LADENBURG THALM/SH SH Begins Coverage on Vornado Realty Trust (NYSE:VNO)

Key Points

• LADENBURG THALM/SH SH has begun coverage on Vornado Realty Trust (NYSE:VNO), setting a "buy" rating and a price target of $48.00, suggesting a potential upside of 26.42%.
• Recent analyst ratings on Vornado have varied, with a consensus rating of "Hold" and an average price target of $39.42, while prices set by other firms have fluctuated between $40.00 and $46.00.
• Vornado Realty Trust reported earnings of $0.56 per share, beating expectations, but its revenue fell 2.0% year-over-year, totaling $441.44 million.

LADENBURG THALM/SH SH initiated coverage on shares of Vornado Realty Trust (NYSE:VNO - Get Free Report) in a report issued on Monday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $48.00 price target on the real estate investment trust's stock. LADENBURG THALM/SH SH's target price would suggest a potential upside of 26.42% from the stock's current price.

A number of other analysts also recently issued reports on VNO. Scotiabank cut their target price on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a research note on Thursday, August 28th. Truist Financial boosted their target price on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the company a "hold" rating in a report on Friday, September 12th. Weiss Ratings restated a "hold (c+)" rating on shares of Vornado Realty Trust in a report on Wednesday, October 8th. Evercore ISI upped their price objective on Vornado Realty Trust from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Finally, Mizuho cut their target price on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Monday, July 14th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $39.42.

Vornado Realty Trust Trading Down 3.9%

Shares of VNO opened at $37.97 on Monday. Vornado Realty Trust has a 52-week low of $29.68 and a 52-week high of $46.63. The stock has a market cap of $7.29 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 4.61 and a beta of 1.59. The firm's fifty day moving average is $39.32 and its two-hundred day moving average is $38.22. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40.

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

Insider Buying and Selling

In related news, EVP Haim Chera sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The shares were 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 owned by company insiders.

Institutional Investors Weigh In On Vornado Realty Trust

A number of large investors have recently modified their holdings of VNO. Perpetual Ltd lifted its position in Vornado Realty Trust by 11.3% during the 3rd quarter. Perpetual Ltd now owns 15,700 shares of the real estate investment trust's stock worth $636,000 after acquiring an additional 1,590 shares during the period. Texas Permanent School Fund Corp grew its position in Vornado Realty Trust by 7.7% in the 2nd quarter. Texas Permanent School Fund Corp now owns 118,505 shares of the real estate investment trust's stock valued at $4,532,000 after buying an additional 8,458 shares during the last quarter. Squarepoint Ops LLC increased its stake in Vornado Realty Trust by 0.9% in the 2nd quarter. Squarepoint Ops LLC now owns 73,497 shares of the real estate investment trust's stock valued at $2,811,000 after buying an additional 648 shares during the period. Thrivent Financial for Lutherans raised its position in Vornado Realty Trust by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 39,320 shares of the real estate investment trust's stock worth $1,504,000 after buying an additional 391 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Vornado Realty Trust in the 2nd quarter worth $265,000. 90.02% of the stock is owned by hedge funds and other institutional investors.

About Vornado Realty Trust

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

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