JPMorgan Chase & Co. Cuts Vornado Realty Trust (NYSE:VNO) Price Target to $33.00

Vornado Realty Trust (NYSE:VNO) had its price objective dropped by analysts at JPMorgan Chase & Co. from $41.00 to $33.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 27.33% from the company’s current price.

Several other equities analysts have also recently weighed in on VNO. Piper Sandler dropped their price target on shares of 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. Wall Street Zen downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. 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. Scotiabank cut their target price on Vornado Realty Trust from $36.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. Finally, 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 report on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $36.40.

Vornado Realty Trust Stock Down 0.8%

VNO stock traded down $0.20 during midday trading on Wednesday, reaching $25.92. 389,850 shares of the company’s stock traded hands, compared to its average volume of 2,090,068. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 1.44. The firm’s fifty day moving average price is $29.41 and its 200-day moving average price is $34.40. Vornado Realty Trust has a 52 week low of $25.28 and a 52 week high of $43.37. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 6.26, a P/E/G ratio of 1.39 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $453.71 million during the quarter, compared to the consensus estimate of $440.23 million. Vornado Realty Trust had a net margin of 49.99% and a return on equity of 18.64%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $0.61 earnings per share. As a group, sell-side analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VNO. Norges Bank bought a new stake in Vornado Realty Trust during the fourth quarter valued at $579,709,000. JPMorgan Chase & Co. raised its position in shares of Vornado Realty Trust by 88.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,004,461 shares of the real estate investment trust’s stock valued at $191,371,000 after buying an additional 2,344,037 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Vornado Realty Trust by 21.4% during 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 purchasing an additional 1,598,643 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Vornado Realty Trust by 27,787.3% during the 3rd 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 in the last quarter. Finally, Resolution Capital Ltd purchased a new position in shares of Vornado Realty Trust during the second quarter worth approximately $49,565,000. 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.