Scotiabank Issues Positive Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price target lifted by Scotiabank from $38.00 to $40.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

VNO has been the topic of several other reports. Citigroup increased their target price on Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings upgraded Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Mizuho upped their price target on Vornado Realty Trust from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday. Piper Sandler increased their price objective on Vornado Realty Trust from $28.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Truist Financial lifted their price objective on Vornado Realty Trust from $28.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.83.

Vornado Realty Trust Stock Up 0.5%

Shares of Vornado Realty Trust stock opened at $39.93 on Tuesday. The company has a 50-day simple moving average of $36.57 and a two-hundred day simple moving average of $31.94. The stock has a market capitalization of $7.51 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 2.00 and a beta of 1.53. Vornado Realty Trust has a 52-week low of $24.57 and a 52-week high of $43.37. The company has a debt-to-equity ratio of 1.54, a quick ratio of 6.14 and a current ratio of 6.14.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The firm had revenue of $459.11 million for the quarter, compared to analysts’ expectations of $431.71 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. On average, analysts anticipate that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

Vornado Realty Trust announced that its board has approved a share repurchase program on Wednesday, April 29th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Michael D. Fascitelli sold 133,350 shares of Vornado Realty Trust stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the sale, the director owned 475,161 shares of the company’s stock, valued at $17,400,395.82. The trade was a 21.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Russell B. Wight, Jr. acquired 4,000 shares of Vornado Realty Trust stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average price of $16.94 per share, with a total value of $67,760.00. Following the transaction, the director owned 13,000 shares of the company’s stock, valued at $220,220. The trade was a 44.44% increase in their position. The disclosure for this purchase is available in the SEC filing. 9.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Vornado Realty Trust during the 4th quarter valued at about $579,709,000. Franklin Resources Inc. boosted its holdings in shares of Vornado Realty Trust by 1.6% in 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 during the last quarter. Price T Rowe Associates Inc. MD grew its position in Vornado Realty Trust by 21.4% during the fourth 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 buying an additional 1,598,643 shares during the period. State Street Corp increased its holdings in Vornado Realty Trust by 0.5% during the second quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust’s stock valued at $337,775,000 after buying an additional 39,767 shares during the last quarter. Finally, Resolution Capital Ltd increased its holdings in Vornado Realty Trust by 34.1% during the first quarter. Resolution Capital Ltd now owns 7,459,981 shares of the real estate investment trust’s stock valued at $193,885,000 after buying an additional 1,895,846 shares during the last quarter. 90.02% of the stock is owned by hedge funds and other institutional investors.

Vornado Realty Trust News Roundup

Here are the key news stories impacting Vornado Realty Trust this week:

• Positive Sentiment: Mizuho raised its price target on Vornado Realty Trust to $42 from $34 and kept an outperform rating, signaling more upside confidence. Mizuho raises Vornado price target
• Positive Sentiment: Piper Sandler lifted its target to $42 from $28, citing a more constructive view on the shares despite maintaining a neutral stance. Piper Sandler raises Vornado price target
• Positive Sentiment: Scotiabank also increased its target, to $40 from $38, suggesting the stock is roughly near fair value but still supported at current levels. Scotiabank raises Vornado price target
• Neutral Sentiment: Vornado announced it will report second-quarter earnings on August 3 after the close, followed by a conference call on August 4. That is a standard catalyst and keeps attention on upcoming results rather than changing fundamentals right away. Vornado earnings release date announcement
• Neutral Sentiment: Alexander’s, in which Vornado has an interest, also announced its own second-quarter earnings date, reinforcing the upcoming reporting season for the related real estate portfolio. Alexander’s earnings release date announcement
• Negative Sentiment: Not all analyst commentary was upbeat: Barclays raised its target to $34 but maintained an underweight rating, which reflects skepticism about the stock’s valuation and near-term upside. Barclays underweight rating on Vornado

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.