JPMorgan Chase & Co. Has Lowered Expectations for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its target price decreased by JPMorgan Chase & Co. from $41.00 to $33.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 27.33% from the company’s previous close.

VNO has been the subject of several other reports. Mizuho dropped their target price on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Evercore cut their target price on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Wall Street Zen lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Barclays lowered their price target on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $36.40.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock traded down $0.20 during midday trading on Wednesday, hitting $25.92. The company’s stock had a trading volume of 389,850 shares, compared to its average volume of 2,090,068. Vornado Realty Trust has a 1-year low of $25.28 and a 1-year high of $43.37. 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 company has a 50-day moving average price of $29.41 and a two-hundred day moving average price of $34.40. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 1.39 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last announced its earnings results 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). The business 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%.The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 EPS. As a group, sell-side analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On Vornado Realty Trust

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in 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 raised its holdings in shares of Vornado Realty Trust by 18.7% during the first quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock valued at $1,903,000 after purchasing an additional 8,189 shares during the period. Goldman Sachs Group Inc. increased its position in Vornado Realty Trust by 22.6% in 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 buying an additional 112,956 shares in the last quarter. Creative Planning increased its position in Vornado Realty Trust by 7.3% in the 2nd quarter. Creative Planning now owns 43,113 shares of the real estate investment trust’s stock valued at $1,649,000 after buying an additional 2,934 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Vornado Realty Trust by 88.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,004,461 shares of the real estate investment trust’s stock worth $191,371,000 after buying an additional 2,344,037 shares during the period. 90.02% of the stock is owned by institutional investors.

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.