Vornado Realty Trust (NYSE:VNO) Rating Lowered to “Sell” at Wall Street Zen

Vornado Realty Trust (NYSE:VNO) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

VNO has been the subject of several other reports. Truist Financial reduced their price target on Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. Mizuho cut their price objective on Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 12th. 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 report on Monday, December 15th. Scotiabank lowered their price target on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 14th. Finally, Piper Sandler cut their price target on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $37.67.

Vornado Realty Trust Stock Up 1.9%

VNO stock opened at $29.90 on Friday. The stock has a market capitalization of $5.70 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 5.10 and a beta of 1.52. The company has a fifty day moving average of $32.94 and a 200-day moving average of $36.40. 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 has a one year low of $28.08 and a one year high of $43.37.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly 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 firm 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 company’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. As a group, analysts expect that Vornado Realty Trust will post 2.31 EPS for the current year.

Hedge Funds Weigh In On Vornado Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VNO. Norges Bank purchased a new position in shares of Vornado Realty Trust during the 4th quarter worth approximately $579,709,000. Franklin Resources Inc. increased its position in Vornado Realty Trust by 1.6% during the fourth quarter. Franklin Resources Inc. now owns 12,504,170 shares of the real estate investment trust’s stock worth $416,139,000 after buying an additional 195,111 shares in the last quarter. State Street Corp raised its holdings in shares of Vornado Realty Trust by 0.5% in the second quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust’s stock worth $337,775,000 after acquiring an additional 39,767 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Vornado Realty Trust by 4.2% in the fourth quarter. Principal Financial Group Inc. now owns 6,044,708 shares of the real estate investment trust’s stock valued at $201,168,000 after acquiring an additional 243,905 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Vornado Realty Trust by 88.1% during the second quarter. JPMorgan Chase & Co. now owns 5,004,461 shares of the real estate investment trust’s stock valued at $191,371,000 after acquiring an additional 2,344,037 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

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.