Barclays Issues Pessimistic Forecast for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price objective reduced by equities research analysts at Barclays from $33.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s price objective points to a potential upside of 1.57% from the company’s current price.

VNO has been the subject of a number of other reports. Truist Financial decreased their price target on Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Vornado Realty Trust in a report on Monday, December 29th. Evercore decreased their price objective on shares of 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. JPMorgan Chase & Co. upgraded shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 target price for the company in a research note on Monday, November 24th. Finally, Mizuho cut their price target on shares of Vornado Realty Trust from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday. Three research 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. According to data from MarketBeat, Vornado Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $37.36.

Vornado Realty Trust Trading Down 5.5%

NYSE VNO opened at $27.57 on Thursday. Vornado Realty Trust has a 52 week low of $27.45 and a 52 week high of $43.37. The company has a 50 day moving average price of $31.82 and a 200 day moving average price of $35.77. 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 has a market cap of $5.26 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.52.

Vornado Realty Trust (NYSE:VNO) last released 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 return on equity of 18.64% and a net margin of 49.99%.The firm had revenue of $453.71 million during the quarter, compared to analysts’ expectations of $440.23 million. During the same period in the prior year, the firm posted $0.61 earnings per share. Vornado Realty Trust’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Institutional Trading of Vornado Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. raised its holdings in shares of 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 purchasing an additional 7,559 shares during the last quarter. Corient Private Wealth LLC grew its position in Vornado Realty Trust by 14.0% during the 4th quarter. Corient Private Wealth LLC now owns 45,759 shares of the real estate investment trust’s stock worth $1,523,000 after purchasing an additional 5,602 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Vornado Realty Trust by 7.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 70,543 shares of the real estate investment trust’s stock worth $2,348,000 after purchasing an additional 4,607 shares during the period. State of Tennessee Department of Treasury raised its stake in shares of Vornado Realty Trust by 7.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 694,757 shares of the real estate investment trust’s stock valued at $22,149,000 after buying an additional 49,046 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Vornado Realty Trust by 12.2% in the 4th quarter. Empowered Funds LLC now owns 7,252 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 791 shares during the period. 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.