Should I buy or sell Vornado Realty Trust stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Vornado Realty Trust in the last year. There are currently 5 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" VNO shares. View VNO analyst ratings or view top-rated stocks .

What is Vornado Realty Trust's stock price target for 2024?

11 Wall Street analysts have issued 12 month target prices for Vornado Realty Trust's stock. Their VNO share price targets range from $13.00 to $27.00. On average, they expect the company's share price to reach $20.91 in the next year. This suggests that the stock has a possible downside of 24.7%. View analysts price targets for VNO or view top-rated stocks among Wall Street analysts .

How have VNO shares performed in 2023?

Vornado Realty Trust's stock was trading at $20.81 at the beginning of the year. Since then, VNO stock has increased by 33.4% and is now trading at $27.76. View the best growth stocks for 2023 here .

When is Vornado Realty Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024. View our VNO earnings forecast .

How were Vornado Realty Trust's earnings last quarter?

Vornado Realty Trust (NYSE:VNO) posted its quarterly earnings data on Monday, May, 1st. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.62 by $0.61. The real estate investment trust earned $445.92 million during the quarter, compared to analysts' expectations of $452.70 million. Vornado Realty Trust had a negative net margin of 17.99% and a positive trailing twelve-month return on equity of 3.41%. The firm's revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 earnings per share. Read the conference call transcript .

How often does Vornado Realty Trust pay dividends? What is the dividend yield for Vornado Realty Trust?

Vornado Realty Trust declared a quarterly dividend on Wednesday, January 18th. Investors of record on Monday, January 30th will be given a dividend of $0.375 per share on Friday, February 10th. This represents a $1.50 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Friday, January 27th. Read our dividend analysis for VNO .

Is Vornado Realty Trust a good dividend stock?

Vornado Realty Trust (NYSE:VNO) pays an annual dividend of $0.38 per share and currently has a dividend yield of 1.40%. Read our dividend analysis for VNO .

What ETFs hold Vornado Realty Trust's stock?

ETFs with the largest weight of Vornado Realty Trust (NYSE:VNO) stock in their portfolio include Invesco MSCI Green Building ETF (GBLD) , Global X Green Building ETF (GRNR) , Global X Founder-Run Companies ETF (BOSS) , AXS Green Alpha ETF (NXTE) , Arrow Dow Jones Global Yield ETF (GYLD) , Invesco S&P MidCap 400 Pure Value ETF (RFV) , Invesco MSCI Sustainable Future ETF (ERTH) and Invesco MSCI Sustainable Future ETF (PZD) .

How will Vornado Realty Trust's stock buyback program work?

Vornado Realty Trust announced that its Board of Directors has approved a stock buyback plan on Wednesday, April 26th 2023, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

What is Michael D. Fascitelli's approval rating as Vornado Realty Trust's CEO?

19 employees have rated Vornado Realty Trust Chief Executive Officer Michael D. Fascitelli on Glassdoor.com . Michael D. Fascitelli has an approval rating of 49% among the company's employees. This puts Michael D. Fascitelli in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Vornado Realty Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Vornado Realty Trust investors own include Hawkins (HWKN) , AT&T (T) , Intel (INTC) , UnitedHealth Group (UNH) , Simon Property Group (SPG) , Johnson & Johnson (JNJ) , Pfizer (PFE) , Bank of America (BAC) , Wells Fargo & Company (WFC) and AbbVie (ABBV) .

Who are Vornado Realty Trust's major shareholders?

Vornado Realty Trust's stock is owned by many different institutional and retail investors. Top institutional investors include Kemnay Advisory Services Inc. (3.07%), Deutsche Bank AG (2.23%), Deutsche Bank AG (2.23%), Morgan Stanley (1.59%), Earnest Partners LLC (1.37%) and Charles Schwab Investment Management Inc. (1.34%). Insiders that own company stock include Michael D Fascitelli and Russell B Wight Jr . View institutional ownership trends .

How do I buy shares of Vornado Realty Trust?

