Piper Sandler Issues Pessimistic Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price objective dropped by Piper Sandler from $38.00 to $36.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s target price would suggest a potential upside of 22.72% from the stock’s previous close.

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

Vornado Realty Trust Stock Down 3.0%

NYSE VNO opened at $29.34 on Wednesday. Vornado Realty Trust has a twelve month low of $28.08 and a twelve month high of $43.37. The stock has a market cap of $5.59 billion, a PE ratio of 7.00, a PEG ratio of 5.25 and a beta of 1.52. The firm has a 50-day simple moving average of $33.04 and a 200 day simple moving average of $36.46. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.58 and a current ratio of 5.25.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results 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). 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 period last year, the company earned $0.61 EPS. The company’s revenue was down .9% on a year-over-year basis. On average, research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Institutional Trading of Vornado Realty Trust

Several large investors have recently added to or reduced their stakes in VNO. Danske Bank A S bought a new position in Vornado Realty Trust in the third quarter valued at about $28,000. Farmers & Merchants Investments Inc. lifted its position in Vornado Realty Trust by 512.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 718 shares during the period. Advisory Services Network LLC acquired a new position in Vornado Realty Trust during the 3rd quarter valued at about $33,000. Employees Retirement System of Texas bought a new position in shares of Vornado Realty Trust in the 4th quarter valued at about $36,000. Finally, Westside Investment Management Inc. grew its position in shares of Vornado Realty Trust by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 443 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.