Vornado Realty Trust (NYSE:VNO) Given Average Rating of "Hold" by Brokerages

Key Points

• Vornado Realty Trust has a consensus rating of "Hold" from ten ratings firms, with an average target price set at $37.90.
• Insider activity saw EVP Haim Chera sell 30,000 shares at an average price of $39.64, with insiders owning 8.42% of the stock.
• The company's recent quarterly earnings of $0.56 EPS exceeded analysts' expectations, although revenue fell short of forecasts.

Shares of Vornado Realty Trust (NYSE:VNO - Get Free Report) have been assigned an average recommendation of "Hold" from the eleven analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $38.4545.

Several analysts have weighed in on VNO shares. Evercore ISI cut their target price on Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Barclays lifted their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a research note on Thursday, August 21st. Truist Financial lifted their target price on Vornado Realty Trust from $38.00 to $40.00 and gave the company a "hold" rating in a research note on Friday. Bank of America cut their target price on Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Monday, August 25th. Finally, Mizuho cut their target price on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th.

Insider Activity at Vornado Realty Trust

In other news, EVP Haim Chera sold 30,000 shares of the business's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 8.42% of the company's stock.

Institutional Trading of Vornado Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Twin Tree Management LP raised its stake in shares of Vornado Realty Trust by 102.1% in the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock worth $29,000 after buying an additional 38,585 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Vornado Realty Trust by 67.7% in the 1st quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock worth $48,000 after buying an additional 523 shares in the last quarter. Assetmark Inc. raised its stake in shares of Vornado Realty Trust by 23.3% in the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock worth $68,000 after buying an additional 347 shares in the last quarter. Friedenthal Financial bought a new stake in shares of Vornado Realty Trust in the 1st quarter worth $75,000. Finally, Fifth Third Bancorp raised its stake in shares of 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 worth $82,000 after buying an additional 312 shares in the last quarter. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Stock Performance

NYSE:VNO traded up $0.97 during midday trading on Wednesday, reaching $42.98. 1,637,117 shares of the company traded hands, compared to its average volume of 1,860,548. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.63. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 5.35 and a beta of 1.58. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82. The company has a fifty day moving average price of $38.47 and a 200 day moving average price of $37.93.

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

Vornado Realty Trust Company Profile

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