Vornado Realty Trust (NYSE:VNO) Price Target Lowered to $34.00 at Mizuho

Vornado Realty Trust (NYSE:VNO) had its price target decreased by Mizuho from $40.00 to $34.00 in a report published on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the real estate investment trust’s stock.

Other research analysts have also issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Piper Sandler reduced their price target on Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Wall Street Zen lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Evercore reduced 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 report on Monday, December 15th. Finally, Scotiabank decreased their price target on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $37.82.

Vornado Realty Trust Stock Down 0.6%

Shares of Vornado Realty Trust stock opened at $27.87 on Tuesday. The company’s fifty day simple moving average is $32.13 and its two-hundred day simple moving average is $35.93. Vornado Realty Trust has a 12-month low of $27.76 and a 12-month high of $43.37. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 1.44. The company has a market cap of $5.31 billion, a P/E ratio of 6.65, a PEG ratio of 1.39 and a beta of 1.52.

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 for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $440.23 million. During the same period in the previous year, the firm posted $0.61 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. Research analysts anticipate that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Announces Dividend

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

Institutional Investors Weigh In On Vornado Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in VNO. Norges Bank purchased a new stake in Vornado Realty Trust during the fourth quarter valued at $579,709,000. JPMorgan Chase & Co. grew its stake in shares of 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 valued at $191,371,000 after purchasing an additional 2,344,037 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Vornado Realty Trust by 21.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust’s stock valued at $301,300,000 after purchasing an additional 1,598,643 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Vornado Realty Trust by 27,787.3% in the 3rd quarter. Pacer Advisors Inc. now owns 1,489,737 shares of the real estate investment trust’s stock worth $60,379,000 after purchasing an additional 1,484,395 shares during the period. Finally, Resolution Capital Ltd purchased a new position in shares of Vornado Realty Trust in the second quarter worth approximately $49,565,000. Institutional investors 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.