Vornado Realty Trust (NYSE:VNO) Price Target Lowered to $28.00 at Truist Financial

Vornado Realty Trust (NYSE:VNO) had its price objective reduced by stock analysts at Truist Financial from $29.00 to $28.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price points to a potential upside of 7.89% from the stock’s current price.

A number of other analysts have also recently commented on VNO. Weiss Ratings restated a “hold (c)” rating on shares of Vornado Realty Trust in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on shares of Vornado Realty Trust from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Piper Sandler dropped their price objective on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Evercore decreased 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 research note on Monday, December 15th. Finally, Mizuho lowered their target price on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.30.

Vornado Realty Trust Stock Up 3.1%

Shares of VNO stock traded up $0.77 during midday trading on Tuesday, reaching $25.95. 379,011 shares of the stock were exchanged, compared to its average volume of 2,078,177. Vornado Realty Trust has a 1 year low of $24.57 and a 1 year high of $43.37. The firm has a market cap of $4.95 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 1.33 and a beta of 1.53. The company’s 50 day moving average is $28.75 and its two-hundred day moving average is $33.97. 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 (NYSE:VNO) last released its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $453.71 million for the quarter, compared to the consensus estimate of $440.23 million. Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share. On average, equities research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Institutional Investors Weigh In On Vornado Realty Trust

Institutional investors have recently modified their holdings of the business. Spire Wealth Management increased its holdings in Vornado Realty Trust by 19.6% in the 3rd quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 275 shares in the last quarter. Bfsg LLC lifted its stake in Vornado Realty Trust by 5.9% during the 3rd quarter. Bfsg LLC now owns 5,036 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 280 shares during the period. Farther Finance Advisors LLC lifted its stake in Vornado Realty Trust by 4.8% during the 4th quarter. Farther Finance Advisors LLC now owns 7,706 shares of the real estate investment trust’s stock valued at $256,000 after acquiring an additional 351 shares during the period. Arjuna Capital boosted its holdings in shares of Vornado Realty Trust by 5.4% during the 3rd quarter. Arjuna Capital now owns 6,942 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 358 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Vornado Realty Trust by 2.0% in the fourth quarter. Signaturefd LLC now owns 19,976 shares of the real estate investment trust’s stock worth $665,000 after acquiring an additional 389 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

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.