Piper Sandler Issues Pessimistic Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price objective decreased by equities researchers at Piper Sandler from $38.00 to $36.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s target price would indicate a potential upside of 11.11% from the company’s previous close.

A number of other research analysts have also recently weighed in on VNO. Scotiabank cut their price target on Vornado Realty Trust from $38.00 to $36.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 14th. Evercore cut their price objective on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. JPMorgan Chase & Co. upgraded shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective on the stock in a research note on Monday, November 24th. Finally, Mizuho cut their target price on shares of Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Vornado Realty Trust presently has an average rating of “Hold” and a consensus price target of $38.15.

Vornado Realty Trust Stock Performance

Vornado Realty Trust stock traded up $0.56 during midday trading on Wednesday, reaching $32.40. 1,640,277 shares of the company traded hands, compared to its average volume of 1,511,256. The business has a 50 day moving average of $33.27 and a two-hundred day moving average of $36.55. The company has a debt-to-equity ratio of 1.42, a current ratio of 5.58 and a quick ratio of 5.58. Vornado Realty Trust has a 12 month low of $29.68 and a 12 month high of $43.37. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 5.37 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 the consensus estimate of $0.57 by ($0.02). Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.80%. The firm had revenue of $453.71 million for the quarter, compared to the consensus estimate of $440.23 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On Vornado Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Danske Bank A S purchased a new stake in shares of Vornado Realty Trust during the 3rd quarter valued at $28,000. Advisory Services Network LLC bought a new position in shares of Vornado Realty Trust during the third quarter valued at approximately $33,000. Farmers & Merchants Investments Inc. increased its position in Vornado Realty Trust by 512.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 718 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of Vornado Realty Trust by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 443 shares during the period. Finally, Quent Capital LLC purchased a new position in shares of Vornado Realty Trust in the third quarter valued at about $39,000. 90.02% of the stock is 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.