Piper Sandler Sticks to Their Hold Rating for Vornado Realty (VNO)

In a report released today, Alexander Goldfarb from Piper Sandler maintained a Hold rating on Vornado Realty, with a price target of $28.00.

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Goldfarb covers the Real Estate sector, focusing on stocks such as Mid-America Apartment, Vornado Realty, and AvalonBay. According to TipRanks, Goldfarb has an average return of 1.5% and a 47.69% success rate on recommended stocks.

Vornado Realty has an analyst consensus of Hold, with a price target consensus of $34.83.

Based on Vornado Realty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $453.71 million and a net profit of $16.13 million. In comparison, last year the company earned a revenue of $457.79 million and had a net profit of $16.73 million

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VNO in relation to earlier this year. Last month, Daniel Tisch, a Director at VNO bought 30,000.00 shares for a total of $766,500.00.