Shares of VNO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Lowest-Rated StocksLowest-Rated

Vornado Realty Trust Stock Price, News & Analysis (NYSE:VNO)

$27.76

+1.00 (+3.74%)

(As of 12/4/2023 ET)

Compare

Today's Range: $26.49
▼
$27.80
50-Day Range: $19.21
▼
$27.76
52-Week Range: $12.31
▼
$27.80

Volume: 4.23 million shs
Average Volume: 3.73 million shs
Market Capitalization: $5.28 billion

P/E Ratio: N/A
Dividend Yield: 1.37%
Price Target: $20.91

Vornado Realty Trust MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.55 Rating Score
Upside/Downside: 24.7% Downside
$20.91 Price Target
Short Interest: Healthy
13.88% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -3.25
Upright™ Environmental Score
News Sentiment: 0.47
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -5.79%
From $2.59 to $2.44 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.63 out of 5 stars

Finance Sector

727th out of 822 stocks

Real Estate Investment Trusts Industry

144th out of 174 stocks

1.8

Analyst's Opinion

Consensus Rating
Vornado Realty Trust has received a consensus rating of Reduce. The company's average rating score is 1.55, and is based on no buy ratings, 6 hold ratings, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.91, Vornado Realty Trust has a forecasted downside of 24.7% from its current price of $27.76.
Amount of Analyst Coverage
Vornado Realty Trust has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
13.88% of the float of Vornado Realty Trust has been sold short.
Short Interest Ratio / Days to Cover
Vornado Realty Trust has a short interest ratio ("days to cover") of 8.3.
Change versus previous month
Short interest in Vornado Realty Trust has recently decreased by 5.28%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Vornado Realty Trust pays a meaningful dividend of 1.40%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Vornado Realty Trust does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Vornado Realty Trust will have a dividend payout ratio of 15.57% next year. This indicates that Vornado Realty Trust will be able to sustain or increase its dividend.

2.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Vornado Realty Trust has received a 5.27% net impact score from Upright. Vornado Realty seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Real estate funds investing in rental apartments", "Real estate funds investing in office buildings", and "Real estate development services of apartment buildings" products. See details.
Environmental Sustainability
The Environmental Impact score for Vornado Realty Trust is -3.25.

2.5

News and Social Media Coverage

News Sentiment
Vornado Realty Trust has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Vornado Realty Trust this week, compared to 5 articles on an average week.
MarketBeat Follows
2 people have added Vornado Realty Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Vornado Realty Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 8.03% of the stock of Vornado Realty Trust is held by insiders.
Percentage Held by Institutions
75.86% of the stock of Vornado Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Vornado Realty Trust are expected to decrease by -5.79% in the coming year, from $2.59 to $2.44 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Vornado Realty Trust is -13.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Vornado Realty Trust is -13.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Vornado Realty Trust has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Vornado Realty Trust Stock (NYSE:VNO)

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.

VNO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

VNO Stock News Headlines

December 1, 2023 | benzinga.com

Vornado Realty Unusual Options Activity

December 1, 2023 | finance.yahoo.com

Vornado (VNO) Surges 61% in 6 Months: Will the Trend Last?

December 5, 2023 | Wealthpress (Ad)

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November 30, 2023 | americanbankingnews.com

Vornado Realty Trust (NYSE:VNO) Receives Average Recommendation of "Reduce" from Analysts

November 29, 2023 | finance.yahoo.com

Vornado (VNO) Up 21.1% Since Last Earnings Report: Can It Continue?

November 29, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These NA Companies: Vornado Realty (VNO) and Federal Realty (FRT)

November 29, 2023 | americanbankingnews.com

Vornado Realty Trust (NYSE:VNO) Given New $18.00 Price Target at Citigroup

November 29, 2023 | americanbankingnews.com

Vornado Realty Trust (NYSE:VNO) Shares Up 5.2% Following Analyst Upgrade

December 5, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

November 14, 2023 | finance.yahoo.com

REITs Soar. Higher Interest Rates Could Be on Hold.

