Vornado Realty Trust (NYSE:VNO) Price Target Increased to $32.00 by Analysts at Compass Point

Vornado Realty Trust (NYSE:VNO) had its price target hoisted by Compass Point from $27.00 to $32.00 in a research report report published on Wednesday, Benzinga reports. Compass Point currently has a neutral rating on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on VNO. Barclays dropped their price target on Vornado Realty Trust from $22.00 to $21.00 and set an underweight rating for the company in a research report on Friday, May 24th. BMO Capital Markets dropped their price target on Vornado Realty Trust from $31.00 to $29.00 and set a market perform rating for the company in a research report on Wednesday, June 12th. Scotiabank dropped their price target on Vornado Realty Trust from $24.00 to $23.00 and set a sector perform rating for the company in a research report on Thursday, May 16th. Piper Sandler dropped their price target on Vornado Realty Trust from $25.00 to $22.00 and set an underweight rating for the company in a research report on Monday, May 13th. Finally, StockNews.com upgraded Vornado Realty Trust to a sell rating in a research report on Saturday, July 20th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Vornado Realty Trust has a consensus rating of Hold and an average price target of $27.20.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock traded down $0.53 during midday trading on Wednesday, reaching $30.99. The company’s stock had a trading volume of 4,268,705 shares, compared to its average volume of 2,052,238. Vornado Realty Trust has a fifty-two week low of $18.36 and a fifty-two week high of $32.21. The company has a debt-to-equity ratio of 1.78, a quick ratio of 4.97 and a current ratio of 5.21. The stock’s 50 day simple moving average is $27.13 and its 200 day simple moving average is $26.49. The firm has a market capitalization of $5.90 billion, a PE ratio of 206.60 and a beta of 1.64.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). Vornado Realty Trust had a net margin of 4.51% and a return on equity of 3.21%. The business had revenue of $450.27 million during the quarter, compared to analyst estimates of $439.28 million. During the same period last year, the business posted $0.72 EPS. Vornado Realty Trust’s revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts forecast that Vornado Realty Trust will post 2.08 earnings per share for the current year.

Insider Buying and Selling at Vornado Realty Trust

In other Vornado Realty Trust news, Director Russell B. Wight, Jr. sold 2,000 shares of Vornado Realty Trust stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $28.19, for a total value of $56,380.00. Following the completion of the sale, the director now owns 3,034 shares in the company, valued at approximately $85,528.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.14% of the stock is owned by company insiders.

Institutional Trading of Vornado Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VNO. Renaissance Technologies LLC acquired a new position in shares of Vornado Realty Trust in the 2nd quarter valued at about $1,167,000. Envestnet Asset Management Inc. lifted its stake in shares of Vornado Realty Trust by 4.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 222,661 shares of the real estate investment trust’s stock valued at $5,854,000 after purchasing an additional 8,464 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Vornado Realty Trust by 40.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 104,335 shares of the real estate investment trust’s stock valued at $2,743,000 after purchasing an additional 30,217 shares in the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of Vornado Realty Trust by 31.7% in the 2nd quarter. Meeder Advisory Services Inc. now owns 10,409 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 2,507 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its stake in shares of Vornado Realty Trust by 91.3% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 852,723 shares of the real estate investment trust’s stock valued at $22,418,000 after purchasing an additional 406,965 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

About Vornado Realty Trust

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.