Mizuho Cuts Vornado Realty Trust (NYSE:VNO) Price Target to $34.00

Vornado Realty Trust (NYSE:VNO) had its target price trimmed by Mizuho from $40.00 to $34.00 in a research note published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the stock. Piper Sandler reduced their price target on shares of 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. Truist Financial dropped their price objective on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. JPMorgan Chase & Co. upgraded Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 target price for the company in a research note on Monday, November 24th. Wall Street Zen lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, Scotiabank dropped their price target on Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Vornado Realty Trust has a consensus rating of “Hold” and an average price target of $37.36.

Vornado Realty Trust Price Performance

Shares of VNO opened at $29.17 on Tuesday. Vornado Realty Trust has a 52 week low of $27.76 and a 52 week high of $43.37. 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 cap of $5.56 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 1.42 and a beta of 1.52. The stock has a 50 day moving average of $31.93 and a 200-day moving average of $35.83.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results 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). The firm had revenue of $453.71 million for the quarter, compared to analyst estimates of $440.23 million. Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. As a group, analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Vornado Realty Trust Dividend Announcement

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

Hedge Funds Weigh In On Vornado Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Vornado Realty Trust by 48.0% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,439,438 shares of the real estate investment trust’s stock worth $55,044,000 after purchasing an additional 466,621 shares during the period. Norges Bank acquired a new position in Vornado Realty Trust during the 2nd quarter valued at about $665,094,000. American Century Companies Inc. increased 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 period. Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $105,316,000 after buying an additional 55,976 shares in the last quarter. Finally, SCS Capital Management LLC bought a new stake in shares of Vornado Realty Trust during the 2nd quarter worth about $9,975,000. 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.