Vornado Realty Trust (NYSE:VNO) Receives $36.40 Consensus Price Target from Analysts

Vornado Realty Trust (NYSE:VNO) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $35.5455.

A number of research firms recently weighed in on VNO. Morgan Stanley dropped their price target on shares of Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Evercore decreased their price objective 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. Barclays dropped their target price on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, February 26th. JPMorgan Chase & Co. cut their target price on Vornado Realty Trust from $41.00 to $33.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 25th. Finally, Truist Financial reduced their target price on Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating for the company in a report on Tuesday.

Vornado Realty Trust Trading Up 3.2%

Shares of Vornado Realty Trust stock opened at $25.99 on Friday. The company has a market capitalization of $4.96 billion, a P/E ratio of 6.20, a price-to-earnings-growth ratio of 1.36 and a beta of 1.53. The stock has a fifty day simple moving average of $28.61 and a 200 day simple moving average of $33.85. Vornado Realty Trust has a 12-month low of $24.57 and a 12-month high of $43.37. 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 issued its quarterly earnings data 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). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The company had revenue of $453.71 million for the quarter, compared to the consensus estimate of $440.23 million. During the same quarter last year, the business posted $0.61 earnings per share. Vornado Realty Trust’s revenue was down .9% on a year-over-year basis. On average, sell-side analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Danske Bank A S purchased a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at $28,000. Advisory Services Network LLC purchased a new position in shares of Vornado Realty Trust in the 3rd quarter worth about $33,000. Farmers & Merchants Investments Inc. grew its position in Vornado Realty Trust by 512.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 718 shares during the period. Westside Investment Management Inc. grew its position in Vornado Realty Trust by 100.0% during the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 443 shares during the period. Finally, Quent Capital LLC purchased a new stake in Vornado Realty Trust during the third quarter worth about $39,000. 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.