Vornado Realty Trust (NYSE:VNO) Given Average Rating of “Hold” by Brokerages

Shares of Vornado Realty Trust (NYSE:VNO) have received a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $37.00.

Several research firms have commented on VNO. Mizuho decreased their price objective 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. Truist Financial cut their target price on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Evercore reduced their target price 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. Scotiabank decreased their price target on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price target on the stock in a research note on Monday, November 24th.

Vornado Realty Trust Stock Performance

Shares of NYSE VNO opened at $26.96 on Wednesday. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 1.44. Vornado Realty Trust has a 12 month low of $25.71 and a 12 month high of $43.37. The stock has a 50 day moving average of $31.25 and a 200-day moving average of $35.43. The company has a market capitalization of $5.14 billion, a P/E ratio of 6.43, a P/E/G ratio of 1.44 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $453.71 million for the quarter, compared to analyst estimates of $440.23 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. As a group, equities research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Hedge Funds Weigh In On Vornado Realty Trust

A number of large investors have recently made changes to their positions in VNO. Norges Bank acquired a new stake in shares of Vornado Realty Trust during the 4th quarter worth $579,709,000. JPMorgan Chase & Co. raised its stake in Vornado Realty Trust by 88.1% in the second quarter. JPMorgan Chase & Co. now owns 5,004,461 shares of the real estate investment trust’s stock valued at $191,371,000 after purchasing an additional 2,344,037 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Vornado Realty Trust by 21.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust’s stock worth $301,300,000 after purchasing an additional 1,598,643 shares during the period. Pacer Advisors Inc. lifted its position in Vornado Realty Trust by 27,787.3% during the third quarter. Pacer Advisors Inc. now owns 1,489,737 shares of the real estate investment trust’s stock worth $60,379,000 after purchasing an additional 1,484,395 shares during the period. Finally, Resolution Capital Ltd acquired a new stake in Vornado Realty Trust during the second quarter worth about $49,565,000. 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.