Vornado Realty Trust (NYSE:VNO) Price Target Cut to $43.00 by Analysts at Mizuho

Vornado Realty Trust (NYSE:VNO - Get Free Report) had its price target cut by investment analysts at Mizuho from $48.00 to $43.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Mizuho's price target indicates a potential upside of 11.01% from the company's current price.

Several other analysts have also weighed in on the company. Scotiabank lifted their price objective on Vornado Realty Trust from $42.00 to $45.00 and gave the stock a "sector perform" rating in a report on Monday. Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Truist Financial boosted their price target on Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Finally, Piper Sandler upped their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $38.09.

Vornado Realty Trust Stock Performance

Shares of VNO traded up $0.13 during mid-day trading on Monday, hitting $38.74. The company's stock had a trading volume of 950,541 shares, compared to its average volume of 1,420,842. The stock's 50-day moving average is $38.81 and its two-hundred day moving average is $38.78. The firm has a market capitalization of $7.44 billion, a PE ratio of 74.49, a price-to-earnings-growth ratio of 14.18 and a beta of 1.50. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.10 and a current ratio of 4.10. Vornado Realty Trust has a one year low of $26.19 and a one year high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. The firm had revenue of $461.58 million during the quarter, compared to the consensus estimate of $452.68 million. During the same period in the prior year, the firm earned $0.55 EPS. The business's revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Insider Activity at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the transaction, the executive vice president directly owned 30,000 shares in the company, valued at $1,139,400. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.42% of the company's stock.

Institutional Investors Weigh In On Vornado Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VNO. SG Americas Securities LLC bought a new position in Vornado Realty Trust during the 1st quarter worth about $2,151,000. Handelsbanken Fonder AB boosted its stake in shares of Vornado Realty Trust by 20.7% during the 1st quarter. Handelsbanken Fonder AB now owns 51,300 shares of the real estate investment trust's stock worth $1,898,000 after acquiring an additional 8,800 shares during the period. GAMMA Investing LLC increased its holdings in shares of Vornado Realty Trust by 18.2% during the 1st quarter. GAMMA Investing LLC now owns 5,636 shares of the real estate investment trust's stock worth $208,000 after acquiring an additional 868 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Vornado Realty Trust by 6.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 221,710 shares of the real estate investment trust's stock worth $9,321,000 after acquiring an additional 12,780 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in Vornado Realty Trust by 16.4% in 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 during the period. Institutional investors own 90.02% of the company's stock.

About Vornado Realty Trust

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