Brokerages Set Vornado Realty Trust (NYSE:VNO) Price Target at $39.17

Shares of Vornado Realty Trust (NYSE:VNO) have received an average rating of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $39.3333.

Several equities research analysts have issued reports on the stock. Mizuho lifted their target price on shares of Vornado Realty Trust from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Scotiabank raised their price target on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. LADENBURG THALM/SH SH boosted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Morgan Stanley cut shares of Vornado Realty Trust from an “equal weight” rating to an “underweight” rating and set a $32.00 price objective for the company. in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, May 28th.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $39.55 on Friday. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 1,978.54, a PEG ratio of 1.96 and a beta of 1.53. The stock has a 50-day moving average of $38.59 and a 200 day moving average of $32.49. The company has a current ratio of 5.24, a quick ratio of 6.14 and a debt-to-equity ratio of 1.56. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $454.46 million. During the same quarter last year, the business earned $0.56 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other news, Director Michael D. Fascitelli sold 133,350 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the transaction, the director owned 475,161 shares of the company’s stock, valued at approximately $17,400,395.82. The trade was a 21.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Russell B. Wight, Jr. acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was purchased 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 of the company’s stock, valued at $220,220. This trade represents a 44.44% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On Vornado Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Danske Bank A S purchased a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at approximately $28,000. Farmers & Merchants Investments Inc. grew its position in Vornado Realty Trust by 512.9% in the fourth 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 during the period. Essential Partners LLC increased its stake in Vornado Realty Trust by 186.9% during the first 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 during the last quarter. Advisory Services Network LLC purchased a new stake in Vornado Realty Trust in the third quarter valued at $33,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Vornado Realty Trust in the 4th quarter valued at $36,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.

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.