Vornado Realty Trust (NYSE:VNO) Receives $39.42 Consensus Price Target from Analysts

Shares of Vornado Realty Trust (NYSE:VNO) have been given an average rating of “Hold” by the thirteen analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $39.4167.

Several research firms have issued reports on VNO. Truist Financial raised their price target on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, September 12th. Barclays lifted their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Vornado Realty Trust in a research report on Wednesday, October 8th. Mizuho lowered their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Monday, July 14th. Finally, Bank of America lowered their target price on Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, August 25th.

Vornado Realty Trust Price Performance

Shares of VNO opened at $37.76 on Thursday. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 4.57 and a beta of 1.59. The business has a 50-day moving average of $39.87 and a 200-day moving average of $38.75.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VNO. Teacher Retirement System of Texas acquired a new stake in shares of Vornado Realty Trust in the 1st quarter worth about $876,000. GAMMA Investing LLC raised its stake in shares of Vornado Realty Trust by 18.2% in the first quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 868 shares during the last quarter. US Bancorp DE raised its stake in shares of Vornado Realty Trust by 1.3% in the second quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock worth $786,000 after purchasing an additional 259 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Vornado Realty Trust in the first quarter worth approximately $3,341,000. Finally, Victory Capital Management Inc. raised its stake in shares of Vornado Realty Trust by 208.8% in the first quarter. Victory Capital Management Inc. now owns 101,054 shares of the real estate investment trust’s stock worth $3,738,000 after purchasing an additional 68,324 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Company Profile

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