Analysts Set Vornado Realty Trust (NYSE:VNO) PT at $37.00

Shares of Vornado Realty Trust (NYSE:VNO) have been given a consensus rating of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $37.00.

A number of equities research analysts have issued reports on VNO shares. Barclays cut their target price on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, February 26th. Mizuho lowered their price target on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Wall Street Zen downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Evercore cut their price objective on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Finally, JPMorgan Chase & Co. raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective for the company in a research report on Monday, November 24th.

Vornado Realty Trust Price Performance

Shares of VNO opened at $26.48 on Wednesday. The business’s 50-day moving average is $30.97 and its 200-day moving average is $35.28. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.25 and a quick ratio of 5.25. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 6.32, a P/E/G ratio of 1.44 and a beta of 1.53. Vornado Realty Trust has a fifty-two week low of $25.71 and a fifty-two week high of $43.37.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly 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). Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The company had revenue of $453.71 million for the quarter, compared to analyst estimates of $440.23 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Vornado Realty Trust

Several large investors have recently made changes to their positions in the company. Corient Private Wealth LLC increased its holdings in Vornado Realty Trust by 14.0% in the fourth quarter. Corient Private Wealth LLC now owns 45,759 shares of the real estate investment trust’s stock worth $1,523,000 after buying an additional 5,602 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Vornado Realty Trust by 17.2% in the fourth quarter. Hsbc Holdings PLC now owns 303,616 shares of the real estate investment trust’s stock valued at $10,106,000 after acquiring an additional 44,559 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $86,000. Pacer Advisors Inc. grew its position in Vornado Realty Trust by 0.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,497,296 shares of the real estate investment trust’s stock worth $49,830,000 after acquiring an additional 7,559 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in Vornado Realty Trust by 7.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 70,543 shares of the real estate investment trust’s stock worth $2,348,000 after acquiring an additional 4,607 shares in 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.