Brokerages Set Vornado Realty Trust (NYSE:VNO) PT at $36.33

Shares of Vornado Realty Trust (NYSE:VNO) have been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $36.3333.

A number of research firms recently commented on VNO. Weiss Ratings raised shares of Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Piper Sandler reduced their price target on shares of Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Citigroup upped their price objective on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Truist Financial raised their price objective on Vornado Realty Trust from $28.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, LADENBURG THALM/SH SH lifted their target price on Vornado Realty Trust from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th.

Insider Buying and Selling

In related news, Director Michael D. Fascitelli sold 133,350 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the sale, the director owned 475,161 shares in the company, valued at $17,400,395.82. This represents a 21.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Russell B. Wight, Jr. bought 4,000 shares of Vornado Realty Trust stock in a transaction dated Monday, June 8th. The stock was acquired at an average cost of $16.94 per share, with a total value of $67,760.00. Following the completion of the acquisition, the director directly owned 13,000 shares of the company’s stock, valued at approximately $220,220. The trade was a 44.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 9.00% of the company’s stock.

Hedge Funds Weigh In On Vornado Realty Trust

Institutional investors have recently bought and sold shares of the company. Lighthouse Investment Partners LLC boosted its holdings in shares of Vornado Realty Trust by 20.9% in the third quarter. Lighthouse Investment Partners LLC now owns 260,000 shares of the real estate investment trust’s stock valued at $10,538,000 after acquiring an additional 45,000 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Vornado Realty Trust during the first quarter worth about $1,206,000. Vestcor Inc purchased a new position in Vornado Realty Trust during the third quarter worth about $4,572,000. Private Management Group Inc. lifted its position in Vornado Realty Trust by 19.5% in the third quarter. Private Management Group Inc. now owns 772,352 shares of the real estate investment trust’s stock valued at $31,303,000 after purchasing an additional 126,242 shares during the period. Finally, Legal & General Group Plc lifted its position in Vornado Realty Trust by 9.1% in the fourth quarter. Legal & General Group Plc now owns 1,789,601 shares of the real estate investment trust’s stock valued at $59,558,000 after purchasing an additional 149,598 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $38.33 on Tuesday. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.93 and a beta of 1.53. Vornado Realty Trust has a 52-week low of $24.57 and a 52-week high of $43.37. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54. The stock has a 50 day moving average price of $35.54 and a 200 day moving average price of $31.67.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The company had revenue of $459.11 million for the quarter, compared to analyst estimates of $431.71 million. Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS. Research analysts predict that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

Vornado Realty Trust announced that its Board of Directors has initiated a share repurchase plan on Wednesday, April 29th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Vornado Realty Trust Company Profile

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.