Scotiabank Forecasts Strong Price Appreciation for Vornado Realty Trust (NYSE:VNO) Stock

Vornado Realty Trust (NYSE:VNO) had its target price raised by Scotiabank from $38.00 to $40.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 1.17% from the company’s previous close.

VNO has been the topic of several other research reports. Mizuho boosted their price objective on shares of Vornado Realty Trust from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday. Morgan Stanley reduced their price objective on shares of Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Truist Financial upped their target price on shares of Vornado Realty Trust from $28.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Citigroup increased their price target on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.83.

Vornado Realty Trust Stock Down 0.5%

Shares of VNO traded down $0.20 during mid-day trading on Tuesday, hitting $39.54. 730,514 shares of the company’s stock were exchanged, compared to its average volume of 1,913,033. The firm has a fifty day moving average of $36.40 and a two-hundred day moving average of $31.90. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 1.54. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 2.03 and a beta of 1.53.

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

Vornado Realty Trust declared that its Board of Directors has initiated a share buyback plan on Wednesday, April 29th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 5.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Vornado Realty Trust

In other news, Director Michael D. Fascitelli sold 133,350 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the sale, the director owned 475,161 shares in the company, valued at approximately $17,400,395.82. The trade was a 21.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Russell B. Wight, Jr. bought 4,000 shares of the stock in a transaction dated Monday, June 8th. The stock was purchased at an average cost of $16.94 per share, for a total transaction of $67,760.00. Following the acquisition, the director owned 13,000 shares in the company, 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

A number of institutional investors have recently modified their holdings of VNO. Danske Bank A S bought a new stake in Vornado Realty Trust during the 3rd quarter worth about $28,000. Farmers & Merchants Investments Inc. raised its position in shares of Vornado Realty Trust by 512.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 718 shares during the period. Essential Partners LLC boosted its position in shares of Vornado Realty Trust by 186.9% during the first quarter. Essential Partners LLC now owns 1,182 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 770 shares in the last quarter. Advisory Services Network LLC acquired a new position in Vornado Realty Trust in the third quarter valued at about $33,000. Finally, Employees Retirement System of Texas bought a new stake in Vornado Realty Trust during the 4th quarter worth approximately $36,000. Institutional investors own 90.02% of the company’s stock.

Key Stories Impacting Vornado Realty Trust

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

• Positive Sentiment: Mizuho raised its price target on Vornado Realty Trust from $34 to $42 and kept an outperform rating, implying modest upside from recent trading levels. Mizuho target raise report
• Positive Sentiment: Piper Sandler also boosted its target to $42 from $28, although it maintained a neutral rating. That suggests analysts see improved valuation support for VNO, but not a clear buy signal. Piper Sandler target raise report
• Neutral Sentiment: Vornado announced it will release second-quarter 2026 results on August 3 after market close and hold a conference call on August 4 at 10:00 a.m. ET. Investors will be looking for updates on leasing, occupancy, and financing conditions. Vornado earnings release date announcement
• Neutral Sentiment: Alexander’s, which is closely related to Vornado, also announced its own second-quarter earnings date and noted the upcoming Vornado conference call. This mainly reinforces the near-term earnings calendar rather than changing fundamentals. Alexander’s earnings release date announcement
• Negative Sentiment: Barclays raised its target to $34 but kept an underweight rating, signaling continued concern that VNO may be stretched relative to its current trading level. Barclays target raise report

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.