Vornado Realty Trust (NYSE:VNO) Price Target Raised to $44.00

Vornado Realty Trust (NYSE:VNO) had its price objective lifted by Piper Sandler from $42.00 to $44.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on VNO. Barclays lifted their target price on Vornado Realty Trust from $29.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Citigroup upped their price target on Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 8th. LADENBURG THALM/SH SH upped their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Mizuho raised their price objective on Vornado Realty Trust from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Finally, Scotiabank lifted their price objective on Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.33.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock opened at $39.55 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 5.24 and a quick 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 fifty day moving average price of $38.59 and a two-hundred day moving average price of $32.49. The company has a market cap of $7.38 billion, a PE ratio of 1,978.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.53.

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

Vornado Realty Trust declared that its board has approved a share repurchase program 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 repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. bought 4,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of $16.94 per share, with a total value of $67,760.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael D. Fascitelli sold 133,350 shares of the stock in a transaction dated 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 of the company’s stock, valued at $17,400,395.82. This trade represents a 21.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vornado Realty Trust

A number of institutional investors have recently added to or reduced their stakes in VNO. Royal Bank of Canada raised its holdings in shares of Vornado Realty Trust by 18.3% in the 1st quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock worth $1,017,000 after buying an additional 4,251 shares in the last quarter. AQR Capital Management LLC boosted its stake in Vornado Realty Trust by 18.7% in the 1st quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock valued at $1,903,000 after buying an additional 8,189 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Vornado Realty Trust by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock valued at $22,705,000 after buying an additional 112,956 shares in the last quarter. Marshall Wace LLP bought a new stake in Vornado Realty Trust in the second quarter valued at $763,000. Finally, California Public Employees Retirement System grew its position in Vornado Realty Trust by 9.6% in the second quarter. California Public Employees Retirement System now owns 365,237 shares of the real estate investment trust’s stock valued at $13,967,000 after acquiring an additional 32,028 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

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.