Vornado Realty Trust (NYSE:VNO) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Vornado Realty Trust shares rose above their 200-day moving average, trading near $38.87 versus the $33.01 average, signaling improved technical momentum.
• Analyst sentiment remains mixed, with four Buy, five Hold, and four Sell ratings; the consensus rating is Hold with a price target of $39.82, roughly in line with the current share price.
• Vornado missed quarterly earnings expectations, reporting $0.08 per share versus the $0.57 consensus estimate, although revenue increased 4.7% year over year. The company also authorized a $300 million share-repurchase program, covering up to 5.4% of outstanding shares.

Vornado Realty Trust (NYSE:VNO - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.01 and traded as high as $39.09. Vornado Realty Trust shares last traded at $38.8650, with a volume of 862,813 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VNO. Weiss Ratings downgraded Vornado Realty Trust from a "hold (c)" rating to a "sell (d+)" rating in a research note on Tuesday, August 4th. Truist Financial raised their target price on Vornado Realty Trust from $28.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, June 26th. UBS Group lowered Vornado Realty Trust to an "underweight" rating in a report on Wednesday, July 22nd. Piper Sandler boosted their price target on shares of Vornado Realty Trust from $42.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Finally, Mizuho upped their price target on shares of Vornado Realty Trust from $34.00 to $42.00 and gave the company an "outperform" rating in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $39.82.

Vornado Realty Trust Stock Performance

The company has a debt-to-equity ratio of 1.56, a current ratio of 5.24 and a quick ratio of 5.24. The firm has a market capitalization of $7.26 billion, a PE ratio of 1,944.22, a P/E/G ratio of 1.75 and a beta of 1.53. The firm has a fifty day moving average price of $39.09 and a 200 day moving average price of $33.01.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.49). The company had revenue of $462.24 million during the quarter, compared to analysts' expectations of $454.46 million. Vornado Realty Trust had a return on equity of 1.37% and a net margin of 3.71%.The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 EPS. Research analysts anticipate that Vornado Realty Trust will post 2.35 earnings per share for the current fiscal year.

Vornado Realty Trust declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 29th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at Vornado Realty Trust

In other news, Director Russell B. Wight, Jr. bought 4,000 shares of the company's stock in a transaction dated Monday, June 8th. The shares were acquired at an average cost of $16.94 per share, with a total value of $67,760.00. Following the completion of the transaction, the director directly owned 13,000 shares in the company, valued at approximately $220,220. The trade was a 44.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael D. Fascitelli sold 133,350 shares of the business's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the sale, the director owned 475,161 shares in the company, valued at $17,400,395.82. This represents a 21.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 9.00% of the company's stock.

Hedge Funds Weigh In On Vornado Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of Vornado Realty Trust by 4.8% in the fourth quarter. Farther Finance Advisors LLC now owns 7,706 shares of the real estate investment trust's stock valued at $256,000 after purchasing an additional 351 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Vornado Realty Trust by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 39,320 shares of the real estate investment trust's stock valued at $1,504,000 after buying an additional 391 shares in the last quarter. State of Michigan Retirement System raised its position in Vornado Realty Trust by 1.0% during the first quarter. State of Michigan Retirement System now owns 38,500 shares of the real estate investment trust's stock valued at $1,001,000 after buying an additional 400 shares during the period. Brown Brothers Harriman & Co. raised its position in Vornado Realty Trust by 15.5% during the third quarter. Brown Brothers Harriman & Co. now owns 2,976 shares of the real estate investment trust's stock valued at $121,000 after buying an additional 400 shares during the period. Finally, First National Bank Sioux Falls lifted its stake in Vornado Realty Trust by 3.2% in the 4th quarter. First National Bank Sioux Falls now owns 16,210 shares of the real estate investment trust's stock worth $539,000 after acquiring an additional 500 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado's business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company's core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source