Truist Financial Has Lowered Expectations for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price target lowered by equities research analysts at Truist Financial from $29.00 to $28.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target indicates a potential upside of 9.55% from the stock’s previous close.

A number of other analysts have also recently issued reports on VNO. JPMorgan Chase & Co. lowered their price objective on Vornado Realty Trust from $41.00 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 25th. Evercore reduced their target price on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Barclays decreased their price target on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, February 26th. Scotiabank dropped their price objective on shares of Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. Finally, Piper Sandler reduced their price objective on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.82.

Vornado Realty Trust Stock Performance

NYSE:VNO opened at $25.56 on Tuesday. The firm’s 50-day moving average is $28.47 and its 200-day moving average is $33.79. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 1.40 and a beta of 1.51. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.25 and a current ratio of 5.25. Vornado Realty Trust has a 52-week low of $24.57 and a 52-week high of $43.37.

Vornado Realty Trust (NYSE:VNO) last released its earnings results on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share 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 company had revenue of $453.71 million during the quarter, compared to the consensus estimate of $440.23 million. During the same quarter in the previous year, the business posted $0.61 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts anticipate that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Hedge Funds Weigh In On Vornado Realty Trust

Several institutional investors have recently bought and sold shares of VNO. Norges Bank bought a new stake in shares of Vornado Realty Trust during the fourth quarter worth $579,709,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Vornado Realty Trust by 21.4% in the fourth 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 buying an additional 1,598,643 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Vornado Realty Trust by 27,787.3% in the third quarter. Pacer Advisors Inc. now owns 1,489,737 shares of the real estate investment trust’s stock valued at $60,379,000 after buying an additional 1,484,395 shares during the last quarter. Resolution Capital Ltd acquired a new position in Vornado Realty Trust during the 2nd quarter worth about $49,565,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Vornado Realty Trust by 393,598.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,051,175 shares of the real estate investment trust’s stock worth $34,983,000 after buying an additional 1,050,908 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

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.