Vornado Realty Trust's (VNO) "Hold (C+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Vornado Realty Trust's stock received a "Hold (C+)" rating reaffirmed by Weiss Ratings, reflecting cautious outlook amid mixed analyst assessments.
• Evercore ISI upgraded its price target for Vornado from $44 to $46, while Barclays and Scotiabank lowered their targets to $33 and $40 respectively.
• Vornado reported earnings of $0.56 per share for the last quarter, exceeding expectations, but experienced a year-over-year revenue decline of 2.0%.

Vornado Realty Trust (NYSE:VNO - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently commented on VNO. Evercore ISI lifted their price objective on Vornado Realty Trust from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Barclays boosted their price target on Vornado Realty Trust from $32.00 to $33.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. Scotiabank reduced their price objective 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. Bank of America reduced their price objective 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. Finally, Mizuho reduced their price objective on Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Vornado Realty Trust has an average rating of "Hold" and an average price target of $38.64.

Vornado Realty Trust Trading Down 0.5%

Shares of NYSE:VNO traded down $0.22 during midday trading on Wednesday, reaching $40.34. The company's stock had a trading volume of 507,527 shares, compared to its average volume of 1,503,596. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 5.01 and a beta of 1.59. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40. Vornado Realty Trust has a 1 year low of $29.68 and a 1 year high of $46.63. The business has a 50 day moving average price of $39.26 and a 200 day moving average price of $38.22.

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 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $441.44 million during the quarter, compared to the consensus estimate of $468.79 million. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The business's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. Research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Insider Activity at Vornado Realty Trust

In related news, EVP Haim Chera sold 30,000 shares of the business's 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 8.42% of the company's stock.

Institutional Trading of Vornado Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Twin Tree Management LP increased its holdings 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 valued at $29,000 after buying an additional 38,585 shares during the last quarter. UMB Bank n.a. increased its holdings 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 valued at $48,000 after buying an additional 523 shares during the last quarter. Assetmark Inc. increased 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 valued at $68,000 after buying an additional 347 shares during the last quarter. Friedenthal Financial bought a new stake in Vornado Realty Trust in the first quarter valued at about $75,000. Finally, Fifth Third Bancorp increased its holdings in 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 valued at $82,000 after buying an additional 312 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

Vornado Realty Trust Company Profile

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.