Vornado Realty Trust (NYSE:VNO) Receives Average Rating of "Hold" from Brokerages

Key Points

• Vornado Realty Trust has received a consensus rating of "Hold" from twelve brokerages, with two sell recommendations, eight holds, and two buys.
• The average 1-year price target for Vornado shares is $38.64, while the stock currently opened at $40.97.
• Insider selling activity was noted, with EVP Haim Chera selling 30,000 shares at an average price of $39.64, totaling over $1.18 million.

Vornado Realty Trust (NYSE:VNO - Get Free Report) has received a consensus recommendation of "Hold" from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $38.6364.

Several equities research analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Bank of America decreased their price target on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Monday, August 25th. Truist Financial lifted their price target on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the company a "hold" rating in a report on Friday, September 12th. Barclays lifted their price target on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a report on Thursday, August 21st. Finally, Citigroup raised shares of Vornado Realty Trust from a "sell" rating to a "neutral" rating and lifted their price target for the company from $34.00 to $42.00 in a report on Friday, September 12th.

Insider Buying and Selling

In related news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $39.64, for a total transaction of $1,189,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vornado Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Twin Tree Management LP boosted its position in 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 worth $29,000 after buying an additional 38,585 shares during the period. UMB Bank n.a. boosted its position in Vornado Realty Trust by 67.7% during 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 during the period. Assetmark Inc. boosted its position in Vornado Realty Trust by 23.3% during 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 during the period. Friedenthal Financial acquired a new stake in Vornado Realty Trust during the 1st quarter worth approximately $75,000. Finally, Fifth Third Bancorp boosted its position in Vornado Realty Trust by 16.4% during 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 during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Price Performance

VNO stock opened at $40.97 on Friday. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $46.63. The firm has a market cap of $7.87 billion, a P/E ratio of 10.14, a P/E/G ratio of 4.98 and a beta of 1.59. The company's 50-day moving average price is $39.20 and its two-hundred day moving average price is $38.18.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $441.44 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. On average, analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

About Vornado Realty Trust

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

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