Mizuho Cuts Vornado Realty Trust (NYSE:VNO) Price Target to $34.00

Vornado Realty Trust (NYSE:VNO) had its price target reduced by equities research analysts at Mizuho from $40.00 to $34.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price objective points to a potential upside of 21.24% from the company’s current price.

A number of other research firms have also weighed in on VNO. Wall Street Zen lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. JPMorgan Chase & Co. upgraded Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective for the company in a report on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Piper Sandler decreased their target price on Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Finally, Evercore decreased their price objective on shares of Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.17.

Vornado Realty Trust Stock Performance

Shares of VNO stock opened at $28.04 on Tuesday. The company has a market capitalization of $5.35 billion, a P/E ratio of 6.69, a PEG ratio of 1.44 and a beta of 1.52. Vornado Realty Trust has a fifty-two week low of $27.86 and a fifty-two week high of $43.37. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.25 and a current ratio of 5.25. The stock has a 50 day moving average price of $32.27 and a two-hundred day moving average price of $35.99.

Vornado Realty Trust (NYSE:VNO) last issued its earnings results on Monday, February 9th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $453.71 million during the quarter, compared to analysts’ expectations of $440.23 million. Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. Analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Hedge Funds Weigh In On Vornado Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in VNO. Danske Bank A S bought a new stake in shares of Vornado Realty Trust in the 3rd quarter worth approximately $28,000. Farmers & Merchants Investments Inc. raised its stake in Vornado Realty Trust by 512.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 718 shares during the last quarter. Advisory Services Network LLC purchased a new position in Vornado Realty Trust during the third quarter valued at $33,000. Employees Retirement System of Texas bought a new stake in Vornado Realty Trust in the fourth quarter worth $36,000. Finally, Westside Investment Management Inc. grew its stake in shares of Vornado Realty Trust by 100.0% in 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 during the last quarter. Institutional investors own 90.02% of the company’s stock.

About Vornado Realty Trust

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.