Vornado Realty Trust (NYSE:VNO) Reaches New 12-Month Low After Analyst Downgrade

Vornado Realty Trust (NYSE:VNO) shares hit a new 52-week low during trading on Thursday after Piper Sandler lowered their price target on the stock from $38.00 to $36.00. Piper Sandler currently has a neutral rating on the stock. Vornado Realty Trust traded as low as $29.01 and last traded at $28.9950, with a volume of 1140172 shares trading hands. The stock had previously closed at $30.25.

Several other equities research analysts have also recently commented on VNO. Truist Financial cut their price objective on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Evercore reduced their price target on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. JPMorgan Chase & Co. raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective on the stock in a research note on Monday, November 24th. Mizuho reduced their target price on Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, December 12th. Finally, Scotiabank cut their target price on Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $37.67.

Institutional Trading of Vornado Realty Trust

A number of large investors have recently made changes to their positions in the stock. US Bancorp DE grew its position in Vornado Realty Trust by 1.3% in the 2nd quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock worth $786,000 after purchasing an additional 259 shares during the period. Spire Wealth Management boosted its position in Vornado Realty Trust by 19.6% in the third 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. Bfsg LLC grew its stake in shares of Vornado Realty Trust by 5.9% during the 3rd quarter. Bfsg LLC now owns 5,036 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 280 shares during the period. Amalgamated Bank increased its position in shares of Vornado Realty Trust by 0.4% during the 2nd quarter. Amalgamated Bank now owns 76,695 shares of the real estate investment trust’s stock valued at $2,933,000 after purchasing an additional 314 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Vornado Realty Trust by 4.7% in the 2nd quarter. ProShare Advisors LLC now owns 7,403 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 330 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Vornado Realty Trust Price Performance

The company has a market capitalization of $5.49 billion, a P/E ratio of 6.87, a price-to-earnings-growth ratio of 5.52 and a beta of 1.52. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.25 and a quick ratio of 5.58. The firm’s 50-day moving average is $33.16 and its 200-day moving average is $36.51.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The business had revenue of $453.71 million for the quarter, compared to the consensus estimate of $440.23 million. During the same period in the previous year, the firm earned $0.61 EPS. The company’s revenue was down .9% on a year-over-year basis. Analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, December 29th. Investors of record on Thursday, December 18th were issued a $0.74 dividend. This represents a yield of 220.0%. The ex-dividend date of this dividend was Thursday, December 18th. Vornado Realty Trust’s dividend payout ratio is currently 17.66%.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.