Vornado Realty Trust (NYSE:VNO) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts collectively rate Vornado Realty Trust “Hold.” Of 13 analysts, four recommend selling, five recommend holding and four recommend buying; the average 12-month price target is $39.82.
• Vornado shares opened at $39.93, up 2.7%, and remain below their 52-week high of $43.37. The company’s latest quarterly earnings missed expectations, reporting $0.08 per share versus the $0.57 consensus estimate, although revenue rose 4.7% year over year.
• Institutional investors own approximately 90.02% of the stock, while insider activity was mixed: one director sold 133,350 shares and another purchased 4,000 shares. Vornado also authorized a $300 million share-repurchase program covering up to 5.4% of outstanding shares.

Vornado Realty Trust (NYSE:VNO - Get Free Report) has received an average recommendation of "Hold" from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $39.8182.

A number of research analysts have issued reports on VNO shares. Barclays increased their target price on shares of Vornado Realty Trust from $29.00 to $34.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. Truist Financial boosted their price target on Vornado Realty Trust from $28.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, June 26th. BMO Capital Markets boosted their price target on Vornado Realty Trust from $33.00 to $43.00 and gave the company an "outperform" rating in a research note on Monday, June 15th. LADENBURG THALM/SH SH increased their price target on Vornado Realty Trust from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Finally, Mizuho raised their price objective on Vornado Realty Trust from $34.00 to $42.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 21st.

Insider Buying and Selling at Vornado Realty Trust

In related news, Director Michael D. Fascitelli sold 133,350 shares of the firm's stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total value of $4,883,277.00. Following the transaction, the director owned 475,161 shares in the company, valued at approximately $17,400,395.82. This trade represents a 21.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the transaction, 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. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 9.00% of the company's stock.

Hedge Funds Weigh In On Vornado Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in Vornado Realty Trust in the fourth quarter valued at approximately $579,709,000. Franklin Resources Inc. lifted its stake in Vornado Realty Trust by 1.6% during the fourth quarter. Franklin Resources Inc. now owns 12,504,170 shares of the real estate investment trust's stock worth $416,139,000 after purchasing an additional 195,111 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Vornado Realty Trust by 21.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust's stock valued at $301,300,000 after purchasing an additional 1,598,643 shares in the last quarter. State Street Corp increased its stake 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 valued at $337,775,000 after purchasing an additional 39,767 shares during the last quarter. Finally, Resolution Capital Ltd increased 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 during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Up 2.7%

VNO opened at $39.93 on Wednesday. The stock has a fifty day moving average of $39.13 and a 200-day moving average of $33.08. The company has a market capitalization of $7.46 billion, a P/E ratio of 1,997.60, a P/E/G ratio of 1.80 and a beta of 1.53. Vornado Realty Trust has a fifty-two week low of $24.57 and a fifty-two week high of $43.37. The company has a debt-to-equity ratio of 1.56, a quick ratio of 5.24 and a current ratio of 5.24.

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 EPS 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 business had revenue of $462.24 million during the quarter, compared to analyst estimates of $454.46 million. During the same quarter last year, the company posted $0.56 earnings per share. The company's revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that Vornado Realty Trust will post 2.35 EPS for the current year.

Vornado Realty Trust announced that its board has authorized a share repurchase plan on Wednesday, April 29th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 5.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.

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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