Vornado Realty Trust (NYSE:VNO) Receives $36.33 Consensus PT from Brokerages

Shares of Vornado Realty Trust (NYSE:VNO) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $36.3333.

Several brokerages have weighed in on VNO. JPMorgan Chase & Co. boosted their price objective on 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 Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Piper Sandler cut their price objective 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. Citigroup boosted their price objective on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, LADENBURG THALM/SH SH increased their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th.

Insiders Place Their Bets

In other news, Director Russell B. Wight, Jr. bought 4,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were purchased at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the completion of the purchase, the director owned 13,000 shares in the company, valued at approximately $220,220. This represents a 44.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael D. Fascitelli sold 133,350 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the transaction, the director directly owned 475,161 shares in the company, valued at $17,400,395.82. This trade represents a 21.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VNO. Danske Bank A S bought a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at $28,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Vornado Realty Trust by 512.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 718 shares during the last quarter. Essential Partners LLC increased its stake in Vornado Realty Trust by 186.9% in the 1st 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. Advisory Services Network LLC purchased a new stake in Vornado Realty Trust during the third quarter valued at $33,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of Vornado Realty Trust during the 4th quarter valued at about $36,000. Institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Price Performance

NYSE:VNO traded up $0.28 during trading hours on Tuesday, hitting $38.37. The stock had a trading volume of 1,085,735 shares, compared to its average volume of 1,579,701. The company has a 50 day simple moving average of $35.37 and a two-hundred day simple moving average of $31.65. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 1.93 and a beta of 1.53. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.14 and a quick ratio of 6.14. Vornado Realty Trust has a one year low of $24.57 and a one year high of $43.37.

Vornado Realty Trust (NYSE:VNO) last announced 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 net margin of 43.99% and a return on equity of 15.82%. The company had revenue of $459.11 million during the quarter, compared to analysts’ expectations of $431.71 million. During the same period in the prior year, the business earned $0.63 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Research analysts forecast that Vornado Realty Trust will post 2.34 earnings per share for the current fiscal year.

Vornado Realty Trust declared that its Board of Directors has authorized a share buyback plan on Wednesday, April 29th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the real estate investment trust to buy up to 5.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

About Vornado Realty Trust

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.