Vornado Realty Trust (NYSE:VNO) Receives Consensus Rating of “Hold” from Brokerages

Vornado Realty Trust (NYSE:VNO) has earned an average rating of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $36.3333.

Several equities research analysts have issued reports on the company. Morgan Stanley dropped their price target on Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. JPMorgan Chase & Co. raised their price objective on Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Citigroup boosted their target price on Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings raised Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Finally, LADENBURG THALM/SH SH lifted their price target on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th.

Insiders Place Their Bets

In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 133,350 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the sale, the director directly owned 475,161 shares of the company’s stock, valued at $17,400,395.82. The trade was a 21.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were acquired at an average price of $16.94 per share, with a total value of $67,760.00. Following the completion of the transaction, the director owned 13,000 shares of the company’s stock, valued at approximately $220,220. This trade represents a 44.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 9.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vornado Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in Vornado Realty Trust in the 4th quarter worth approximately $579,709,000. Franklin Resources Inc. grew its holdings in shares of Vornado Realty Trust by 1.6% in the fourth quarter. Franklin Resources Inc. now owns 12,504,170 shares of the real estate investment trust’s stock worth $416,139,000 after purchasing an additional 195,111 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Vornado Realty Trust by 21.4% in 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 last quarter. State Street Corp increased its stake in shares of Vornado Realty Trust by 0.5% in the second quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust’s stock worth $337,775,000 after buying an additional 39,767 shares during the period. Finally, Resolution Capital Ltd increased its stake in shares of Vornado Realty Trust by 34.1% in the first quarter. Resolution Capital Ltd now owns 7,459,981 shares of the real estate investment trust’s stock worth $193,885,000 after buying an additional 1,895,846 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock traded down $0.15 on Tuesday, hitting $40.55. 115,192 shares of the company traded hands, compared to its average volume of 1,936,541. 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 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 1.54. The company has a market cap of $7.63 billion, a P/E ratio of 11.14, a P/E/G ratio of 2.04 and a beta of 1.53. The firm’s 50-day simple moving average is $34.67 and its 200 day simple moving average is $31.50.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The company had revenue of $459.11 million during the quarter, compared to analysts’ expectations of $431.71 million. Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The firm’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 earnings per share. Analysts expect that Vornado Realty Trust will post 2.34 earnings per share for the current fiscal year.

Vornado Realty Trust declared that its board has approved a stock buyback plan on Wednesday, April 29th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

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.