Vornado Realty Trust (NYSE:VNO) Price Target Lowered to $28.00 at Barclays

Vornado Realty Trust (NYSE:VNO) had its price target cut by Barclays from $33.00 to $28.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. Evercore dropped 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 note on Monday, December 15th. Wall Street Zen lowered Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Truist Financial reduced their price objective on Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. JPMorgan Chase & Co. raised Vornado Realty Trust from an “underweight” rating to a “neutral” rating and set a $41.00 price objective for the company in a research note on Monday, November 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vornado Realty Trust in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vornado Realty Trust has an average rating of “Hold” and a consensus target price of $37.36.

Vornado Realty Trust Stock Performance

NYSE VNO opened at $29.17 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.25 and a quick ratio of 5.25. Vornado Realty Trust has a 1-year low of $27.76 and a 1-year high of $43.37. The business has a 50 day simple moving average of $31.93 and a two-hundred day simple moving average of $35.83. The stock has a market capitalization of $5.56 billion, a PE ratio of 6.96, a P/E/G ratio of 1.42 and a beta of 1.52.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results 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 firm had revenue of $453.71 million for the quarter, compared to the consensus estimate of $440.23 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. On average, research analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, December 29th. Investors of record on Thursday, December 18th were paid a dividend of $0.74 per share. This represents a dividend yield of 220.0%. The ex-dividend date of this dividend was Thursday, December 18th. Vornado Realty Trust’s dividend payout ratio (DPR) is currently 17.66%.

Hedge Funds Weigh In On Vornado Realty Trust

Several hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in shares of Vornado Realty Trust by 18.3% in the 1st quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock valued at $1,017,000 after purchasing an additional 4,251 shares in the last quarter. AQR Capital Management LLC increased its holdings in Vornado Realty Trust by 18.7% during the first quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock valued at $1,903,000 after buying an additional 8,189 shares during the period. Goldman Sachs Group Inc. raised its stake in Vornado Realty Trust by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock worth $22,705,000 after buying an additional 112,956 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Vornado Realty Trust by 1.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 184,535 shares of the real estate investment trust’s stock worth $7,057,000 after buying an additional 2,292 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Vornado Realty Trust by 1.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 231,759 shares of the real estate investment trust’s stock valued at $8,862,000 after acquiring an additional 3,220 shares in the last quarter. 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.