Truist Financial Issues Positive Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO - Get Free Report) had its price objective increased by investment analysts at Truist Financial from $37.00 to $38.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price objective indicates a potential downside of 2.91% from the stock's previous close.

A number of other research analysts have also recently issued reports on VNO. Morgan Stanley lifted their price objective on Vornado Realty Trust from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. Piper Sandler lifted their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Compass Point boosted their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Barclays lifted their price objective on Vornado Realty Trust from $31.00 to $32.00 and gave the company an "underweight" rating in a report on Friday, March 14th. Finally, The Goldman Sachs Group lifted their price objective on Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $37.91.

Vornado Realty Trust Stock Up 0.9%

Shares of NYSE VNO traded up $0.33 during mid-day trading on Tuesday, reaching $39.14. 1,042,212 shares of the company traded hands, compared to its average volume of 1,602,739. The stock has a market cap of $7.51 billion, a PE ratio of 978.50, a price-to-earnings-growth ratio of 9.69 and a beta of 1.47. The company's fifty day moving average is $36.43 and its two-hundred day moving average is $39.55. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. Vornado Realty Trust has a fifty-two week low of $23.50 and a fifty-two week high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. Vornado Realty Trust's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. On average, analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Haim Chera sold 20,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $37.98, for a total transaction of $759,600.00. Following the transaction, the executive vice president now directly owns 30,000 shares of the company's stock, valued at approximately $1,139,400. The trade was a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.42% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Twin Tree Management LP lifted its position in shares of Vornado Realty Trust by 102.1% during the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 38,585 shares during the period. UMB Bank n.a. raised its position in Vornado Realty Trust by 67.7% in the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 523 shares during the last quarter. FIL Ltd bought a new position in Vornado Realty Trust in the fourth quarter valued at about $49,000. Assetmark Inc. increased its stake in shares of Vornado Realty Trust by 23.8% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 286 shares during the period. Finally, Blue Trust Inc. grew its stake in Vornado Realty Trust by 61.6% during the fourth quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 677 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

About Vornado Realty Trust

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