Vornado Realty Trust (NYSE:VNO) Stock Rating Lowered by Wall Street Zen

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

Several other equities analysts have also recently commented on the company. Piper Sandler reduced their target price on Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Evercore reduced their price objective on shares of 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. Mizuho decreased their price objective on shares of Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 12th. JPMorgan Chase & Co. upgraded shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 target price on the stock in a research note on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.67.

Vornado Realty Trust Stock Up 1.9%

Shares of NYSE VNO opened at $29.90 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.25 and a current ratio of 5.25. Vornado Realty Trust has a 1 year low of $28.08 and a 1 year high of $43.37. The stock’s 50-day simple moving average is $32.94 and its 200-day simple moving average is $36.36. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 5.19 and a beta of 1.52.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.55 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 during the quarter, compared to analysts’ expectations of $440.23 million. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts anticipate 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 institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in shares of Vornado Realty Trust by 18.3% in the 1st quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock worth $1,017,000 after purchasing an additional 4,251 shares during the last quarter. AQR Capital Management LLC increased its position in Vornado Realty Trust by 18.7% in the first quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock worth $1,903,000 after buying an additional 8,189 shares during the period. Goldman Sachs Group Inc. lifted its stake in Vornado Realty Trust by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock valued at $22,705,000 after buying an additional 112,956 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Vornado Realty Trust by 18.8% during the second quarter. Truist Financial Corp now owns 7,677 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 1,214 shares during the period. Finally, US Bancorp DE grew its position in shares of Vornado Realty Trust by 1.3% during the second quarter. US Bancorp DE now owns 20,545 shares of the real estate investment trust’s stock worth $786,000 after acquiring an additional 259 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

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.