Vornado Realty Trust - VNO Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Vornado Realty Trust in the last twelve months. There are currently 3 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" VNO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VNO, but not buy additional shares or sell existing shares.
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7 Wall Street analysts have issued 12-month price targets for Vornado Realty Trust's shares. Their VNO share price forecasts range from $24.00 to $44.00. On average, they anticipate the company's share price to reach $33.14 in the next twelve months. This suggests a possible upside of 13.1% from the stock's current price.
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Vornado Realty Trust's stock was trading at $41.86 at the beginning of 2022. Since then, VNO stock has decreased by 30.0% and is now trading at $29.31.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our VNO earnings forecast.

Vornado Realty Trust (NYSE:VNO) posted its quarterly earnings results on Monday, August, 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.79 by $0.60. The real estate investment trust earned $453.49 million during the quarter, compared to analyst estimates of $430.43 million. Vornado Realty Trust had a net margin of 11.52% and a trailing twelve-month return on equity of 3.07%. The company's quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS.
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Vornado Realty Trust announced a quarterly dividend on Thursday, July 28th. Shareholders of record on Monday, August 8th will be given a dividend of $0.53 per share on Friday, August 19th. This represents a $2.12 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend is Friday, August 5th.
Read our dividend analysis for VNO.

Vornado Realty Trust (NYSE:VNO) pays an annual dividend of $2.12 per share and currently has a dividend yield of 7.53%. VNO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 321.22%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, VNO will have a dividend payout ratio of 68.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VNO.

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.

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).

Vornado Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "VNO."

Vornado Realty Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Private Management Group Inc. (0.49%), Pinebridge Investments L.P. (0.45%), Sumitomo Mitsui Trust Holdings Inc. (0.32%), Pzena Investment Management LLC (0.25%), National Bank of Canada FI (0.23%) and ING Groep NV (0.20%). Insiders that own company stock include Barry Langer, Michael D Fascitelli and William W Helman.
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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.
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One share of VNO stock can currently be purchased for approximately $29.31.

Vornado Realty Trust (NYSE:VNO) has a market capitalization of $5.62 billion and generates $1.59 billion in revenue each year. The real estate investment trust earns $176 million in net income (profit) each year or $0.66 on an earnings per share basis.

The company employs 3,224 workers across the globe.

Vornado Realty Trust's mailing address is 888 SEVENTH AVE, NEW YORK NY, 10019. The official website for the company is www.vno.com. The real estate investment trust can be reached via phone at (212) 894-7000 or via fax at 201-587-0600.