Scotiabank Issues Positive Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Key Points

• Scotiabank raised its price target for Vornado Realty Trust from $40 to $41 while maintaining a “sector perform” rating, implying 11.78% upside from the prior close.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average target price of $39.91; ratings include four Buys, five Holds and four Sells.
• Vornado’s latest quarterly results were mixed: revenue reached $462.24 million, exceeding estimates, but adjusted EPS of $0.08 missed expectations of $0.57. Institutional investors own approximately 90.02% of the company’s stock.

Vornado Realty Trust (NYSE:VNO - Get Free Report) had its price objective increased by research analysts at Scotiabank from $40.00 to $41.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's target price suggests a potential upside of 11.78% from the stock's previous close.

A number of other analysts have also recently commented on VNO. Weiss Ratings cut Vornado Realty Trust from a "hold (c)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. Morgan Stanley cut Vornado Realty Trust from an "equal weight" rating to an "underweight" rating and set a $32.00 target price on the stock. in a report on Wednesday, July 22nd. Mizuho upped their price objective on shares of Vornado Realty Trust from $34.00 to $42.00 and gave the company an "outperform" rating in a report on Tuesday, July 21st. UBS Group lowered Vornado Realty Trust to an "underweight" rating in a research report on Wednesday, July 22nd. Finally, LADENBURG THALM/SH SH lifted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.91.

Vornado Realty Trust Stock Up 0.1%

Shares of NYSE:VNO traded up $0.03 during trading on Wednesday, reaching $36.68. The stock had a trading volume of 427,633 shares, compared to its average volume of 1,832,281. The company has a market capitalization of $6.85 billion, a P/E ratio of 1,837.57, a PEG ratio of 1.73 and a beta of 1.53. Vornado Realty Trust has a one year low of $24.57 and a one year high of $43.37. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.56. The firm's 50-day simple moving average is $39.18 and its 200 day simple moving average is $33.32.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.49). Vornado Realty Trust had a return on equity of 1.37% and a net margin of 3.71%.The firm had revenue of $462.24 million during the quarter, compared to analysts' expectations of $454.46 million. During the same period in the prior year, the firm posted $0.56 earnings per share. Vornado Realty Trust's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts expect that Vornado Realty Trust will post 2.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 133,350 shares of Vornado Realty Trust 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 transaction, the director owned 475,161 shares of the company's stock, valued at $17,400,395.82. The trade was a 21.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Russell B. Wight, Jr. bought 4,000 shares of the business's stock in a transaction dated Monday, June 8th. The stock was acquired at an average cost of $16.94 per share, for a total transaction of $67,760.00. Following the completion of the acquisition, the director directly owned 13,000 shares in the company, valued at approximately $220,220. This trade represents a 44.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 9.00% of the company's stock.

Hedge Funds Weigh In On Vornado Realty Trust

Large investors have recently modified their holdings of the business. Norges Bank acquired a new position in Vornado Realty Trust during the fourth quarter worth about $579,709,000. Franklin Resources Inc. lifted its holdings in shares of Vornado Realty Trust by 1.6% during 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 acquiring an additional 195,111 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Vornado Realty Trust by 21.4% during 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 purchasing an additional 1,598,643 shares during the period. State Street Corp raised its position in shares of 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 period. Finally, Resolution Capital Ltd lifted its stake in shares of Vornado Realty Trust by 34.1% in the 1st 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 in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

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.

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