Analysts Set Vornado Realty Trust (NYSE:VNO) Price Target at $39.42

Shares of Vornado Realty Trust (NYSE:VNO) have been given an average rating of “Hold” by the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $39.3333.

Several research analysts have commented on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Vornado Realty Trust in a research note on Monday, October 13th. They set a “buy” rating and a $48.00 price objective for the company. Bank of America dropped their price objective on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, August 25th. Evercore ISI lifted their price objective on shares of Vornado Realty Trust from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Scotiabank dropped their price objective 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. Finally, Truist Financial lifted their price objective on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “hold” rating in a research note on Friday, September 12th.

Vornado Realty Trust Trading Down 1.0%

Shares of VNO opened at $35.51 on Thursday. The company’s fifty day moving average is $39.81 and its 200 day moving average is $38.74. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The stock has a market capitalization of $6.82 billion, a PE ratio of 8.79, a P/E/G ratio of 4.57 and a beta of 1.57. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $453.70 million for the quarter, compared to analysts’ expectations of $435.19 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. Vornado Realty Trust’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. Sell-side analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of Vornado Realty Trust stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.42% of the stock is owned by insiders.

Institutional Trading of Vornado Realty Trust

A number of large investors have recently made changes to their positions in the stock. MCF Advisors LLC boosted its stake in shares of Vornado Realty Trust by 101.3% during the third quarter. MCF Advisors LLC now owns 2,764 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 1,391 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Vornado Realty Trust by 80.0% during the third quarter. Smartleaf Asset Management LLC now owns 3,585 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 1,593 shares during the period. Waterloo Capital L.P. boosted its stake in shares of Vornado Realty Trust by 6.0% during the third quarter. Waterloo Capital L.P. now owns 69,724 shares of the real estate investment trust’s stock valued at $2,826,000 after purchasing an additional 3,953 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Vornado Realty Trust by 2.4% during the third quarter. Envestnet Asset Management Inc. now owns 237,349 shares of the real estate investment trust’s stock valued at $9,620,000 after purchasing an additional 5,590 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in shares of Vornado Realty Trust by 238.9% during the third quarter. Hantz Financial Services Inc. now owns 2,047 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 1,443 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

About Vornado Realty Trust

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