Vornado Realty Trust (NYSE:VNO) Receives $30.43 Consensus Target Price from Analysts

Vornado Realty Trust (NYSE:VNO) has received a consensus recommendation of “Reduce” from the eleven research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $32.16.

Several research firms have recently weighed in on VNO. Piper Sandler reiterated a “neutral” rating and issued a $44.00 price objective (up from $30.00) on shares of Vornado Realty Trust in a research note on Friday, October 18th. Truist Financial upped their price objective on Vornado Realty Trust from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Evercore ISI upped their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Barclays boosted their target price on Vornado Realty Trust from $21.00 to $27.00 and gave the stock an “underweight” rating in a report on Wednesday, August 14th. Finally, Scotiabank boosted their target price on Vornado Realty Trust from $33.00 to $38.00 and gave the stock a “sector perform” rating in a report on Friday.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in shares of Vornado Realty Trust by 331.0% in the 3rd quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 844 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Vornado Realty Trust in the 2nd quarter valued at $48,000. Fidelis Capital Partners LLC bought a new stake in shares of Vornado Realty Trust in the 1st quarter valued at $55,000. EverSource Wealth Advisors LLC increased its position in shares of Vornado Realty Trust by 61.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,686 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 1,018 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Vornado Realty Trust by 12.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,412 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Trading Down 1.4 %

Shares of VNO opened at $43.17 on Friday. Vornado Realty Trust has a 12-month low of $18.36 and a 12-month high of $44.00. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 479.67 and a beta of 1.65. The stock’s 50-day moving average price is $37.74 and its 200 day moving average price is $30.51.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $450.27 million for the quarter, compared to the consensus estimate of $439.28 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. As a group, research analysts predict that Vornado Realty Trust will post 2.17 earnings per share for the current year.

Vornado Realty Trust Company Profile

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