Truist Financial Issues Pessimistic Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its target price reduced by equities research analysts at Truist Financial from $34.00 to $29.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price would indicate a potential upside of 10.94% from the company’s previous close.

Several other brokerages also recently issued reports on VNO. Barclays cut their target price 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. JPMorgan Chase & Co. upgraded 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. Wall Street Zen cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Scotiabank reduced their target price on Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. Finally, Evercore decreased their target price on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vornado Realty Trust has a consensus rating of “Hold” and an average target price of $37.20.

Vornado Realty Trust Stock Performance

NYSE VNO traded up $0.74 on Tuesday, hitting $26.14. 235,235 shares of the stock were exchanged, compared to its average volume of 1,915,574. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.25 and a quick ratio of 5.25. The business’s fifty day moving average is $30.38 and its 200 day moving average is $34.95. Vornado Realty Trust has a 52 week low of $25.28 and a 52 week high of $43.37. The company has a market capitalization of $4.98 billion, a PE ratio of 6.24, a P/E/G ratio of 1.38 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). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The firm had revenue of $453.71 million during the quarter, compared to analyst estimates of $440.23 million. During the same quarter in the prior year, the business earned $0.61 EPS. The business’s revenue was down .9% compared to the same quarter last year. Research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Vornado Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in VNO. Rockefeller Capital Management L.P. lifted its holdings in Vornado Realty Trust by 6.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,533 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 680 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Vornado Realty Trust by 14.0% in the 4th quarter. Corient Private Wealth LLC now owns 45,759 shares of the real estate investment trust’s stock valued at $1,523,000 after buying an additional 5,602 shares in the last quarter. Hsbc Holdings PLC increased its position in Vornado Realty Trust by 17.2% during the 4th quarter. Hsbc Holdings PLC now owns 303,616 shares of the real estate investment trust’s stock worth $10,106,000 after buying an additional 44,559 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Vornado Realty Trust during the 4th quarter worth $86,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Vornado Realty Trust by 0.5% during 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 buying an additional 7,559 shares in the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

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.