Vornado Realty Trust (NYSE:VNO) Sets New 12-Month Low – Here’s What Happened

Shares of Vornado Realty Trust (NYSE:VNO) reached a new 52-week low on Friday . The company traded as low as $25.14 and last traded at $25.27, with a volume of 58842 shares traded. The stock had previously closed at $25.67.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Evercore lowered their target price on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. JPMorgan Chase & Co. decreased their price objective on Vornado Realty Trust from $41.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday. Piper Sandler lowered their price objective on Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Truist Financial dropped their target price on shares of Vornado Realty Trust from $34.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, March 17th. Finally, Mizuho reduced their target price on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.40.

Vornado Realty Trust Trading Down 3.8%

The stock has a fifty day simple moving average of $28.92 and a 200 day simple moving average of $34.13. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.25 and a current ratio of 5.25. The firm has a market cap of $4.71 billion, a P/E ratio of 5.90, a price-to-earnings-growth ratio of 1.33 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last announced 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). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The business 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 company earned $0.61 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, research analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vornado Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of VNO. Royal Bank of Canada raised its holdings in shares of Vornado Realty Trust by 18.3% during the first quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock valued at $1,017,000 after purchasing an additional 4,251 shares during the last quarter. AQR Capital Management LLC grew its position in Vornado Realty Trust by 18.7% in the 1st quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock worth $1,903,000 after purchasing an additional 8,189 shares during the period. Goldman Sachs Group Inc. grew its position in Vornado Realty Trust by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock worth $22,705,000 after purchasing an additional 112,956 shares during the period. American Century Companies Inc. raised its stake in Vornado Realty Trust by 12.8% during the 2nd quarter. American Century Companies Inc. now owns 443,834 shares of the real estate investment trust’s stock valued at $16,972,000 after buying an additional 50,285 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Vornado Realty Trust by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,754,069 shares of the real estate investment trust’s stock valued at $105,316,000 after buying an additional 55,976 shares during the last quarter. 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.