Vornado Realty Trust (NYSE:VNO) Hits New 12-Month Low Following Analyst Downgrade

Shares of Vornado Realty Trust (NYSE:VNO) hit a new 52-week low during mid-day 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. The stock had previously closed at $30.25.

Other research analysts have also recently issued reports about the company. Scotiabank lowered their price target on Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 14th. JPMorgan Chase & Co. raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective for the company in a report on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Mizuho cut their price target on Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Finally, Truist Financial decreased their price objective on Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VNO. Royal Bank of Canada lifted its position in shares of Vornado Realty Trust by 18.3% in the first quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock worth $1,017,000 after purchasing an additional 4,251 shares in the last quarter. AQR Capital Management LLC lifted its position in Vornado Realty Trust by 18.7% in the 1st quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock worth $1,903,000 after buying an additional 8,189 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Vornado Realty Trust by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock valued at $22,705,000 after acquiring an additional 112,956 shares in the last quarter. Truist Financial Corp increased its stake in shares of Vornado Realty Trust by 18.8% in the second quarter. Truist Financial Corp now owns 7,677 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 1,214 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Vornado Realty Trust by 1.3% during the second quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock worth $786,000 after acquiring an additional 259 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Trading Down 4.9%

The company has a quick ratio of 5.58, a current ratio of 5.25 and a debt-to-equity ratio of 1.44. The business has a 50-day moving average of $33.16 and a 200-day moving average of $36.51. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 5.52 and a beta of 1.52.

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

Vornado Realty Trust Announces Dividend

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

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.