Analysts Set Vornado Realty Trust (NYSE:VNO) Price Target at $37.90

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 received a consensus recommendation of "Hold" from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Two research 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 12 month target price among analysts that have covered the stock in the last year is $38.4545.

VNO has been the topic of a number of analyst reports. Citigroup upgraded shares of Vornado Realty Trust from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $34.00 to $42.00 in a research report on Friday. Piper Sandler lifted their target price 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. Mizuho decreased their target price on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Monday, July 14th. Scotiabank decreased their target price on shares of Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 28th. Finally, Barclays lifted their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock traded up $0.97 on Wednesday, hitting $42.98. 1,637,117 shares of the company traded hands, compared to its average volume of 1,899,915. The firm's 50-day simple moving average is $38.47 and its 200 day simple moving average is $37.89. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.40. The company has a market cap of $8.25 billion, a P/E ratio of 10.64, a P/E/G ratio of 5.46 and a beta of 1.58. Vornado Realty Trust has a 12-month low of $29.68 and a 12-month high of $46.63.

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

Insider Transactions at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the firm's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vornado Realty Trust

Large investors have recently added to or reduced their stakes in the company. Twin Tree Management LP grew its holdings in 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 acquiring an additional 38,585 shares during the last quarter. UMB Bank n.a. grew its holdings in 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 acquiring an additional 523 shares during the last quarter. Assetmark Inc. grew its holdings in 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 acquiring an additional 347 shares during the last quarter. Friedenthal Financial bought a new stake in Vornado Realty Trust in the 1st quarter worth $75,000. Finally, Fifth Third Bancorp grew its holdings 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 worth $82,000 after acquiring an additional 312 shares during the last quarter. 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.