Vornado Realty Trust (NYSE:VNO) Receives Consensus Rating of “Hold” from Analysts

Shares of Vornado Realty Trust (NYSE:VNO) have earned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $34.2727.

Several equities analysts have commented on the stock. Barclays dropped their price target on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, February 26th. JPMorgan Chase & Co. boosted their price target on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Weiss Ratings raised shares of Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Mizuho cut their target price on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Finally, Citigroup boosted their target price on Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 8th.

Insider Activity

In other news, Director Russell B. Wight, Jr. bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average cost of $16.94 per share, with a total value of $67,760.00. Following the transaction, the director directly owned 13,000 shares in the company, valued at $220,220. This trade represents a 44.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vornado Realty Trust

A number of hedge funds have recently modified their holdings of the business. Parallel Advisors LLC grew its position in shares of Vornado Realty Trust by 22.9% during the first quarter. Parallel Advisors LLC now owns 11,232 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 2,090 shares during the last quarter. Essential Partners LLC grew its position in shares of Vornado Realty Trust by 186.9% during the first quarter. Essential Partners LLC now owns 1,182 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 770 shares during the last quarter. Bank of America Corp DE grew its position in shares of Vornado Realty Trust by 5.7% during the first quarter. Bank of America Corp DE now owns 1,266,476 shares of the real estate investment trust’s stock worth $32,916,000 after acquiring an additional 68,267 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of Vornado Realty Trust during the first quarter worth approximately $373,000. Finally, Lodge Hill Capital LLC purchased a new stake in shares of Vornado Realty Trust during the first quarter worth approximately $11,046,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Up 1.7%

VNO stock opened at $38.92 on Friday. The company’s 50 day moving average price is $30.87 and its 200 day moving average price is $31.13. The company has a debt-to-equity ratio of 1.54, a quick ratio of 6.14 and a current ratio of 6.14. Vornado Realty Trust has a fifty-two week low of $24.57 and a fifty-two week high of $43.37. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.93 and a beta of 1.56.

Vornado Realty Trust (NYSE:VNO) last released its 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 return on equity of 15.82% and a net margin of 43.99%.The firm 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 company posted $0.63 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

Vornado Realty Trust announced that its Board of Directors has initiated a share repurchase plan on Wednesday, April 29th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are 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.