Vornado Realty Trust (NYSE:VNO) Price Target Lowered to $43.00 at Mizuho

Vornado Realty Trust (NYSE:VNO - Get Free Report) had its price target reduced by equities researchers at Mizuho from $48.00 to $43.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Mizuho's price target would suggest a potential upside of 13.27% from the stock's previous close.

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

Vornado Realty Trust Stock Performance

Shares of VNO traded down $1.29 during midday trading on Monday, hitting $37.96. 1,001,586 shares of the stock traded hands, compared to its average volume of 1,614,946. The business's 50 day moving average price is $38.86 and its two-hundred day moving average price is $38.76. The firm has a market capitalization of $7.29 billion, a PE ratio of 72.97, a price-to-earnings-growth ratio of 14.08 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 1-year low of $26.19 and a 1-year high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released 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 return on equity of 3.83% and a net margin of 9.17%. The company had revenue of $461.58 million for the quarter, compared to analysts' expectations of $452.68 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the company'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 owned 30,000 shares of the company's stock, valued at approximately $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.42% of the company's stock.

Institutional Investors Weigh In On Vornado Realty Trust

Several large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its position in shares of Vornado Realty Trust by 1.9% during the second quarter. Public Employees Retirement System of Ohio now owns 292,665 shares of the real estate investment trust's stock worth $11,192,000 after purchasing an additional 5,336 shares during the period. Bfsg LLC increased its stake in Vornado Realty Trust by 14.4% in the 2nd quarter. Bfsg LLC now owns 4,756 shares of the real estate investment trust's stock worth $182,000 after purchasing an additional 600 shares in the last quarter. GAMMA Investing LLC raised its holdings in Vornado Realty Trust by 12.5% during the 2nd quarter. GAMMA Investing LLC now owns 6,342 shares of the real estate investment trust's stock worth $243,000 after buying an additional 706 shares during the period. Park Avenue Securities LLC purchased a new stake in Vornado Realty Trust during the second quarter valued at about $403,000. Finally, Sowell Financial Services LLC acquired a new position in shares of Vornado Realty Trust in the second quarter worth about $207,000. 90.02% of the stock is owned by institutional investors.

About Vornado Realty Trust

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