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

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 price target upped by analysts at Evercore ISI from $44.00 to $46.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's target price indicates a potential upside of 10.98% from the company's current price.

A number of other brokerages also recently issued reports on VNO. Bank of America lowered their price objective on Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Monday, August 25th. Piper Sandler increased their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Citigroup upgraded Vornado Realty Trust from a "sell" rating to a "neutral" rating and raised their price target for the company from $34.00 to $42.00 in a research report on Friday, September 12th. Barclays raised their price target on Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. Finally, Truist Financial raised their price target on Vornado Realty Trust from $38.00 to $40.00 and gave the company a "hold" rating in a research report on Friday, September 12th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $38.64.

Vornado Realty Trust Stock Performance

Shares of NYSE:VNO traded down $0.47 during trading on Monday, hitting $41.45. 752,070 shares of the company were exchanged, compared to its average volume of 1,503,067. The company has a market cap of $7.96 billion, a PE ratio of 10.24, a P/E/G ratio of 5.23 and a beta of 1.58. The stock has a 50 day moving average of $38.79 and a 200 day moving average of $37.96. Vornado Realty Trust has a 52-week low of $29.68 and a 52-week high of $46.63. 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 issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The company had revenue of $441.44 million for the quarter, compared to the consensus estimate of $468.79 million. During the same quarter last year, the business posted $0.57 earnings per share. The firm's revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Insider Activity

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 value of $1,189,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.42% of the stock is owned by insiders.

Institutional Trading of Vornado Realty Trust

Large investors have recently modified their holdings of the business. Twin Tree Management LP grew its stake in shares of Vornado Realty Trust by 102.1% in 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 during the last quarter. UMB Bank n.a. boosted its position in Vornado Realty Trust by 67.7% during 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 acquiring an additional 523 shares in the last quarter. Assetmark Inc. boosted its position in Vornado Realty Trust by 23.3% during the 1st 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 bought a new stake in Vornado Realty Trust during the 1st quarter valued at approximately $75,000. Finally, Fifth Third Bancorp boosted its position in Vornado Realty Trust by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 312 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Company Profile

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