Analysts Set Vornado Realty Trust (NYSE:VNO) PT at $38.09

Shares of Vornado Realty Trust (NYSE:VNO - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $37.91.

VNO has been the topic of a number of recent research reports. Truist Financial boosted 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. The Goldman Sachs Group increased their target price on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, February 25th. Piper Sandler raised their price objective 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. Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Compass Point lifted their price objective on Vornado Realty Trust from $40.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th.

Vornado Realty Trust Trading Up 0.1%

VNO stock traded up $0.03 during trading on Monday, reaching $39.12. 1,069,177 shares of the stock were exchanged, compared to its average volume of 1,601,653. Vornado Realty Trust has a 1 year low of $23.50 and a 1 year high of $46.63. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 977.98, a P/E/G ratio of 9.69 and a beta of 1.47. The business has a 50 day moving average price of $36.47 and a 200-day moving average price of $39.54.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $461.58 million for the quarter, compared to the consensus estimate of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. The business's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. On average, research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Insider Activity at Vornado Realty Trust

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the transaction, the executive vice president now owns 30,000 shares of the company's stock, valued at $1,139,400. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.42% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of Vornado Realty Trust by 61.6% in the 4th quarter. Blue Trust Inc. now owns 1,776 shares of the real estate investment trust's stock valued at $70,000 after acquiring an additional 677 shares during the period. Pacer Advisors Inc. increased its stake in Vornado Realty Trust by 3.7% during the fourth quarter. Pacer Advisors Inc. now owns 35,039 shares of the real estate investment trust's stock valued at $1,473,000 after purchasing an additional 1,246 shares during the last quarter. Caprock Group LLC bought a new position in Vornado Realty Trust during the 4th quarter worth $240,000. abrdn plc grew its position in Vornado Realty Trust by 58.4% in the 4th quarter. abrdn plc now owns 55,153 shares of the real estate investment trust's stock worth $2,282,000 after purchasing an additional 20,341 shares during the last quarter. Finally, Vanderbilt University grew its stake in shares of Vornado Realty Trust by 47.6% in the fourth quarter. Vanderbilt University now owns 23,589 shares of the real estate investment trust's stock worth $992,000 after purchasing an additional 7,602 shares in the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust Company Profile

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