Vornado Realty Trust (NYSE:VNO) Receives Average Recommendation of "Hold" from Analysts

Vornado Realty Trust (NYSE:VNO - Get Free Report) has been given an average rating of "Hold" by the eleven brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $37.91.

A number of equities research analysts recently weighed in on VNO shares. Morgan Stanley lifted their target price on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Barclays raised their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research report on Friday, March 14th. Piper Sandler boosted their price objective 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. Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Truist Financial lifted their price target on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd.

Insider Activity

In other news, EVP Haim Chera sold 20,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.98, for a total value of $759,600.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.42% of the company's stock.

Hedge Funds Weigh In On Vornado Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in Vornado Realty Trust during the first quarter worth about $1,175,000. Acadian Asset Management LLC bought a new stake in Vornado Realty Trust during the 1st quarter worth approximately $3,341,000. Bayforest Capital Ltd bought a new stake in Vornado Realty Trust during the 1st quarter worth approximately $294,000. Woodline Partners LP increased its holdings in Vornado Realty Trust by 214.9% during the 1st quarter. Woodline Partners LP now owns 599,874 shares of the real estate investment trust's stock valued at $22,189,000 after purchasing an additional 409,362 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Vornado Realty Trust by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust's stock valued at $22,705,000 after purchasing an additional 112,956 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Stock Performance

Shares of Vornado Realty Trust stock traded down $0.03 during trading on Friday, reaching $38.26. The company's stock had a trading volume of 1,780,463 shares, compared to its average volume of 1,602,937. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.10 and a current ratio of 4.10. The business's fifty day moving average price is $38.38 and its 200-day moving average price is $39.06. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 73.58, a price-to-earnings-growth ratio of 14.09 and a beta of 1.52. Vornado Realty Trust has a one year low of $25.36 and a one year high of $46.63.

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

Vornado Realty Trust Company Profile

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