Vornado Realty Trust (NYSE:VNO) Reaches New 1-Year Low – Here’s Why

Shares of Vornado Realty Trust (NYSE:VNO) reached a new 52-week low on Thursday . The stock traded as low as $25.28 and last traded at $25.4380, with a volume of 745312 shares traded. The stock had previously closed at $26.37.

Wall Street Analyst Weigh In

VNO has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Scotiabank cut their price target on Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Monday, March 2nd. JPMorgan Chase & Co. upgraded Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective for the company in a research report on Monday, November 24th. Mizuho cut their target price on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Finally, Barclays dropped their price target on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vornado Realty Trust presently has an average rating of “Hold” and an average price target of $37.00.

Vornado Realty Trust Stock Down 2.1%

The business has a fifty day moving average of $30.83 and a 200 day moving average of $35.22. 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 firm has a market cap of $4.92 billion, a P/E ratio of 6.14, a P/E/G ratio of 1.41 and a beta of 1.53.

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

Institutional Investors Weigh In On Vornado Realty Trust

Several hedge funds have recently bought and sold shares of VNO. Corient Private Wealth LLC boosted its position in shares of Vornado Realty Trust by 14.0% during the fourth quarter. Corient Private Wealth LLC now owns 45,759 shares of the real estate investment trust’s stock worth $1,523,000 after purchasing an additional 5,602 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Vornado Realty Trust by 17.2% during the fourth quarter. Hsbc Holdings PLC now owns 303,616 shares of the real estate investment trust’s stock worth $10,106,000 after acquiring an additional 44,559 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Vornado Realty Trust in the fourth quarter valued at about $86,000. Pacer Advisors Inc. increased its holdings in shares of Vornado Realty Trust by 0.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,497,296 shares of the real estate investment trust’s stock worth $49,830,000 after acquiring an additional 7,559 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Vornado Realty Trust by 7.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 70,543 shares of the real estate investment trust’s stock worth $2,348,000 after acquiring an additional 4,607 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

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.