,000. Franklin Resources Inc. boosted its position in Vornado Realty Trust by 1.6% during the fourth quarter. Franklin Resources Inc. now owns 12,504,170 shares of the real estate investment trust’s stock worth $416,139,000 after purchasing an additional 195,111 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Vornado Realty Trust by 21.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust’s stock worth $301,300,000 after purchasing an additional 1,598,643 shares in the last quarter. State Street Corp boosted its position in Vornado Realty Trust by 0.5% during the second quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust’s stock worth $337,775,000 after purchasing an additional 39,767 shares in the last quarter. Finally, Resolution Capital Ltd boosted its position in Vornado Realty Trust by 34.1% during the first quarter. Resolution Capital Ltd now owns 7,459,981 shares of the real estate investment trust’s stock worth $193,885,000 after purchasing an additional 1,895,846 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.