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

Key Points

• Vornado Realty Trust (NYSE:VNO) has received a consensus rating of "Hold" from ten analysts, with an average price target of $37.80.
• The company's stock reported earnings of $0.56 per share for the most recent quarter, surpassing analyst expectations, although revenue declined by 2% compared to the previous year.
• Insider trading activity showed that EVP Haim Chera sold 20,000 shares at an average price of $37.98, decreasing their ownership by 40%.

Shares of Vornado Realty Trust (NYSE:VNO - Get Free Report) have earned an average recommendation of "Hold" from the ten analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $37.80.

VNO has been the subject of several analyst reports. Piper Sandler upped their target price 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. Scotiabank upped their target price on Vornado Realty Trust from $42.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Monday, July 14th. Truist Financial upped their target price on Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Mizuho decreased their target price on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Monday, July 14th. Finally, Wall Street Zen raised Vornado Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.

Vornado Realty Trust Price Performance

VNO stock opened at $37.17 on Friday. The stock has a 50-day moving average price of $38.70 and a two-hundred day moving average price of $38.33. Vornado Realty Trust has a 12-month low of $29.68 and a 12-month high of $46.63. 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 $7.14 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 13.41 and a beta of 1.56.

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

Insider Buying and Selling

In related news, EVP Haim Chera sold 20,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.98, for a total value of $759,600.00. Following the completion of the transaction, the executive vice president owned 30,000 shares of the company's stock, valued at approximately $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 8.42% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Twin Tree Management LP lifted its stake in Vornado Realty Trust by 102.1% during the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 38,585 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Vornado Realty Trust by 67.7% during the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 523 shares during the period. Assetmark Inc. lifted its holdings in Vornado Realty Trust by 23.3% in the first 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 acquired a new stake in shares of Vornado Realty Trust during the 1st quarter worth approximately $75,000. Finally, Quarry LP raised its position in shares of Vornado Realty Trust by 55.4% during the 4th quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock worth $90,000 after purchasing an additional 761 shares during the period. 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.

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