Vornado Realty Trust (NYSE:VNO) Receives Average Recommendation of “Hold” from Analysts

Vornado Realty Trust (NYSE:VNO) has received a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $38.00.

A number of brokerages have recently commented on VNO. Barclays lifted 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. Morgan Stanley lifted their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, March 14th. Piper Sandler lowered their target price on Vornado Realty Trust from $44.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. StockNews.com upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, The Goldman Sachs Group lifted their price target on shares of Vornado Realty Trust from $27.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, February 25th.

Institutional Trading of Vornado Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. lifted its stake in Vornado Realty Trust by 53.2% during the 4th quarter. UMB Bank n.a. now owns 772 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 268 shares during the period. Signaturefd LLC lifted its stake in Vornado Realty Trust by 1.4% during the 1st quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust’s stock valued at $758,000 after acquiring an additional 282 shares during the period. Assetmark Inc. lifted its stake in Vornado Realty Trust by 23.8% during the 4th 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 during the period. Compound Planning Inc. lifted its stake in Vornado Realty Trust by 4.4% during the 1st 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 during the period. Finally, Fifth Third Bancorp lifted 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 acquiring an additional 312 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Down 1.1%

NYSE:VNO opened at $39.08 on Thursday. The firm has a market cap of $7.50 billion, a P/E ratio of 977.00, a P/E/G ratio of 9.69 and a beta of 1.47. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.59 and a current ratio of 4.59. Vornado Realty Trust has a fifty-two week low of $22.42 and a fifty-two week high of $46.63. The firm has a 50-day simple moving average of $36.30 and a two-hundred day simple moving average of $40.03.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $461.58 million during the quarter, compared to analyst estimates of $452.68 million. Vornado Realty Trust had a net margin of 3.94% and a return on equity of 1.60%. Vornado Realty Trust’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. Analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Vornado Realty Trust Company Profile

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