Morgan Stanley Issues Pessimistic Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price objective decreased by Morgan Stanley from $32.00 to $28.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s target price would indicate a potential upside of 7.68% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Truist Financial decreased their target price on Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Tuesday. Mizuho cut their price target on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price objective on shares of Vornado Realty Trust from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Finally, Wall Street Zen downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $35.55.

Vornado Realty Trust Stock Up 3.3%

Shares of NYSE:VNO traded up $0.82 during midday trading on Tuesday, hitting $26.00. The stock had a trading volume of 888,611 shares, compared to its average volume of 2,086,613. Vornado Realty Trust has a 12 month low of $24.57 and a 12 month high of $43.37. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 1.44. The business’s 50-day simple moving average is $28.75 and its 200-day simple moving average is $33.97. The company has a market cap of $4.96 billion, a P/E ratio of 6.22, a PEG ratio of 1.33 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The firm had revenue of $453.71 million during the quarter, compared to analyst estimates of $440.23 million. Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. On average, sell-side analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vornado Realty Trust

A number of large investors have recently made changes to their positions in VNO. Norges Bank bought a new stake in Vornado Realty Trust in the 4th quarter valued at $579,709,000. Price T Rowe Associates Inc. MD increased its position in Vornado Realty Trust by 21.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust’s stock worth $301,300,000 after buying an additional 1,598,643 shares during the period. Pacer Advisors Inc. increased its position in Vornado Realty Trust by 27,787.3% during the 3rd quarter. Pacer Advisors Inc. now owns 1,489,737 shares of the real estate investment trust’s stock worth $60,379,000 after buying an additional 1,484,395 shares during the period. Resolution Capital Ltd acquired a new stake in shares of Vornado Realty Trust during the second quarter worth $49,565,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Vornado Realty Trust by 393,598.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,051,175 shares of the real estate investment trust’s stock worth $34,983,000 after buying an additional 1,050,908 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

About Vornado Realty Trust

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.