Vornado Realty Trust (NYSE:VNO) Issues Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Vornado Realty Trust (NYSE:VNO) announced its earnings results on Monday. The real estate investment trust reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.12, FiscalAI reports. The firm had revenue of $462.24 million for the quarter, compared to the consensus estimate of $454.46 million. Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.

Vornado Realty Trust Stock Up 1.6%

NYSE:VNO traded up $0.64 during trading hours on Monday, hitting $40.03. 1,457,660 shares of the company’s stock traded hands, compared to its average volume of 1,919,414. The stock’s fifty day moving average price is $37.92 and its two-hundred day moving average price is $32.27. The firm has a market cap of $7.53 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.98 and a beta of 1.53. The company has a debt-to-equity ratio of 1.54, a quick ratio of 6.14 and a current ratio of 6.14. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37.

Vornado Realty Trust declared that its Board of Directors has authorized a share repurchase plan on Wednesday, April 29th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy up to 5.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. bought 4,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were bought at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael D. Fascitelli sold 133,350 shares of the stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 9.00% of the company’s stock.

Institutional Trading of Vornado Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of VNO. Danske Bank A S acquired a new position in Vornado Realty Trust in the 3rd quarter worth about $28,000. Advisory Services Network LLC acquired a new position in Vornado Realty Trust in the third quarter worth approximately $33,000. Inspire Investing LLC bought a new position in Vornado Realty Trust during the fourth quarter valued at approximately $38,000. BOKF NA raised its position in Vornado Realty Trust by 1,257.1% during the third quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,056 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in Vornado Realty Trust in the third quarter valued at approximately $51,000. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VNO has been the subject of several recent analyst reports. Scotiabank increased their price objective 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. Mizuho lifted their price target on Vornado Realty Trust from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Truist Financial boosted their price objective on Vornado Realty Trust from $28.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Citigroup raised their target price on Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, 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. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.17.

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.