Mizuho Has Lowered Expectations for Vornado Realty Trust (NYSE:VNO) Stock Price

Vornado Realty Trust (NYSE:VNO) had its price objective cut by equities researchers at Mizuho from $40.00 to $34.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s target price points to a potential upside of 21.24% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Evercore cut 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. JPMorgan Chase & Co. raised shares of Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price target on the stock in a report on Monday, November 24th. Piper Sandler reduced their price objective on shares of Vornado Realty Trust from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Wall Street Zen lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.17.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $28.04 on Tuesday. The firm has a market cap of $5.35 billion, a P/E ratio of 6.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.52. 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 company’s 50 day moving average is $32.27 and its 200-day moving average is $35.99. Vornado Realty Trust has a 12-month low of $27.86 and a 12-month high of $43.37.

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). 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 analysts’ expectations of $440.23 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. Sell-side analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Hedge Funds Weigh In On Vornado Realty Trust

Several institutional investors have recently modified their holdings of VNO. Danske Bank A S bought a new stake in Vornado Realty Trust in the 3rd quarter worth approximately $28,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Vornado Realty Trust by 512.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 718 shares in the last quarter. Advisory Services Network LLC purchased a new position in Vornado Realty Trust in the 3rd quarter worth $33,000. Employees Retirement System of Texas bought a new stake in Vornado Realty Trust in the fourth quarter worth $36,000. Finally, Westside Investment Management Inc. boosted its position in Vornado Realty Trust by 100.0% during the third quarter. Westside Investment Management Inc. now owns 886 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 443 shares during the period. 90.02% of the stock is currently owned by institutional investors.

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.