Morgan Stanley Cuts Vornado Realty Trust (NYSE:VNO) Price Target to $28.00

Vornado Realty Trust (NYSE:VNO) had its price objective lowered by Morgan Stanley from $32.00 to $28.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently commented on VNO. Wall Street Zen cut Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Evercore lowered their price objective on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Vornado Realty Trust in a report on Monday, December 29th. Scotiabank cut their target price on 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, Truist Financial reduced their price target on Vornado Realty Trust from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.82.

Vornado Realty Trust Stock Performance

VNO opened at $25.33 on Tuesday. The firm has a market capitalization of $4.83 billion, a PE ratio of 6.05, a PEG ratio of 1.38 and a beta of 1.51. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37. The firm’s 50-day moving average price is $28.32 and its 200 day moving average price is $33.74. 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 released its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates 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 company posted $0.61 EPS. The firm’s revenue was down .9% on a year-over-year basis. As a group, sell-side analysts expect that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Spire Wealth Management grew its position in Vornado Realty Trust by 19.6% in the third quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 275 shares during the period. Bfsg LLC lifted its stake in shares of Vornado Realty Trust by 5.9% in the 3rd quarter. Bfsg LLC now owns 5,036 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 280 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Vornado Realty Trust by 4.8% in the 4th quarter. Farther Finance Advisors LLC now owns 7,706 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 351 shares during the last quarter. Arjuna Capital grew its holdings in shares of Vornado Realty Trust by 5.4% during the 3rd quarter. Arjuna Capital now owns 6,942 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 358 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Vornado Realty Trust by 2.0% during the 4th quarter. Signaturefd LLC now owns 19,976 shares of the real estate investment trust’s stock worth $665,000 after purchasing an additional 389 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

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.