Brokerages Set Vornado Realty Trust (NYSE:VNO) Target Price at $34.82

Shares of Vornado Realty Trust (NYSE:VNO) have earned an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $34.8182.

A number of equities analysts have issued reports on VNO shares. Mizuho reduced their price target on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Wall Street Zen downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Barclays reduced 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 report on Thursday, February 26th. Weiss Ratings downgraded shares of Vornado Realty Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, Scotiabank lowered 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 report on Monday, March 2nd.

Institutional Trading of Vornado Realty Trust

A number of hedge funds have recently modified their holdings of VNO. Pictet Asset Management Holding SA lifted its holdings in Vornado Realty Trust by 5.7% in the first quarter. Pictet Asset Management Holding SA now owns 27,579 shares of the real estate investment trust’s stock valued at $717,000 after acquiring an additional 1,495 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Vornado Realty Trust in the 1st quarter worth approximately $1,206,000. Vanderbilt University acquired a new stake in shares of Vornado Realty Trust during the 1st quarter worth approximately $472,000. First National Bank Sioux Falls increased its holdings in shares of Vornado Realty Trust by 74.6% during the 1st quarter. First National Bank Sioux Falls now owns 28,300 shares of the real estate investment trust’s stock valued at $803,000 after purchasing an additional 12,090 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Vornado Realty Trust by 376.3% during the 1st quarter. SG Americas Securities LLC now owns 349,468 shares of the real estate investment trust’s stock valued at $9,083,000 after purchasing an additional 276,104 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Up 1.5%

Vornado Realty Trust stock opened at $29.37 on Thursday. The business’s 50-day simple moving average is $27.30 and its two-hundred day simple moving average is $32.19. 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 company has a market cap of $5.54 billion, a PE ratio of 7.01, a PEG ratio of 1.58 and a beta of 1.51. Vornado Realty Trust has a fifty-two week low of $24.57 and a fifty-two week high of $43.37.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share (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 company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. Equities analysts anticipate that Vornado Realty Trust will post 2.33 EPS for the current year.

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.