Vornado Realty Trust (NYSE:VNO) Reaches New 12-Month Low Following Analyst Downgrade

Vornado Realty Trust (NYSE:VNO)’s share price hit a new 52-week low on Thursday after Piper Sandler lowered their price target on the stock from $38.00 to $36.00. Piper Sandler currently has a neutral rating on the stock. Vornado Realty Trust traded as low as $29.01 and last traded at $28.9950, with a volume of 1140172 shares traded. The stock had previously closed at $30.25.

Several other equities analysts also recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Evercore lowered their target price on shares of Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Scotiabank reduced their target price on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Mizuho lowered their price target on shares of Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Finally, JPMorgan Chase & Co. upgraded shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective for the company in a report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.67.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Vornado Realty Trust in the second quarter valued at $665,094,000. US Bancorp DE lifted its stake in Vornado Realty Trust by 1.3% during the second quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock worth $786,000 after purchasing an additional 259 shares during the last quarter. American Century Companies Inc. boosted its holdings in Vornado Realty Trust by 12.8% in the second quarter. American Century Companies Inc. now owns 443,834 shares of the real estate investment trust’s stock valued at $16,972,000 after purchasing an additional 50,285 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in Vornado Realty Trust by 48.0% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,439,438 shares of the real estate investment trust’s stock valued at $55,044,000 after purchasing an additional 466,621 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in Vornado Realty Trust by 18.8% during the second quarter. Truist Financial Corp now owns 7,677 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 1,214 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Vornado Realty Trust Trading Down 3.0%

The company has a market cap of $5.59 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 5.25 and a beta of 1.52. The company has a quick ratio of 5.58, a current ratio of 5.25 and a debt-to-equity ratio of 1.44. The business’s fifty day simple moving average is $33.04 and its two-hundred day simple moving average is $36.46.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data 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). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The company 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 company earned $0.61 EPS. The business’s revenue was down .9% on a year-over-year basis. On average, equities analysts predict that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Thursday, December 18th were paid a $0.74 dividend. The ex-dividend date was Thursday, December 18th. This represents a yield of 220.0%. Vornado Realty Trust’s payout ratio is currently 17.66%.

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.