Analysts Set Vornado Realty Trust (NYSE:VNO) PT at $39.82

Vornado Realty Trust (NYSE:VNO) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.8182.

VNO has been the topic of several research analyst reports. Weiss Ratings cut Vornado Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. 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 report on Monday, June 15th. JPMorgan Chase & Co. boosted their price target on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Scotiabank upped their price target on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Finally, LADENBURG THALM/SH SH raised their price objective on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th.

Vornado Realty Trust Price Performance

Shares of NYSE VNO opened at $38.18 on Wednesday. The stock has a market cap of $7.13 billion, a P/E ratio of 1,909.95, a P/E/G ratio of 1.79 and a beta of 1.53. The firm’s 50-day simple moving average is $39.20 and its 200 day simple moving average is $33.22. Vornado Realty Trust has a fifty-two week low of $24.57 and a fifty-two week high of $43.37. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.56.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, August 3rd. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.49). The company had revenue of $462.24 million for 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%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. Equities analysts expect that Vornado Realty Trust will post 2.35 EPS for the current year.

Insider Buying and Selling at Vornado Realty Trust

In related 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 bought at an average cost of $16.94 per share, with a total value of $67,760.00. Following the completion of the transaction, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael D. Fascitelli sold 133,350 shares of the business’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 transaction of $4,883,277.00. Following the sale, the director owned 475,161 shares in the company, valued at $17,400,395.82. This represents a 21.91% decrease in their position. The disclosure for this sale is available in the SEC filing. 9.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vornado Realty Trust

Institutional investors have recently bought and sold shares of the business. Danske Bank A S purchased a new position in shares of Vornado Realty Trust during the 3rd quarter valued at $28,000. Farmers & Merchants Investments Inc. boosted its position in Vornado Realty Trust by 512.9% during the fourth 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 during the last quarter. Essential Partners LLC boosted its position in 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 valued at $31,000 after purchasing an additional 770 shares during the last quarter. Advisory Services Network LLC purchased a new position in Vornado Realty Trust in the third quarter valued at about $33,000. Finally, Employees Retirement System of Texas acquired a new position in Vornado Realty Trust in the 4th quarter worth about $36,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.

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.