Vornado Realty Trust (NYSE:VNO) Given Consensus Rating of “Hold” by Analysts

Shares of Vornado Realty Trust (NYSE:VNO) have been given a consensus rating of “Hold” by the eleven research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $37.91.

Several research firms recently issued reports on VNO. Piper Sandler upped their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. Morgan Stanley upped their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. Truist Financial upped their price target on Vornado Realty Trust from $37.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, June 3rd. Barclays upped their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, March 14th. Finally, Wall Street Zen raised Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th.

Insiders Place Their Bets

In other news, EVP Haim Chera sold 20,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the transaction, the executive vice president now owns 30,000 shares of the company’s stock, valued at approximately $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio bought a new position in shares of Vornado Realty Trust in the first quarter worth $1,175,000. Acadian Asset Management LLC bought a new position in shares of Vornado Realty Trust in the first quarter worth $3,341,000. Bayforest Capital Ltd bought a new position in shares of Vornado Realty Trust in the first quarter worth $294,000. Woodline Partners LP grew its stake in shares of Vornado Realty Trust by 214.9% in the first quarter. Woodline Partners LP now owns 599,874 shares of the real estate investment trust’s stock worth $22,189,000 after purchasing an additional 409,362 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Vornado Realty Trust by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock worth $22,705,000 after purchasing an additional 112,956 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock opened at $37.18 on Friday. The stock has a market cap of $7.14 billion, a P/E ratio of 71.49, a price-to-earnings-growth ratio of 13.21 and a beta of 1.52. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average of $38.20 and a 200-day moving average of $39.22. Vornado Realty Trust has a 52 week low of $24.76 and a 52 week high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS. On average, analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.