Evercore ISI Increases Vornado Realty Trust (NYSE:VNO) Price Target to $46.00

Key Points

• Evercore ISI has raised its price target for Vornado Realty Trust from $44.00 to $46.00, suggesting a potential upside of 8.10% from the last closing price.
• The stock holds an average rating of "Hold" from analysts, with a current market target of $38.64, while two analysts rate it as a Buy and two as a Sell.
• Vornado Realty Trust recently reported earnings of $0.56 EPS, surpassing analysts' expectations, even though revenues declined by 2% year-over-year.

Vornado Realty Trust (NYSE:VNO - Get Free Report) had its target price hoisted by Evercore ISI from $44.00 to $46.00 in a report released on Monday,Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's price target indicates a potential upside of 8.10% from the company's previous close.

A number of other research analysts have also recently weighed in on VNO. Bank of America dropped their price objective on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a research note on Monday, August 25th. Barclays boosted their price target on Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. Mizuho reduced their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Monday, July 14th. Truist Financial lifted their price objective on Vornado Realty Trust from $38.00 to $40.00 and gave the stock a "hold" rating in a research report on Friday. Finally, Scotiabank reduced their target price on shares of Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating on the stock in a report on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $38.64.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock traded down $0.42 during trading hours on Monday, hitting $42.55. The stock had a trading volume of 191,614 shares, compared to its average volume of 1,489,067. Vornado Realty Trust has a 1-year low of $29.68 and a 1-year high of $46.63. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 5.46 and a beta of 1.58. The stock's fifty day moving average is $38.47 and its two-hundred day moving average is $37.89. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $441.44 million during the quarter, compared to the consensus estimate of $468.79 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The business's revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 EPS. As a group, analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Insider Activity at Vornado Realty Trust

In related news, EVP Haim Chera sold 30,000 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total transaction of $1,189,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.42% of the stock is currently owned by corporate insiders.

Institutional Trading of Vornado Realty Trust

Large investors have recently bought and sold shares of the company. Twin Tree Management LP lifted its position in shares of Vornado Realty Trust by 102.1% during the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 38,585 shares in the last quarter. UMB Bank n.a. boosted its position in Vornado Realty Trust by 67.7% in the 1st quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 523 shares during the last quarter. Assetmark Inc. grew its stake in shares of Vornado Realty Trust by 23.3% during the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock valued at $68,000 after acquiring an additional 347 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Vornado Realty Trust during the first quarter worth about $75,000. Finally, Fifth Third Bancorp lifted its stake in shares of Vornado Realty Trust by 16.4% in the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 312 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company's stock.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully - integrated equity real estate investment trust.

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