Scotiabank Lowers Vornado Realty Trust (NYSE:VNO) Price Target to $32.00

Vornado Realty Trust (NYSE:VNO) had its price objective lowered by analysts at Scotiabank from $36.00 to $32.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price would suggest a potential upside of 17.18% from the company’s previous close.

Several other research firms have also weighed in on VNO. Weiss Ratings reissued a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Evercore decreased their target price on Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Piper Sandler lowered their target price on Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Truist Financial cut their price target on Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Finally, Barclays reduced their price objective on shares of Vornado Realty Trust from $33.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.00.

Vornado Realty Trust Trading Down 1.0%

Vornado Realty Trust stock traded down $0.27 during mid-day trading on Monday, hitting $27.31. 909,341 shares of the stock were exchanged, compared to its average volume of 1,889,011. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 1.37 and a beta of 1.53. Vornado Realty Trust has a 12 month low of $26.83 and a 12 month high of $43.37. 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 simple moving average is $31.82 and its two-hundred day simple moving average is $35.75.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings data 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 return on equity of 18.64% and a net margin of 49.99%.The firm had revenue of $453.71 million for the quarter, compared to analyst estimates of $440.23 million. During the same quarter last year, the company earned $0.61 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. Analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Vornado Realty Trust by 48.0% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,439,438 shares of the real estate investment trust’s stock valued at $55,044,000 after purchasing an additional 466,621 shares in the last quarter. Norges Bank purchased a new stake in Vornado Realty Trust in the 2nd quarter valued at $665,094,000. American Century Companies Inc. lifted its stake in Vornado Realty Trust by 12.8% during the 2nd quarter. American Century Companies Inc. now owns 443,834 shares of the real estate investment trust’s stock valued at $16,972,000 after acquiring an additional 50,285 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in Vornado Realty Trust by 1.4% during the 3rd quarter. Centersquare Investment Management LLC now owns 3,172,261 shares of the real estate investment trust’s stock valued at $128,572,000 after acquiring an additional 42,323 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Vornado Realty Trust by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,754,069 shares of the real estate investment trust’s stock worth $105,316,000 after acquiring an additional 55,976 shares during the last quarter. 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.