Barclays Cuts Vornado Realty Trust (NYSE:VNO) Price Target to $28.00

Vornado Realty Trust (NYSE:VNO) had its price target reduced by Barclays from $33.00 to $28.00 in a research report released on Thursday morning,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

VNO has been the topic of several other reports. Wall Street Zen cut shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Piper Sandler decreased their price target on Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a report on Monday, December 29th. Evercore reduced their price objective on 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. Finally, Scotiabank lowered their target price on 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 equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.36.

Vornado Realty Trust Trading Down 5.5%

Shares of VNO opened at $27.57 on Thursday. 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 stock has a market cap of $5.26 billion, a PE ratio of 6.58, a PEG ratio of 1.37 and a beta of 1.52. Vornado Realty Trust has a 1 year low of $27.45 and a 1 year high of $43.37. The stock has a 50 day simple moving average of $31.82 and a 200-day simple moving average of $35.77.

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 return on equity of 18.64% and a net margin of 49.99%.The company had revenue of $453.71 million for the quarter, compared to analyst estimates of $440.23 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. On average, sell-side analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Danske Bank A S bought a new position in Vornado Realty Trust during the third quarter worth about $28,000. Farmers & Merchants Investments Inc. boosted its stake 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 worth $29,000 after acquiring an additional 718 shares during the last quarter. Advisory Services Network LLC acquired a new position in Vornado Realty Trust during the third quarter valued at approximately $33,000. Employees Retirement System of Texas bought a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $36,000. Finally, Westside Investment Management Inc. raised its holdings in Vornado Realty Trust by 100.0% in the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 443 shares during the period. 90.02% of the stock is currently owned by 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.