Vornado Realty Trust (NYSE:VNO) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist Financial has raised its target price for Vornado Realty Trust from $38.00 to $40.00, maintaining a "hold" rating, though this indicates a potential downside from the current stock price.
• Vornado Realty Trust reported a net margin of 48.49% and a revenue of $441.44 million for the latest quarter, although this was less than analyst expectations.
• The company's stock has experienced mixed ratings from analysts, with two buy ratings, seven hold ratings, and two sell ratings, reflecting varied investor sentiment.

Vornado Realty Trust (NYSE:VNO - Get Free Report) had its price objective increased by Truist Financial from $38.00 to $40.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price objective indicates a potential downside of 5.32% from the stock's previous close.

Other analysts have also issued reports about the company. Bank of America cut their price target on Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Monday, August 25th. Scotiabank cut their price target on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 28th. Mizuho decreased their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Barclays upped their price objective on Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a research note on Thursday, August 21st. Finally, Citigroup upgraded Vornado Realty Trust from a "sell" rating to a "neutral" rating and increased their price target for the stock from $34.00 to $42.00 in a research note on Friday, September 12th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $38.64.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock traded up $0.06 during mid-day trading on Friday, hitting $42.25. 1,061,164 shares of the company's stock traded hands, compared to its average volume of 1,502,857. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 5.34 and a beta of 1.58. The firm has a 50 day simple moving average of $38.65 and a two-hundred day simple moving average of $37.92.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations of $468.79 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. The business's revenue for the quarter was down 2.0% on a year-over-year basis. On average, research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insider Transactions at Vornado Realty Trust

In related news, EVP Haim Chera sold 30,000 shares of the stock in a transaction that occurred on 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 at the SEC website. 8.42% of the stock is currently owned by company insiders.

Institutional Trading of Vornado Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of VNO. Twin Tree Management LP grew its stake 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 valued at $29,000 after purchasing an additional 38,585 shares during the last quarter. UMB Bank n.a. grew its stake 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 valued at $48,000 after purchasing an additional 523 shares during the last quarter. Assetmark Inc. grew its stake 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 valued at $68,000 after purchasing an additional 347 shares during the last quarter. Friedenthal Financial purchased a new stake in Vornado Realty Trust during the 1st quarter valued at about $75,000. Finally, Fifth Third Bancorp grew its stake 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 valued at $82,000 after purchasing an additional 312 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.