November 11, 2023 | seekingalpha.com

JBG SMITH: Time To Buy This Beaten Down REIT

November 2, 2023 | msn.com

Vornado Realty Trust: Potential Upside With Commons And 9.3% Yielding Preferreds

November 1, 2023 | finance.yahoo.com

Vornado Realty Trust (NYSE:VNO) Q3 2023 Earnings Call Transcript

November 1, 2023 | markets.businessinsider.com

Piper Sandler Reaffirms Their Sell Rating on Vornado Realty (VNO)

November 1, 2023 | finance.yahoo.com

Q3 2023 Alexander's Inc and Vornado Realty Trust Earnings Call

October 31, 2023 | finance.yahoo.com

Vornado's (VNO) FFO Meets Estimates in Q3, Revenues Miss

October 31, 2023 | finanznachrichten.de

Vornado Realty Trust: Vornado Announces Third Quarter 2023 Financial Results

October 31, 2023 | finance.yahoo.com

Compared to Estimates, Vornado (VNO) Q3 Earnings: A Look at Key Metrics

October 30, 2023 | seekingalpha.com

Vornado: Q3 Results Point To A Steady Decline, Leaving Shares Unappealing

October 30, 2023 | finance.yahoo.com

Vornado Announces Third Quarter 2023 Financial Results

October 30, 2023 | finance.yahoo.com

Vornado Realty Trust (VNO) Q3 2023 Earnings: Net Income Rises to $52.8 Million

October 22, 2023 | finance.yahoo.com

15 Affordable Places to Live Near NYC

October 17, 2023 | marketwatch.com

Vornado Realty Trust stock rises Tuesday, outperforms market

October 12, 2023 | msn.com

Goldman Sachs Maintains Vornado Realty Trust (VNO) Sell Recommendation

October 12, 2023 | finance.yahoo.com

12 Biggest Dividend Cuts and Suspensions of 2023

October 11, 2023 | seekingalpha.com

New York Office Risks Remain, But Vornado Is Appropriately Discounted

October 10, 2023 | finance.yahoo.com

Vornado Names Jason Kirschner Executive Vice President – Head of Capital Markets

See More Headlines

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Company Calendar

Last Earnings: 5/01/2023
Today: 12/04/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/12/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Diversified REITs
Sector: Finance
Current Symbol: NYSE:VNO
CUSIP: 92904210
CIK: 899689
Web: www.vno.com
Phone: (212) 894-7000
Fax: 201-587-0600
Employees: 3,146
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $20.91
High Stock Price Target: $27.00
Low Stock Price Target: $13.00
Potential Upside/Downside: -24.7%
Consensus Rating: Reduce
Rating Score (0-4): 1.55
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.02)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 10.72
P/E Growth: N/A
Net Income: $-346,500,000.00
Net Margins: -17.99%
Pretax Margin: -20.02%
Return on Equity: 3.41%
Return on Assets: 1.00%

Debt

Debt-to-Equity Ratio: 1.69
Current Ratio: 4.52
Quick Ratio: 4.52

Sales & Book Value

Annual Sales: $1.80 billion
Price / Sales: 2.94
Cash Flow: $3.84 per share
Price / Cash Flow: 7.23
Book Value: $25.51 per share
Price / Book: 1.09

Miscellaneous

Outstanding Shares: 190,320,000
Free Float: 175,039,000
Market Cap: $5.28 billion
Optionable: Optionable
Beta: 1.54

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Key Executives

Mr. Steven Roth (Age 81)
Chairman of the Board & CEO
Comp: $2.64M
Mr. Michael J. Franco (Age 54)
President & CFO
Comp: $2.57M
Mr. Glen J. Weiss (Age 52)
Executive VP of Office Leasing & Co-Head of Real Estate
Comp: $2.84M
Mr. Barry S. Langer (Age 44)
Executive VP of Development & Co-Head of Real Estate
Comp: $2.52M
Mr. Haim H. Chera (Age 53)
Executive VP & Head of Retail
Comp: $2.82M
Robert Larson
Senior Vice President of Operations
Ms. Deirdre K. Maddock
Senior VP & Chief Accounting Officer
Mr. Robert Entin
Chief Information Officer & Executive VP
Mr. Thomas Sanelli (Age 50)
Executive VP of Finance & Chief Administrative Officer
Ms. Catherine C. Creswell
Director of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VNO Stock Analysis - Frequently Asked Questions

