Vornado Realty Trust (NYSE:VNO - Free Report) had its price target raised by Scotiabank from $42.00 to $45.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust's stock.
A number of other equities research analysts also recently commented on VNO. Piper Sandler lifted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen upgraded Vornado Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Truist Financial increased their price objective on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $38.09.
Check Out Our Latest Report on VNO
Vornado Realty Trust Price Performance
Shares of VNO traded down $1.29 during mid-day trading on Monday, reaching $37.96. 1,001,586 shares of the company's stock were exchanged, compared to its average volume of 1,614,946. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.81. Vornado Realty Trust has a 52-week low of $26.19 and a 52-week high of $46.63. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 72.97, a PEG ratio of 14.08 and a beta of 1.50. The company has a 50-day simple moving average of $38.86 and a two-hundred day simple moving average of $38.76.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $461.58 million during the quarter, compared to analysts' expectations of $452.68 million. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, sell-side analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.
Insider Buying and Selling at Vornado Realty Trust
In related news, EVP Haim Chera sold 20,000 shares of the company's stock in a transaction on 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 directly owned 30,000 shares of the company's stock, valued at $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.42% of the company's stock.
Institutional Investors Weigh In On Vornado Realty Trust
Several hedge funds and other institutional investors have recently modified their holdings of VNO. Proficio Capital Partners LLC bought a new stake in Vornado Realty Trust in the fourth quarter valued at about $4,809,000. Raymond James Financial Inc. bought a new stake in shares of Vornado Realty Trust in the 4th quarter valued at approximately $11,357,000. Wealthfront Advisers LLC bought a new stake in shares of Vornado Realty Trust in the 4th quarter valued at approximately $302,000. Avantax Advisory Services Inc. raised its position in shares of Vornado Realty Trust by 61.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 15,581 shares of the real estate investment trust's stock valued at $655,000 after acquiring an additional 5,960 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Vornado Realty Trust by 0.8% during the fourth quarter. Swiss National Bank now owns 318,517 shares of the real estate investment trust's stock worth $13,390,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 90.02% of the company's stock.
About Vornado Realty Trust
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Vornado Realty Trust is a fully - integrated equity real estate investment trust.
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