Vornado Realty Trust (VNO) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts have a mixed, overall “Hold” view of Vornado Realty Trust: four rate it Buy, five Hold, and four Sell. The average 12-month price target is $38.91.
• Vornado reported a quarterly loss of $0.25 per share, missing the $0.64 consensus estimate; revenue of $467.66 million also came in below expectations, despite rising 3.1% year over year.
• EVP Haim Chera sold 90,000 shares for about $3.06 million, reducing his stake by 45%; insiders collectively own 9% of the company.

Vornado Realty Trust (NYSE:VNO - Get Free Report) has received an average rating of "Hold" from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $38.91.

VNO has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on Vornado Realty Trust from $44.00 to $37.00 and set a "neutral" rating for the company in a research report on Monday, October 12th. UBS Group cut shares of Vornado Realty Trust to an "underweight" rating in a research note on Wednesday, July 22nd. Citigroup lifted their target price on Vornado Realty Trust from $34.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Vornado Realty Trust in a research report on Monday, November 2nd. Finally, Barclays lifted their price objective on shares of Vornado Realty Trust from $29.00 to $34.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 21st.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock opened at $35.87 on Monday. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $41.60. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $6.71 billion, a P/E ratio of -123.68, a PEG ratio of 1.68 and a beta of 1.62. The stock's 50 day moving average is $34.61 and its 200 day moving average is $33.44.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.89). The firm had revenue of $467.66 million during the quarter, compared to the consensus estimate of $477.39 million. Vornado Realty Trust had a return on equity of 0.19% and a net margin of 0.50%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, equities research analysts predict that Vornado Realty Trust will post 2.47 earnings per share for the current fiscal year.

Insider Activity at Vornado Realty Trust

In related news, EVP Haim Chera sold 90,000 shares of the company's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $34.01, for a total transaction of $3,060,900.00. Following the transaction, the executive vice president directly owned 110,000 shares in the company, valued at approximately $3,741,100. This represents a 45.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.00% of the company's stock.

Hedge Funds Weigh In On Vornado Realty Trust

A number of large investors have recently bought and sold shares of the business. Aberdeen Group plc raised its holdings in shares of Vornado Realty Trust by 192.1% in the 3rd quarter. Aberdeen Group plc now owns 207,511 shares of the real estate investment trust's stock valued at $7,030,000 after purchasing an additional 136,465 shares in the last quarter. Aew Capital Management Inc. acquired a new stake in shares of Vornado Realty Trust in the third quarter worth $427,000. Maryland State Retirement & Pension System acquired a new stake in shares of Vornado Realty Trust in the third quarter worth $316,000. Illinois Municipal Retirement Fund purchased a new position in shares of Vornado Realty Trust during the third quarter worth $1,297,000. Finally, Kestra Investment Management LLC raised its holdings in shares of Vornado Realty Trust by 7.3% during the third quarter. Kestra Investment Management LLC now owns 37,851 shares of the real estate investment trust's stock worth $1,282,000 after purchasing an additional 2,583 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company's stock.

About Vornado Realty Trust

Vornado Realty Trust is a real estate investment trust focused primarily on owning, managing and redeveloping commercial properties. Its portfolio is concentrated in New York City, particularly Manhattan, and includes office buildings and retail properties.

The company has also held properties in other major U.S. markets, including Washington, DC, and San Francisco. Vornado's activities include leasing space to businesses and retailers, operating its properties, and pursuing redevelopment projects to update and reposition its real estate.

Vornado is led by Steven Roth, its chairman and chief executive officer.

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