Should I buy or sell Vornado Realty Trust stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Vornado Realty Trust in the last year. There are currently 5 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" VNO shares.
View VNO analyst ratings or view top-rated stocks.
What is Vornado Realty Trust's stock price target for 2024?: 11 Wall Street analysts have issued 12 month target prices for Vornado Realty Trust's stock. Their VNO share price targets range from $13.00 to $27.00. On average, they expect the company's share price to reach $20.91 in the next year. This suggests that the stock has a possible downside of 24.7%.
View analysts price targets for VNO or view top-rated stocks among Wall Street analysts.
How have VNO shares performed in 2023?: Vornado Realty Trust's stock was trading at $20.81 at the beginning of the year. Since then, VNO stock has increased by 33.4% and is now trading at $27.76.
View the best growth stocks for 2023 here.
When is Vornado Realty Trust's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
View our VNO earnings forecast.
How were Vornado Realty Trust's earnings last quarter?: Vornado Realty Trust (NYSE:VNO) posted its quarterly earnings data on Monday, May, 1st. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.62 by $0.61. The real estate investment trust earned $445.92 million during the quarter, compared to analysts' expectations of $452.70 million. Vornado Realty Trust had a negative net margin of 17.99% and a positive trailing twelve-month return on equity of 3.41%. The firm's revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 earnings per share.
Read the conference call transcript.
How often does Vornado Realty Trust pay dividends? What is the dividend yield for Vornado Realty Trust?: Vornado Realty Trust declared a quarterly dividend on Wednesday, January 18th. Investors of record on Monday, January 30th will be given a dividend of $0.375 per share on Friday, February 10th. This represents a $1.50 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Friday, January 27th.
Read our dividend analysis for VNO.
Is Vornado Realty Trust a good dividend stock?: Vornado Realty Trust (NYSE:VNO) pays an annual dividend of $0.38 per share and currently has a dividend yield of 1.40%.
Read our dividend analysis for VNO.

What ETFs hold Vornado Realty Trust's stock?: ETFs with the largest weight of Vornado Realty Trust (NYSE:VNO) stock in their portfolio include Invesco MSCI Green Building ETF (GBLD), Global X Green Building ETF (GRNR), Global X Founder-Run Companies ETF (BOSS), AXS Green Alpha ETF (NXTE), Arrow Dow Jones Global Yield ETF (GYLD), Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco MSCI Sustainable Future ETF (ERTH) and Invesco MSCI Sustainable Future ETF (PZD).
How will Vornado Realty Trust's stock buyback program work?: Vornado Realty Trust announced that its Board of Directors has approved a stock buyback plan on Wednesday, April 26th 2023, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.
What is Michael D. Fascitelli's approval rating as Vornado Realty Trust's CEO?: 19 employees have rated Vornado Realty Trust Chief Executive Officer Michael D. Fascitelli on Glassdoor.com. Michael D. Fascitelli has an approval rating of 49% among the company's employees. This puts Michael D. Fascitelli in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Vornado Realty Trust own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Vornado Realty Trust investors own include Hawkins (HWKN), AT&T (T), Intel (INTC), UnitedHealth Group (UNH), Simon Property Group (SPG), Johnson & Johnson (JNJ), Pfizer (PFE), Bank of America (BAC), Wells Fargo & Company (WFC) and AbbVie (ABBV).
Who are Vornado Realty Trust's major shareholders?: Vornado Realty Trust's stock is owned by many different institutional and retail investors. Top institutional investors include Kemnay Advisory Services Inc. (3.07%), Deutsche Bank AG (2.23%), Deutsche Bank AG (2.23%), Morgan Stanley (1.59%), Earnest Partners LLC (1.37%) and Charles Schwab Investment Management Inc. (1.34%). Insiders that own company stock include Michael D Fascitelli and Russell B Wight Jr.
View institutional ownership trends.
How do I buy shares of Vornado Realty Trust?: Shares of VNO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:VNO) was last updated on 12/5/2023 by MarketBeat.com Staff

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