Vornado Realty Trust (NYSE:VNO) Receives "Hold (C+)" Rating from Weiss Ratings

Key Points

• Vornado Realty Trust received a "Hold (C+)" rating from Weiss Ratings, while other analysts have varied opinions, with price target estimates ranging from $33.00 to $46.00.
• The stock is currently trading at $39.36, with a market cap of $7.56 billion and a P/E ratio of 9.74, indicating stable financial performance.
• Institutional investors hold 90.02% of Vornado Realty Trust's stock, underscoring strong confidence in the company's future prospects.

Vornado Realty Trust (NYSE:VNO - Get Free Report)'s stock had its "hold (c+)" rating reiterated by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

A number of other analysts have also recently commented on the company. Mizuho dropped their price target on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Monday, July 14th. Barclays boosted their target price on Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. Scotiabank lowered their price target on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a research report on Thursday, August 28th. Evercore ISI upped their price target on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Finally, Bank of America cut their price objective on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Monday, August 25th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.42.

Vornado Realty Trust Stock Up 0.1%

Vornado Realty Trust stock traded up $0.04 on Friday, hitting $39.36. 225,378 shares of the stock traded hands, compared to its average volume of 1,475,988. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $46.63. The firm has a market cap of $7.56 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 4.82 and a beta of 1.59. 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 business's fifty day simple moving average is $39.70 and its 200 day simple moving average is $38.42.

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

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.64, for a total value of $1,189,200.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.42% of the stock is currently owned by insiders.

Institutional Trading of Vornado Realty Trust

Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Vornado Realty Trust in the second quarter valued at $665,094,000. JPMorgan Chase & Co. lifted its position in Vornado Realty Trust by 88.1% in the second quarter. JPMorgan Chase & Co. now owns 5,004,461 shares of the real estate investment trust's stock worth $191,371,000 after buying an additional 2,344,037 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Vornado Realty Trust by 27,787.3% during the third quarter. Pacer Advisors Inc. now owns 1,489,737 shares of the real estate investment trust's stock worth $60,379,000 after buying an additional 1,484,395 shares during the period. Resolution Capital Ltd purchased a new stake in shares of Vornado Realty Trust in the second quarter valued at $49,565,000. Finally, Invesco Ltd. lifted its holdings in shares of Vornado Realty Trust by 34.0% in the 1st quarter. Invesco Ltd. now owns 4,203,184 shares of the real estate investment trust's stock worth $155,476,000 after acquiring an additional 1,067,284 shares during the last quarter. Institutional investors own 90.02% of the company's stock.

Vornado Realty Trust Company Profile

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

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