Vornado Realty Trust (NYSE:VNO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Vornado Realty Trust (NYSE:VNO) have been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $38.6364.

Several research analysts have issued reports on VNO shares. Mizuho dropped their target price on Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Monday, July 14th. Barclays boosted their target price 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. Evercore ISI boosted their target price 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vornado Realty Trust in a research note on Wednesday. Finally, Scotiabank decreased their price target on shares of Vornado Realty Trust from $45.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, August 28th.

Vornado Realty Trust Stock Down 3.9%

Shares of NYSE:VNO opened at $37.97 on Friday. 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 simple moving average of $39.32 and a two-hundred day simple moving average of $38.22. The firm has a market capitalization of $7.29 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 4.61 and a beta of 1.59. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $441.44 million during the quarter, compared to analyst estimates of $468.79 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Insider Buying and Selling at Vornado Realty Trust

In other 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.42% of the company’s stock.

Institutional Trading of Vornado Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of VNO. Twin Tree Management LP raised its stake in shares of Vornado Realty Trust by 102.1% during the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 38,585 shares in the last quarter. UMB Bank n.a. raised its stake 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 buying an additional 523 shares in the last quarter. Assetmark Inc. raised its stake 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 buying an additional 347 shares in the last quarter. Friedenthal Financial bought a new position in Vornado Realty Trust in the first quarter worth approximately $75,000. Finally, Fifth Third Bancorp raised its stake 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 worth $82,000 after buying an additional 312 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

About Vornado Realty Trust

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