Morgan Stanley Has Lowered Expectations for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its target price cut by equities researchers at Morgan Stanley from $32.00 to $28.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective suggests a potential upside of 9.55% from the stock’s current price.

Several other brokerages have also recently weighed in on VNO. Barclays decreased their price objective on Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. Mizuho dropped their target price on Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Truist Financial reduced their price target on Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Tuesday. Evercore decreased their price target on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Finally, Piper Sandler lowered their price target on 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. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $34.82.

Vornado Realty Trust Stock Performance

Shares of VNO opened at $25.56 on Tuesday. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 1.40 and a beta of 1.51. Vornado Realty Trust has a 12 month low of $24.57 and a 12 month high of $43.37. The firm has a fifty day simple moving average of $28.47 and a 200 day simple moving average of $33.79. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 1.44.

Vornado Realty Trust (NYSE:VNO) last issued 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). 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 analyst estimates of $440.23 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. Research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VNO. Rockefeller Capital Management L.P. raised its holdings in shares of Vornado Realty Trust by 6.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 10,533 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 680 shares during the period. Corient Private Wealth LLC lifted its stake in Vornado Realty Trust by 14.0% in the 4th quarter. Corient Private Wealth LLC now owns 45,759 shares of the real estate investment trust’s stock valued at $1,523,000 after purchasing an additional 5,602 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Vornado Realty Trust by 17.2% during the fourth quarter. Hsbc Holdings PLC now owns 303,616 shares of the real estate investment trust’s stock worth $10,106,000 after purchasing an additional 44,559 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Vornado Realty Trust during the fourth quarter worth about $86,000. Finally, Pacer Advisors Inc. increased its position in Vornado Realty Trust by 0.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,497,296 shares of the real estate investment trust’s stock worth $49,830,000 after buying an additional 7,559 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors and hedge funds.

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.