Vornado Realty Trust (NYSE:VNO) Receives $34.27 Average Price Target from Analysts

Vornado Realty Trust (NYSE:VNO) has received a consensus rating of “Hold” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $35.00.

A number of analysts have recently commented on VNO shares. Citigroup lifted their target price on Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Barclays cut their target price on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, February 26th. Piper Sandler cut their target price on Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Scotiabank lifted their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 21st. Finally, BMO Capital Markets lifted their target price on Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday.

Vornado Realty Trust Stock Down 1.2%

Vornado Realty Trust stock opened at $37.86 on Friday. Vornado Realty Trust has a 1-year low of $24.57 and a 1-year high of $43.37. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.14 and a quick ratio of 6.14. The stock has a market cap of $7.12 billion, a PE ratio of 10.40, a P/E/G ratio of 1.93 and a beta of 1.56. The stock’s fifty day moving average is $31.63 and its two-hundred day moving average is $31.17.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results 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). 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 during the quarter, compared to analyst estimates of $431.72 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, sell-side analysts expect that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

Vornado Realty Trust announced that its board has approved a share buyback program on Wednesday, April 29th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity at Vornado Realty Trust

In other news, Director Russell B. Wight, Jr. bought 4,000 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were acquired at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the completion of the transaction, the director owned 13,000 shares of the company’s stock, valued at approximately $220,220. This trade represents a 44.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.00% of the company’s stock.

Institutional Trading of Vornado Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in VNO. Lighthouse Investment Partners LLC increased its position in Vornado Realty Trust by 20.9% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 260,000 shares of the real estate investment trust’s stock valued at $10,538,000 after acquiring an additional 45,000 shares during the period. Private Management Group Inc. increased its position in Vornado Realty Trust by 19.5% in the 3rd quarter. Private Management Group Inc. now owns 772,352 shares of the real estate investment trust’s stock valued at $31,303,000 after acquiring an additional 126,242 shares during the period. Vestcor Inc acquired a new position in Vornado Realty Trust in the 3rd quarter valued at about $4,572,000. Pacific Heights Asset Management LLC increased its position in Vornado Realty Trust by 75.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock valued at $11,648,000 after acquiring an additional 150,000 shares during the period. Finally, Centersquare Investment Management LLC increased its position in Vornado Realty Trust by 1.4% in the 3rd quarter. Centersquare Investment Management LLC now owns 3,172,261 shares of the real estate investment trust’s stock valued at $128,572,000 after acquiring an additional 42,323 shares during the period. 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.