Vornado Realty Trust (NYSE:VNO) Given New $36.00 Price Target at Scotiabank

Vornado Realty Trust (NYSE:VNO) had its target price decreased by investment analysts at Scotiabank from $38.00 to $36.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective would indicate a potential upside of 7.20% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective for the company in a report on Monday, November 24th. Truist Financial lowered their price target on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Mizuho dropped their price objective on shares of Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Finally, Evercore ISI cut 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. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $38.31.

Vornado Realty Trust Stock Down 0.5%

Shares of NYSE VNO traded down $0.16 during mid-day trading on Wednesday, reaching $33.58. 425,881 shares of the company traded hands, compared to its average volume of 1,059,711. The company’s fifty day moving average is $34.65 and its two-hundred day moving average is $37.48. The company has a debt-to-equity ratio of 1.42, a quick ratio of 5.58 and a current ratio of 5.58. The stock has a market cap of $6.45 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 5.90 and a beta of 1.49. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $45.37.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. Vornado Realty Trust had a net margin of 49.91% and a return on equity of 19.48%. The company had revenue of $453.70 million for the quarter, compared to the consensus estimate of $435.19 million. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. On average, analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On Vornado Realty Trust

Hedge funds have recently modified their holdings of the stock. Danske Bank A S purchased a new stake in shares of Vornado Realty Trust during the 3rd quarter worth about $28,000. Advisory Services Network LLC acquired a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at about $33,000. Westside Investment Management Inc. boosted its stake in shares of Vornado Realty Trust by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 443 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Vornado Realty Trust in the third quarter valued at $39,000. Finally, BOKF NA grew its position in shares of Vornado Realty Trust by 1,257.1% during the 3rd quarter. BOKF NA now owns 1,140 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,056 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

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.