Vornado Realty Trust (NYSE:VNO) Given New $45.00 Price Target at LADENBURG THALM/SH SH

Vornado Realty Trust (NYSE:VNOGet Free Report) had its price objective raised by analysts at LADENBURG THALM/SH SH from $40.00 to $45.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s price objective would suggest a potential upside of 15.59% from the company’s current price.

Several other research firms have also issued reports on VNO. Mizuho lowered 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 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 research report on Friday, May 8th. 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 cut their price objective on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, February 26th. Finally, Weiss Ratings downgraded shares of Vornado Realty Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and an average price target of $34.27.

Get Our Latest Stock Report on VNO

Vornado Realty Trust Stock Performance

NYSE VNO traded up $0.48 on Wednesday, hitting $38.93. 631,833 shares of the stock were exchanged, compared to its average volume of 1,967,547. The company has a market capitalization of $7.32 billion, a PE ratio of 10.71, a P/E/G ratio of 1.83 and a beta of 1.56. The business’s fifty day moving average is $30.35 and its 200 day moving average is $31.06. Vornado Realty Trust has a 52 week low of $24.57 and a 52 week high of $43.37. The company has a debt-to-equity ratio of 1.54, a current ratio of 6.14 and a quick ratio of 6.14.

Vornado Realty Trust (NYSE:VNOGet Free Report) last issued its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The company had revenue of $459.11 million during the quarter, compared to the consensus estimate of $431.72 million. During the same period in the previous year, the company earned $0.63 earnings per share. Vornado Realty Trust’s revenue for the quarter was down .5% compared to the same quarter last year. Research analysts anticipate that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

Vornado Realty Trust declared that its board has authorized a stock buyback program on Wednesday, April 29th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds 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 third quarter valued at approximately $28,000. Farmers & Merchants Investments Inc. increased its holdings in shares of 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 acquiring an additional 718 shares in the last quarter. Essential Partners LLC increased its holdings in shares of Vornado Realty Trust by 186.9% during the first quarter. Essential Partners LLC now owns 1,182 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 770 shares in the last quarter. Advisory Services Network LLC bought a new stake in Vornado Realty Trust in the 3rd quarter worth about $33,000. Finally, Employees Retirement System of Texas bought a new stake in Vornado Realty Trust in the 4th quarter worth about $36,000. 90.02% of the stock is currently owned by institutional investors.

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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