In yesterday’s Wall Street session, Vornado Realty Trust (NYSE:VNO) shares traded at $19.70, up 2.55% from the previous session.
13 analysts cover Vornado Realty Trust (NYSE:VNO), according to research data. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $12.00, we find $21.50. Given the previous closing price of $19.21, this indicates a potential upside of 11.92 percent. VNO stock price is now -12.69% away from the 50-day moving average and 2.83% away from the 200-day moving average. The market capitalization of the company currently stands at $3.75B.
The stock has received a hold rating from 6 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $20.50 as their price target over the next twelve months.
With the price target of $25, Compass Point recently initiated with Neutral rating for Vornado Realty Trust (NYSE: VNO).
In other news, WIGHT RUSSELL B JR, Director bought 2,000 shares of the company’s stock on May 26. The stock was bought for $22,400 at an average price of $11.20. Upon completion of the transaction, the Director now directly owns 9,673 shares in the company, valued at $0.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, Director WIGHT RUSSELL B JR bought 5,341 shares of the business’s stock. A total of $60,352 was incurred on buying the stock at an average price of $11.30. This leaves the insider owning 12,000 shares of the company worth $0.24 million. A total of 13.06% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VNO stock. A new stake in Vornado Realty Trust shares was purchased by WATERFRONT CAPITAL PARTNERS, LLC during the first quarter worth $29,161,000. POINT72 ASSET MANAGEMENT, L.P. invested $26,035,000 in shares of VNO during the first quarter. In the first quarter, LASALLE INVESTMENT MANAGEMENT SECURITIES LLC acquired a new stake in Vornado Realty Trust valued at approximately $20,860,000. DUQUESNE FAMILY OFFICE LLC acquired a new stake in VNO for approximately $11,710,000. BASSWOOD PARTNERS, L.L.C. purchased a new stake in VNO valued at around $7,173,000 in the second quarter. In total, there are 480 active investors with 81.62% ownership of the company’s stock.
On Thursday morning Vornado Realty Trust (NYSE: VNO) stock kicked off with the opening price of $19.46. During the past 12 months, Vornado Realty Trust has had a low of $12.31 and a high of $26.76. The fifty day moving average price for VNO is $22.53 and a two-hundred day moving average price translates $19.15 for the stock.
The latest earnings results from Vornado Realty Trust (NYSE: VNO) was released for Jun, 2023. According to the REIT – Office Company, earnings per share came in at $0.14, beating analysts’ expectations of $0.05 by 0.09. This compares to $0.26 EPS in the same period last year. The net profit margin was -24.44% and return on equity was -7.32% for VNO. The company reported revenue of $472.36 million for the quarter, compared to $453.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.16 percent. For the current quarter, analysts expect VNO to generate $451.46M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/10/2023. Investors who held shares on 01/30/2023 were paid a $0.375 dividend. On an annualized basis, this represents a $0.81 dividend and a 4.11% percent yield. There was an ex-dividend date of 01/27/2023 for this dividend.
