Vornado Realty Trust (NYSE:VNO) Given Consensus Rating of “Reduce” by Analysts

Shares of Vornado Realty Trust (NYSE:VNO) have earned an average rating of “Reduce” from the ten research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $27.20.

A number of equities analysts have weighed in on VNO shares. Piper Sandler upgraded shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $22.00 to $30.00 in a research report on Thursday, August 8th. Compass Point upped their price target on shares of Vornado Realty Trust from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Evercore ISI lifted their price objective on Vornado Realty Trust from $24.00 to $31.00 and gave the stock an “underperform” rating in a report on Wednesday, August 7th. StockNews.com raised Vornado Realty Trust to a “sell” rating in a report on Saturday, July 20th. Finally, Barclays lowered their price target on Vornado Realty Trust from $22.00 to $21.00 and set an “underweight” rating on the stock in a research note on Friday, May 24th.

Vornado Realty Trust Trading Down 2.3 %

Shares of Vornado Realty Trust stock opened at $30.27 on Tuesday. The firm has a 50-day simple moving average of $27.25 and a two-hundred day simple moving average of $26.48. The company has a debt-to-equity ratio of 1.78, a quick ratio of 5.21 and a current ratio of 5.21. Vornado Realty Trust has a fifty-two week low of $18.36 and a fifty-two week high of $32.21. The company has a market cap of $5.77 billion, a P/E ratio of 201.81 and a beta of 1.64.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The business had revenue of $450.27 million for the quarter, compared to analysts’ expectations of $439.28 million. During the same quarter in the prior year, the company posted $0.72 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities analysts predict that Vornado Realty Trust will post 2.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $28.19, for a total value of $56,380.00. Following the completion of the sale, the director now directly owns 3,034 shares of the company’s stock, valued at approximately $85,528.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Vornado Realty Trust

Several hedge funds have recently made changes to their positions in VNO. Envestnet Portfolio Solutions Inc. lifted its holdings in Vornado Realty Trust by 3.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,660 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 386 shares during the last quarter. First National Bank Sioux Falls lifted its stake in shares of Vornado Realty Trust by 3.3% in the 1st quarter. First National Bank Sioux Falls now owns 15,311 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 496 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Vornado Realty Trust by 5.3% during the 4th quarter. Metis Global Partners LLC now owns 9,886 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 499 shares during the period. Retirement Systems of Alabama increased its position in shares of Vornado Realty Trust by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 200,756 shares of the real estate investment trust’s stock worth $5,776,000 after purchasing an additional 527 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Vornado Realty Trust by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 101,565 shares of the real estate investment trust’s stock worth $2,921,000 after purchasing an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.