Scotiabank Boosts Vornado Realty Trust (NYSE:VNO) Price Target to $40.00

Vornado Realty Trust (NYSE:VNO) had its price target lifted by equities researchers at Scotiabank from $38.00 to $40.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 3.83% from the stock’s current price.

VNO has been the subject of several other reports. Citigroup increased their target price on Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Truist Financial upped their price objective on Vornado Realty Trust from $28.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. raised their price objective on shares of Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. LADENBURG THALM/SH SH lifted their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, BMO Capital Markets boosted their target price on shares of Vornado Realty Trust from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.17.

Vornado Realty Trust Stock Down 3.6%

Shares of NYSE:VNO opened at $38.53 on Tuesday. Vornado Realty Trust has a 52-week low of $24.57 and a 52-week high of $43.37. The company has a market capitalization of $7.25 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 2.01 and a beta of 1.53. The company has a debt-to-equity ratio of 1.54, a quick ratio of 6.14 and a current ratio of 6.14. The company has a fifty day moving average of $36.73 and a 200-day moving average of $31.98.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data 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). The firm had revenue of $459.11 million for the quarter, compared to analyst estimates of $431.71 million. Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The company’s revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. On average, equities analysts predict that Vornado Realty Trust will post 2.35 EPS for the current fiscal year.

Vornado Realty Trust declared that its Board of Directors has initiated a share buyback program on Wednesday, April 29th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 133,350 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the sale, the director owned 475,161 shares of the company’s stock, valued at approximately $17,400,395.82. This represents a 21.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were acquired at an average price of $16.94 per share, with a total value of $67,760.00. Following the completion of the acquisition, the director owned 13,000 shares in the company, valued at approximately $220,220. This trade represents a 44.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 9.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VNO. Whitener Capital Management Inc. bought a new stake in shares of Vornado Realty Trust during the 2nd quarter valued at about $201,000. Yoffe Investment Management LLC acquired a new stake in Vornado Realty Trust during the second quarter worth approximately $212,000. Handelsbanken Fonder AB grew its stake in Vornado Realty Trust by 24.8% during the second quarter. Handelsbanken Fonder AB now owns 55,900 shares of the real estate investment trust’s stock worth $2,197,000 after purchasing an additional 11,100 shares during the period. Versant Capital Management Inc increased its holdings in Vornado Realty Trust by 106.1% in the second quarter. Versant Capital Management Inc now owns 1,750 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 901 shares in the last quarter. Finally, Eastern Bank increased its holdings in Vornado Realty Trust by 1,404.0% in the second quarter. Eastern Bank now owns 3,008 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 2,808 shares in the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust News Summary

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

• Positive Sentiment: Mizuho raised its price target on Vornado Realty Trust to $42 from $34 and kept an outperform rating, suggesting upside potential. Benzinga analyst update
• Positive Sentiment: Piper Sandler lifted its target to $42 from $28, while Scotiabank increased its target to $40 from $38, indicating analysts still see value in the stock. Benzinga analyst update
• Positive Sentiment: Vornado reported that its Q2 2026 earnings release will come on August 3, followed by a conference call on August 4, giving investors a near-term catalyst for a clearer view of operating performance. Vornado earnings release date announcement
• Neutral Sentiment: Zacks published a note calling VNO a “strong momentum stock,” which may support trader interest but does not change fundamentals. Zacks momentum article
• Negative Sentiment: A new analyst downgrade is the most likely reason for today’s weakness, offsetting the recent bullish target hikes and keeping sentiment mixed. Benzinga downgrade article

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.