Vornado Realty Trust (NYSE:VNO) Reaches New 12-Month Low - Time to Sell?

Key Points

• Vornado shares hit a new 52-week low of $25.28 (last $25.44) on heavy volume, trading well below its 50-day ($30.83) and 200-day ($35.22) moving averages.
• Multiple analysts have trimmed price targets and ratings recently; the consensus is a Hold with an average price target of $37 (3 Buys, 8 Holds, 1 Sell).
• The company slightly missed quarterly EPS ($0.55 vs. $0.57 est.) while beating revenue estimates, and shows a P/E of 6.14, debt/equity of 1.44, and roughly 90% institutional ownership, including a large position from Norges Bank.

Vornado Realty Trust (NYSE:VNO - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $25.28 and last traded at $25.4380, with a volume of 745312 shares trading hands. The stock had previously closed at $26.37.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Piper Sandler dropped their target price on shares of Vornado Realty Trust from $38.00 to $36.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 11th. Evercore dropped their price objective on shares of Vornado Realty Trust from $43.00 to $42.00 and set an "outperform" rating on the stock in a report on Monday, December 15th. Barclays cut 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, February 26th. Truist Financial decreased their target price on Vornado Realty Trust from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Tuesday, December 16th. Finally, Wall Street Zen cut Vornado Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 14th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $37.00.

Vornado Realty Trust Stock Performance

The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.53. The firm's 50-day moving average price is $30.83 and its two-hundred day moving average price is $35.22. The company has a debt-to-equity ratio of 1.44, a quick ratio of 5.25 and a current ratio of 5.25.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last issued its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share (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 company had revenue of $453.71 million for the quarter, compared to the consensus estimate of $440.23 million. During the same period in the previous year, the business posted $0.61 earnings per share. The firm's revenue was down .9% compared to the same quarter last year. 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 bought and sold shares of VNO. Centersquare Investment Management LLC grew its holdings 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 worth $128,572,000 after acquiring an additional 42,323 shares during the last quarter. Norges Bank bought a new position in shares of Vornado Realty Trust in the second quarter worth about $665,094,000. American Century Companies Inc. lifted its position in shares of Vornado Realty Trust by 12.8% during the second quarter. American Century Companies Inc. now owns 443,834 shares of the real estate investment trust's stock worth $16,972,000 after purchasing an additional 50,285 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Vornado Realty Trust by 2.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,754,069 shares of the real estate investment trust's stock valued at $105,316,000 after purchasing an additional 55,976 shares during the last quarter. Finally, Vestcor Inc bought a new stake in shares of Vornado Realty Trust during the third quarter valued at approximately $4,572,000. Institutional investors own 90.02% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.