Vornado Realty Trust (NYSE:VNO) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Vornado Realty Trust (NYSE:VNO) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $33.01 and traded as high as $39.09. Vornado Realty Trust shares last traded at $38.8650, with a volume of 862,813 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays boosted their price objective 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. JPMorgan Chase & Co. lifted their price target on Vornado Realty Trust from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. 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 research report on Wednesday, June 10th. UBS Group cut Vornado Realty Trust to an “underweight” rating in a research note on Wednesday, July 22nd. Finally, Citigroup upped their price objective on shares of Vornado Realty Trust from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.82.

Vornado Realty Trust Stock Down 1.3%

The firm has a fifty day moving average price of $39.13 and a 200 day moving average price of $33.08. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 1,971.49, a P/E/G ratio of 1.80 and a beta of 1.53. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.56.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.49). Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. The firm had revenue of $462.24 million for the quarter, compared to analyst estimates of $454.46 million. During the same quarter in the prior year, the firm posted $0.56 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Vornado Realty Trust will post 2.35 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other news, Director Russell B. Wight, Jr. bought 4,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were bought at an average price of $16.94 per share, with a total value of $67,760.00. Following the completion of the transaction, the director owned 13,000 shares of the company’s stock, valued at $220,220. This trade represents a 44.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael D. Fascitelli sold 133,350 shares of the company’s 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 sale, the director directly owned 475,161 shares of the company’s stock, valued at $17,400,395.82. This represents a 21.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 9.00% of the company’s stock.

Institutional Investors Weigh In On Vornado Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in Vornado Realty Trust in the 4th quarter valued at $579,709,000. Franklin Resources Inc. lifted its holdings in Vornado Realty Trust by 1.6% in the 4th quarter. Franklin Resources Inc. now owns 12,504,170 shares of the real estate investment trust’s stock worth $416,139,000 after buying an additional 195,111 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Vornado Realty Trust by 21.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust’s stock worth $301,300,000 after acquiring an additional 1,598,643 shares in the last quarter. State Street Corp raised its position in Vornado Realty Trust by 0.5% in the 2nd quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust’s stock worth $337,775,000 after buying an additional 39,767 shares during the last quarter. Finally, Resolution Capital Ltd lifted its position in Vornado Realty Trust by 34.1% during the first quarter. Resolution Capital Ltd now owns 7,459,981 shares of the real estate investment trust’s stock valued at $193,885,000 after purchasing an additional 1,895,846 shares during the period. Institutional investors own 90.02% of the company’s stock.

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.