Vornado Realty Trust (NYSE:VNO) Receives Average Rating of “Hold” from Analysts

Vornado Realty Trust (NYSE:VNOGet Free Report) has been given an average rating of “Hold” by the twelve analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $34.1818.

A number of equities analysts have weighed in on VNO shares. Morgan Stanley decreased 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 report on Tuesday, March 31st. Mizuho decreased their price target on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Citigroup lifted their price target on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of Vornado Realty Trust from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. Finally, Truist Financial decreased their price target on shares of Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st.

Check Out Our Latest Stock Analysis on VNO

Hedge Funds Weigh In On Vornado Realty Trust

A number of hedge funds have recently made changes to their positions in VNO. Royal Bank of Canada raised its stake in shares of Vornado Realty Trust by 18.3% in the 1st quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock valued at $1,017,000 after acquiring an additional 4,251 shares during the period. AQR Capital Management LLC raised its stake in shares of Vornado Realty Trust by 18.7% in the 1st quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock valued at $1,903,000 after acquiring an additional 8,189 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Vornado Realty Trust by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock valued at $22,705,000 after acquiring an additional 112,956 shares during the period. Marshall Wace LLP purchased a new position in shares of Vornado Realty Trust in the 2nd quarter valued at $763,000. Finally, California Public Employees Retirement System raised its stake in shares of Vornado Realty Trust by 9.6% in the 2nd quarter. California Public Employees Retirement System now owns 365,237 shares of the real estate investment trust’s stock valued at $13,967,000 after acquiring an additional 32,028 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

Vornado Realty Trust Stock Up 0.1%

Shares of VNO opened at $32.00 on Monday. The firm has a market cap of $6.02 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.62 and a beta of 1.53. The company’s fifty day moving average is $28.31 and its two-hundred day moving average is $31.13. Vornado Realty Trust has a fifty-two week low of $24.57 and a fifty-two week high of $43.37. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54.

Vornado Realty Trust (NYSE:VNOGet Free Report) last announced its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The company had revenue of $459.11 million during the quarter, compared to analyst estimates of $431.72 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.63 EPS. Analysts forecast that Vornado Realty Trust will post 2.33 earnings per share for the current year.

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

Vornado Realty Trust Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Vornado Realty Trust (NYSE:VNO)

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