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 target price boosted by Truist Financial from $38.00 to $40.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price objective suggests a potential downside of 4.85% from the stock's previous close.

VNO has been the subject of several other reports. Bank of America decreased their price objective on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Monday, August 25th. Barclays upped their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an "underweight" rating in a report on Thursday, August 21st. 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 report on Friday, May 23rd. Evercore ISI decreased their price objective on shares of Vornado Realty Trust from $45.00 to $44.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. Finally, Mizuho decreased their price objective on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $38.45.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock opened at $42.04 on Friday. Vornado Realty Trust has a 52-week low of $29.68 and a 52-week high of $46.63. The stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 5.15 and a beta of 1.58. The company has a fifty day moving average of $38.36 and a 200-day moving average of $37.90. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings data 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 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 analysts' expectations of $468.79 million. During the same quarter in the prior year, the company earned $0.57 EPS. The firm's revenue was down 2.0% on a year-over-year basis. Equities research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Insiders Place Their Bets

In other Vornado Realty Trust 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 sale was disclosed in a filing with the SEC, which is accessible through this link. 8.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vornado Realty Trust

Several large investors have recently bought and sold shares of VNO. Twin Tree Management LP increased its position in Vornado Realty Trust by 102.1% in 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. increased its position in Vornado Realty Trust by 67.7% in 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 last quarter. Assetmark Inc. increased its position 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 purchasing an additional 347 shares during the last quarter. Friedenthal Financial bought a new position in Vornado Realty Trust during the first quarter valued at $75,000. Finally, Fifth Third Bancorp increased its position in Vornado Realty Trust by 16.4% during the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after acquiring 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.

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