Vornado Realty Trust (NYSE:VNO – Get Rating) had its price target dropped by research analysts at Truist Financial from $51.00 to $41.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Truist Financial’s target price indicates a potential upside of 41.57% from the stock’s previous close.
Other analysts also recently issued reports about the company. Piper Sandler downgraded Vornado Realty Trust from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $44.00 to $35.00 in a research report on Wednesday, May 4th. Morgan Stanley decreased their price objective on Vornado Realty Trust from $39.00 to $30.00 and set an “underweight” rating for the company in a research note on Wednesday, June 1st. BMO Capital Markets cut Vornado Realty Trust from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $52.00 to $40.00 in a research note on Tuesday, May 31st. Mizuho started coverage on Vornado Realty Trust in a research note on Friday, April 22nd. They set an “underperform” rating and a $38.00 target price for the company. Finally, StockNews.com lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, May 9th. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.57.
Shares of Vornado Realty Trust stock opened at $28.96 on Wednesday. The company has a market capitalization of $5.55 billion, a PE ratio of 44.55 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a quick ratio of 4.70 and a current ratio of 4.70. The company has a 50-day simple moving average of $36.80 and a two-hundred day simple moving average of $40.97. Vornado Realty Trust has a one year low of $28.53 and a one year high of $50.31.
Vornado Realty Trust (NYSE:VNO – Get Rating) last issued its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.08. Vornado Realty Trust had a net margin of 11.96% and a return on equity of 2.90%. During the same period in the prior year, the firm posted $0.65 EPS. On average, equities analysts predict that Vornado Realty Trust will post 3.18 earnings per share for the current fiscal year.
In related news, Director Michael D. Fascitelli sold 119,100 shares of the business’s stock in a transaction dated Wednesday, April 13th. The shares were sold at an average price of $41.97, for a total transaction of $4,998,627.00. Following the completion of the sale, the director now owns 1,100,451 shares of the company’s stock, valued at approximately $46,185,928.47. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.87% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. increased its stake in Vornado Realty Trust by 22.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 179,376 shares of the real estate investment trust’s stock valued at $12,097,000 after buying an additional 32,822 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Vornado Realty Trust during the 3rd quarter worth $110,000. Mariner LLC bought a new stake in Vornado Realty Trust in the 3rd quarter valued at $463,000. Tudor Investment Corp Et Al boosted its holdings in Vornado Realty Trust by 27.1% in the 3rd quarter. Tudor Investment Corp Et Al now owns 12,416 shares of the real estate investment trust’s stock valued at $522,000 after purchasing an additional 2,651 shares during the period. Finally, Capula Management Ltd bought a new stake in Vornado Realty Trust in the 3rd quarter valued at $555,000. 82.19% of the stock is owned by institutional investors.
About Vornado Realty Trust (Get Rating)
Vornado’s portfolio is concentrated in the nation’s key market New York City along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019.
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