Vornado Realty Trust’s (VNO) “Hold (C+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c+) rating on shares of Vornado Realty Trust (NYSE:VNO) in a report released on Friday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on the stock. Citigroup upgraded shares of Vornado Realty Trust from a “sell” rating to a “neutral” rating and upped their target price for the company from $34.00 to $42.00 in a research note on Friday, September 12th. LADENBURG THALM/SH SH began coverage on shares of Vornado Realty Trust in a research note on Monday, October 13th. They issued a “buy” rating and a $48.00 target price on the stock. Bank of America cut their target price on shares of Vornado Realty Trust from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, August 25th. Barclays upped their target price on shares of Vornado Realty Trust from $32.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Finally, Mizuho cut their target price on shares of Vornado Realty Trust from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.42.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $39.37 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 6.82 and a quick ratio of 6.82. The firm has a 50-day moving average of $39.74 and a two-hundred day moving average of $38.55. The stock has a market cap of $7.56 billion, a P/E ratio of 9.74, a PEG ratio of 4.78 and a beta of 1.59. Vornado Realty Trust has a 1-year low of $29.68 and a 1-year high of $46.63.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $441.44 million during the quarter, compared to analysts’ expectations of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. On average, research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Haim Chera sold 30,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $39.64, for a total transaction of $1,189,200.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vornado Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Twin Tree Management LP grew its position in Vornado Realty Trust by 102.1% in the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 38,585 shares during the last quarter. Spire Wealth Management grew its position in Vornado Realty Trust by 19.6% in the 3rd quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 275 shares during the last quarter. Assetmark Inc. grew its position in Vornado Realty Trust by 23.3% in the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 347 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Vornado Realty Trust in the 2nd quarter worth about $111,000. Finally, State of Wyoming bought a new position in Vornado Realty Trust in the 2nd quarter worth about $175,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

About Vornado Realty Trust

Vornado Realty Trust is a fully – integrated equity real estate investment trust.