Vornado Realty Trust (NYSE:VNO) Given Average Recommendation of “Hold” by Brokerages

Vornado Realty Trust (NYSE:VNO) has received an average rating of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $39.3333.

Several research analysts recently weighed in on VNO shares. Mizuho upped 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. Barclays increased their target price on Vornado Realty Trust from $29.00 to $34.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Morgan Stanley downgraded Vornado Realty Trust from an “equal weight” rating to an “underweight” rating and set a $32.00 target price on the stock. in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price target on Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Finally, Truist Financial boosted their price target on Vornado Realty Trust from $28.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, June 26th.

Insider Activity 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 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 in the company, valued at approximately $17,400,395.82. This represents a 21.91% decrease in their position. The transaction 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 company’s stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average price of $16.94 per share, with a total value of $67,760.00. Following the acquisition, the director directly 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. Corporate insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On Vornado Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in shares of Vornado Realty Trust during the third quarter worth about $28,000. Advisory Services Network LLC acquired a new position in Vornado Realty Trust during the third quarter worth $33,000. Farmers & Merchants Investments Inc. increased its holdings 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 purchasing an additional 718 shares in the last quarter. Employees Retirement System of Texas purchased a new position in Vornado Realty Trust in the fourth quarter valued at about $36,000. Finally, BOKF NA increased its stake in Vornado Realty Trust by 1,257.1% in the 3rd quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,056 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $39.84 on Friday. Vornado Realty Trust has a 12-month low of $24.57 and a 12-month high of $43.37. The company has a market capitalization of $7.44 billion, a P/E ratio of 1,992.85, a P/E/G ratio of 2.06 and a beta of 1.53. The company has a current ratio of 5.24, a quick ratio of 6.14 and a debt-to-equity ratio of 1.56. The business’s 50 day moving average is $38.38 and its two-hundred day moving average is $32.40.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.49). The company had revenue of $462.24 million during the quarter, compared to analyst estimates of $454.46 million. Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. Vornado Realty Trust’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 EPS. Analysts expect that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

Vornado Realty Trust declared that its Board of Directors has authorized a stock repurchase plan 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 buy up to 5.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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.