Vornado Realty Trust (NYSE:VNO) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Vornado Realty Trust, with four sells, five holds and four buys among 13 brokerages. The average 12-month price target is $39.91, above the reported $34.91 share price.
• Institutional investors own approximately 90.02% of Vornado’s shares, with several firms increasing their positions during the second quarter.
• Vornado’s latest quarterly results were mixed: revenue rose 4.7% year over year to $462.24 million and exceeded estimates, but earnings of $0.08 per share fell well short of the $0.57 consensus forecast.

Shares of Vornado Realty Trust (NYSE:VNO - Get Free Report) have been given a consensus recommendation of "Hold" by the thirteen brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $39.9091.

Several research analysts have recently weighed in on VNO shares. BMO Capital Markets upped their target price on Vornado Realty Trust from $33.00 to $43.00 and gave the stock an "outperform" rating in a research note on Monday, June 15th. Citigroup boosted their target price on shares of Vornado Realty Trust from $34.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Weiss Ratings downgraded shares of Vornado Realty Trust from a "hold (c)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. Morgan Stanley lowered shares of Vornado Realty Trust from an "equal weight" rating to an "underweight" rating and set a $32.00 price target on the stock. in a research note on Wednesday, July 22nd. Finally, Truist Financial lifted their price objective on Vornado Realty Trust from $28.00 to $39.00 and gave the stock a "hold" rating in a report on Friday, June 26th.

Institutional Trading of Vornado Realty Trust

Large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its holdings in Vornado Realty Trust by 35.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,064 shares of the real estate investment trust's stock valued at $553,000 after purchasing an additional 3,688 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Vornado Realty Trust by 33.5% in the second quarter. Integrated Wealth Concepts LLC now owns 30,485 shares of the real estate investment trust's stock valued at $1,198,000 after buying an additional 7,643 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Vornado Realty Trust in the second quarter worth about $222,000. Squarepoint Ops LLC boosted its position in Vornado Realty Trust by 65.9% during the second quarter. Squarepoint Ops LLC now owns 133,928 shares of the real estate investment trust's stock worth $5,263,000 after acquiring an additional 53,208 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Vornado Realty Trust by 272.7% during the second quarter. Allworth Financial LP now owns 6,478 shares of the real estate investment trust's stock worth $255,000 after acquiring an additional 4,740 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Up 0.2%

VNO stock opened at $34.91 on Friday. Vornado Realty Trust has a one year low of $24.57 and a one year high of $42.17. The company has a debt-to-equity ratio of 1.56, a quick ratio of 5.24 and a current ratio of 5.24. The firm's fifty day moving average is $38.19 and its 200 day moving average is $33.88. The firm has a market cap of $6.52 billion, a PE ratio of 1,746.12, a P/E/G ratio of 1.58 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.49). The business had revenue of $462.24 million for the quarter, compared to analyst estimates of $454.46 million. Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. Vornado Realty Trust's revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. On average, research analysts forecast that Vornado Realty Trust will post 2.41 EPS for the current year.

About Vornado Realty Trust

Vornado Realty Trust is a publicly traded real estate investment trust that owns, manages and develops office, retail and mixed-use properties. The company's portfolio is concentrated in New York City, particularly in Manhattan, where it operates prominent office buildings and retail destinations in major commercial districts.

Vornado's activities include leasing office space to businesses, operating retail properties, managing building services and pursuing redevelopment opportunities.

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