BMO Capital Markets Issues Positive Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price objective boosted by analysts at BMO Capital Markets from $33.00 to $43.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. BMO Capital Markets’ target price would suggest a potential upside of 11.05% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Truist Financial lowered their price target on shares of Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating for the company in a report on Tuesday, March 31st. Weiss Ratings raised shares of Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Scotiabank raised their price target on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, May 21st. Citigroup raised their price target on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, LADENBURG THALM/SH SH raised their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust currently has an average rating of “Hold” and an average target price of $35.00.

Vornado Realty Trust Trading Up 1.2%

Shares of Vornado Realty Trust stock traded up $0.45 during trading hours on Monday, hitting $38.72. The company’s stock had a trading volume of 220,750 shares, compared to its average volume of 1,970,341. The business has a fifty day moving average of $31.12 and a 200 day moving average of $31.16. The company has a market capitalization of $7.28 billion, a PE ratio of 10.64, a P/E/G ratio of 1.93 and a beta of 1.56. Vornado Realty Trust has a 1-year low of $24.57 and a 1-year high of $43.37. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54.

Vornado Realty Trust (NYSE:VNO) last released its quarterly 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). The firm had revenue of $459.11 million for the quarter, compared to analyst estimates of $431.72 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. Vornado Realty Trust’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 earnings per share. As a group, equities analysts forecast that Vornado Realty Trust will post 2.34 EPS for the current year.

Vornado Realty Trust declared that its Board of Directors has authorized a stock buyback program on Wednesday, April 29th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Russell B. Wight, Jr. acquired 4,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was bought at an average cost of $16.94 per share, with a total value of $67,760.00. Following the acquisition, the director directly owned 13,000 shares in the company, valued at approximately $220,220. The trade was a 44.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VNO. Danske Bank A S acquired a new position in Vornado Realty Trust during the 3rd quarter worth $28,000. Farmers & Merchants Investments Inc. grew its holdings in Vornado Realty Trust by 512.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 718 shares in the last quarter. Essential Partners LLC grew its holdings in Vornado Realty Trust by 186.9% during 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 in the last quarter. Advisory Services Network LLC bought a new position in shares of Vornado Realty Trust in the 3rd quarter worth about $33,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at about $36,000. 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.