Brokerages Set Vornado Realty Trust (NYSE:VNO) Price Target at $39.17

Shares of Vornado Realty Trust (NYSE:VNO) have been given an average rating of “Hold” by the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $39.3077.

A number of brokerages recently issued reports on VNO. JPMorgan Chase & Co. raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price target on the stock in a research report on Monday. LADENBURG THALM/SH SH assumed coverage on Vornado Realty Trust in a research note on Monday, October 13th. They issued a “buy” rating and a $48.00 price target for the company. Barclays increased their price objective on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, August 21st. Truist Financial raised their target price on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the company a “hold” rating in a report on Friday, September 12th. Finally, Scotiabank dropped their target price on shares of Vornado Realty Trust from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th.

Vornado Realty Trust Price Performance

NYSE:VNO opened at $36.79 on Monday. Vornado Realty Trust has a 52 week low of $29.68 and a 52 week high of $46.52. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. The firm’s 50-day simple moving average is $38.26 and its 200 day simple moving average is $38.60. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 9.11, a P/E/G ratio of 4.57 and a beta of 1.57.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The firm had revenue of $453.70 million during the quarter, compared to the consensus estimate of $435.19 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, sell-side analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vornado Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of VNO. Danske Bank A S acquired a new position in shares of Vornado Realty Trust during the 3rd quarter worth $28,000. Twin Tree Management LP boosted its stake in Vornado Realty Trust by 102.1% in the first quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 38,585 shares in the last quarter. Advisory Services Network LLC bought a new position in Vornado Realty Trust in the third quarter valued at about $33,000. Westside Investment Management Inc. raised its stake in Vornado Realty Trust by 100.0% during the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 443 shares in the last quarter. Finally, Quent Capital LLC acquired a new position in Vornado Realty Trust during the third quarter worth about $39,000. 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.