Vornado Realty Trust (NYSE:VNO) PT Raised to $32.00 at Compass Point

Vornado Realty Trust (NYSE:VNO) had its price objective hoisted by Compass Point from $27.00 to $32.00 in a research report report published on Wednesday, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other equities analysts also recently commented on VNO. Scotiabank decreased their target price on Vornado Realty Trust from $24.00 to $23.00 and set a sector perform rating on the stock in a research report on Thursday, May 16th. StockNews.com raised Vornado Realty Trust to a sell rating in a report on Saturday, July 20th. Barclays dropped their target price on Vornado Realty Trust from $22.00 to $21.00 and set an underweight rating for the company in a report on Friday, May 24th. BMO Capital Markets reduced their target price on shares of Vornado Realty Trust from $31.00 to $29.00 and set a market perform rating for the company in a research report on Wednesday, June 12th. Finally, Piper Sandler lowered their price target on shares of Vornado Realty Trust from $25.00 to $22.00 and set an underweight rating on the stock in a research report on Monday, May 13th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust presently has an average rating of Hold and an average target price of $27.20.

Vornado Realty Trust Trading Down 1.7 %

VNO stock opened at $30.99 on Wednesday. Vornado Realty Trust has a one year low of $18.36 and a one year high of $32.21. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 206.60 and a beta of 1.64. The company has a fifty day moving average price of $27.13 and a two-hundred day moving average price of $26.48. The company has a debt-to-equity ratio of 1.78, a current ratio of 5.21 and a quick ratio of 4.97.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37). Vornado Realty Trust had a return on equity of 3.21% and a net margin of 4.51%. The company had revenue of $450.27 million for the quarter, compared to analyst estimates of $439.28 million. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities analysts anticipate that Vornado Realty Trust will post 2.08 EPS for the current year.

Insider Activity

In related news, Director Russell B. Wight, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $28.19, for a total transaction of $56,380.00. Following the sale, the director now owns 3,034 shares in the company, valued at approximately $85,528.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.14% of the company’s stock.

Institutional Trading of Vornado Realty Trust

Several large investors have recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new stake in shares of Vornado Realty Trust in the 2nd quarter valued at approximately $1,167,000. Envestnet Asset Management Inc. lifted its stake in Vornado Realty Trust by 4.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 222,661 shares of the real estate investment trust’s stock valued at $5,854,000 after purchasing an additional 8,464 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Vornado Realty Trust by 40.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 104,335 shares of the real estate investment trust’s stock valued at $2,743,000 after buying an additional 30,217 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in shares of Vornado Realty Trust by 31.7% during the second quarter. Meeder Advisory Services Inc. now owns 10,409 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 2,507 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of Vornado Realty Trust by 91.3% during the second quarter. Jupiter Asset Management Ltd. now owns 852,723 shares of the real estate investment trust’s stock worth $22,418,000 after buying an additional 406,965 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.