Vornado Realty Trust (NYSE:VNO) Stock Price Down 4.8% - Time to Sell?

Vornado Realty Trust (NYSE:VNO - Get Free Report)'s stock price traded down 4.8% on Tuesday . The company traded as low as $38.20 and last traded at $37.66. 484,972 shares were traded during trading, a decline of 69% from the average session volume of 1,583,085 shares. The stock had previously closed at $39.58.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VNO. Truist Financial increased their target price 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, June 3rd. Morgan Stanley increased their price target on Vornado Realty Trust from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, March 14th. Piper Sandler upped 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 note on Thursday, May 15th. Finally, Barclays boosted their price target on shares of Vornado Realty Trust from $31.00 to $32.00 and gave the stock an "underweight" rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $37.91.

Vornado Realty Trust Stock Performance

The company has a market capitalization of $7.34 billion, a PE ratio of 73.54, a price-to-earnings-growth ratio of 13.21 and a beta of 1.52. The stock's fifty day simple moving average is $38.20 and its 200-day simple moving average is $39.22. The company has a debt-to-equity ratio of 1.81, a quick ratio of 4.10 and a current ratio of 4.10.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued 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. Vornado Realty Trust had a return on equity of 3.83% and a net margin of 9.17%. The company had revenue of $461.58 million for the quarter, compared to analyst estimates of $452.68 million. During the same quarter in the prior year, the company posted $0.55 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Insiders Place Their Bets

In other 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 sale, the executive vice president now owns 30,000 shares in the company, valued at approximately $1,139,400. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vornado Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its position in shares of Vornado Realty Trust by 1.4% during the first quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust's stock worth $758,000 after purchasing an additional 282 shares in the last quarter. Assetmark Inc. grew its stake in shares of Vornado Realty Trust by 23.8% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 286 shares in the last quarter. Compound Planning Inc. grew its stake in shares of Vornado Realty Trust by 4.4% during the first quarter. Compound Planning Inc. now owns 7,341 shares of the real estate investment trust's stock valued at $272,000 after acquiring an additional 311 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Vornado Realty Trust by 16.4% in the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 312 shares in the last quarter. Finally, Norinchukin Bank The boosted its holdings in Vornado Realty Trust by 4.7% in the first quarter. Norinchukin Bank The now owns 7,664 shares of the real estate investment trust's stock valued at $283,000 after purchasing an additional 341 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

About Vornado Realty Trust

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