Vornado Realty Trust (NYSE:VNO) Reaches New 1-Year Low – Here’s Why

Vornado Realty Trust (NYSE:VNO) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $28.08 and last traded at $28.2990, with a volume of 674176 shares changing hands. The stock had previously closed at $29.07.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Piper Sandler lowered their target price on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a research note on Monday, December 29th. 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. JPMorgan Chase & Co. raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective for the company in a report on Monday, November 24th. Finally, Scotiabank cut their price objective on Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Three investment 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, Vornado Realty Trust has an average rating of “Hold” and an average target price of $37.82.

Vornado Realty Trust Stock Up 2.7%

The business’s 50 day simple moving average is $32.02 and its 200 day simple moving average is $35.88. 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 firm has a market capitalization of $5.46 billion, a PE ratio of 6.84, a PEG ratio of 1.39 and a beta of 1.52.

Vornado Realty Trust (NYSE:VNO) last announced 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 the consensus estimate of $440.23 million. During the same period in the previous year, the business posted $0.61 EPS. The firm’s revenue was down .9% on a year-over-year basis. On average, equities research analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Vornado Realty Trust Dividend Announcement

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

Institutional Trading of Vornado Realty Trust

Institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Vornado Realty Trust in the fourth quarter valued at $579,709,000. Franklin Resources Inc. boosted its stake in shares of Vornado Realty Trust by 1.6% during the 4th quarter. Franklin Resources Inc. now owns 12,504,170 shares of the real estate investment trust’s stock worth $416,139,000 after purchasing an additional 195,111 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in 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. State Street Corp raised its position in Vornado Realty Trust by 0.5% in the 2nd quarter. State Street Corp now owns 8,833,034 shares of the real estate investment trust’s stock worth $337,775,000 after purchasing an additional 39,767 shares during the period. Finally, Principal Financial Group Inc. raised its position in Vornado Realty Trust by 4.2% in the 4th quarter. Principal Financial Group Inc. now owns 6,044,708 shares of the real estate investment trust’s stock worth $201,168,000 after purchasing an additional 243,905 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.