Vornado Realty Trust (NYSE:VNO) Price Target Cut to $33.00 by Analysts at JPMorgan Chase & Co.

Vornado Realty Trust (NYSE:VNO) had its price target reduced by JPMorgan Chase & Co. from $41.00 to $33.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on VNO. Barclays decreased their price target on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, February 26th. Scotiabank reduced their target price on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. Truist Financial decreased their target price on shares of Vornado Realty Trust from $34.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, March 17th. Wall Street Zen downgraded shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Finally, Evercore cut their price target on shares of Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Vornado Realty Trust currently has an average rating of “Hold” and an average price target of $36.40.

Vornado Realty Trust Trading Down 0.5%

Shares of VNO stock opened at $25.99 on Wednesday. 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 has a 50-day moving average price of $29.26 and a two-hundred day moving average price of $34.35. Vornado Realty Trust has a 12-month low of $25.28 and a 12-month high of $43.37. The firm has a market cap of $4.95 billion, a P/E ratio of 6.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last announced its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm 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%. Vornado Realty Trust’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. Equities analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its holdings in Vornado Realty Trust by 6.9% in 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 acquiring an additional 680 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Vornado Realty Trust by 14.0% in the fourth quarter. Corient Private Wealth LLC now owns 45,759 shares of the real estate investment trust’s stock valued at $1,523,000 after acquiring an additional 5,602 shares during the period. Hsbc Holdings PLC raised its stake in shares of 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 valued at $10,106,000 after acquiring an additional 44,559 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Vornado Realty Trust during the fourth quarter worth about $86,000. Finally, Pacer Advisors Inc. boosted 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 purchasing an additional 7,559 shares during the period. 90.02% of the stock is owned by hedge funds and other institutional investors.

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.