Vornado Realty Trust
VNO
Market cap $7.6B

39.89 USD

+0.50

1.27%

At close Oct 9, 4:00 PM EDT

After hours

39.89

+0.00

0.00%

1 day

1.27%

5 days

1.94%

1 month

19.61%

3 months

50.64%

6 months

33.06%

Year to date

38.99%

1 year

85.28%

5 years

-36.14%

About: Vornado owns and has an ownership interest in Class A office and retail properties highly concentrated in Manhattan, with additional properties in San Francisco and Chicago. It operates as a real estate investment trust.

Employees: 2,935

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 13 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

12% more call options, than puts

Call options by funds: $51.5M | Put options by funds: $46M

6.97% more ownership

Funds ownership: 82.82% [Q1] → 89.79% (+6.97%) [Q2]

0% less capital invested

Capital invested by funds: $4.51B [Q1] → $4.5B (-$16.4M) [Q2]

7% less repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 124

9% less first-time investments, than exits

New positions opened: 41 | Existing positions closed: 45

1% less funds holding

Funds holding: 338 [Q1] → 334 (-4) [Q2]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]

See Fund Rankings

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$22

46%

downside

Avg. target

$32

20%

downside

High target

$40

0%

upside

13 analyst ratings

3 positive

23%

5 neutral

38%

5 negative

38%

Goldman Sachs Caitlin Burrows 42% 1-year accuracy 13 / 31 met price target	40%downside $24	Sell Maintained	12 Sept 2024
Scotiabank Nicholas Yulico 54% 1-year accuracy 14 / 26 met price target	17%downside $33	Sector Perform Maintained	4 Sept 2024
Evercore ISI Group Steve Sakwa 47% 1-year accuracy 25 / 53 met price target	2%downside $39	Outperform Maintained	28 Aug 2024
Goldman Sachs Caitlin Burrows 42% 1-year accuracy 13 / 31 met price target	46%downside $22	Sell Maintained	27 Aug 2024
Truist Securities Michael Lewis 78% 1-year accuracy 32 / 41 met price target	22%downside $31	Hold Maintained	27 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about VNO published over the past 30 days

Vornado Realty Trust Announces Primark will Open its First Manhattan Store in THE PENN DISTRICT

NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that Primark, the international clothing retailer, has signed a 78,760 square foot lease to open its first Manhattan store at 150 West 34th Street in THE PENN DISTRICT, one of the most desirable and convenient locations in Manhattan.

Vornado Realty Trust Announces Primark will Open its First Manhattan Store in THE PENN DISTRICT

Zacks Investment Research

Vornado Rises 57.6% in Three Months: Will the Trend Last?

Tenants' healthy demand for premier office spaces and portfolio-repositioning initiatives is well-poised to support VNO's performance.

Vornado Rises 57.6% in Three Months: Will the Trend Last?

Raise Cash And Sell Trash

As a dividend growth investor focused on income, I recommend raising cash and selling lower-quality stocks due to potential recession risks. Historical data shows that rate cuts often precede recessions, making it prudent to increase cash positions and reduce exposure to vulnerable stocks. Despite some reasonable buying opportunities, I prefer holding cash in ETFs like SGOV for liquidity and safety during uncertain economic times.

Raise Cash And Sell Trash

Zacks Investment Research

Medline to Expand at Vornado Realty's THE MART by 110,000 Square Feet

VNO securing of lease expansion with Medline at THE MART, Chicago, highlights healthy demand for the office-space building.

Medline to Expand at Vornado Realty's THE MART by 110,000 Square Feet

Medline Triples Its Presence at THE MART, Vornado Realty Trust's Iconic Downtown Chicago Property

Medline's 161,000 SF Lease Makes the Growing Healthcare Company One of THE MART's Largest Tenants Medline's 161,000 SF Lease Makes the Growing Healthcare Company One of THE MART's Largest Tenants

Medline Triples Its Presence at THE MART, Vornado Realty Trust's Iconic Downtown Chicago Property

Leverage In Real Estate Investing

Leverage amplifies both risks and rewards; strong fundamentals can mitigate high leverage risks, while weak fundamentals can worsen even low leverage scenarios. Vornado's low leverage couldn't save it from declining office property values, whereas NexPoint's high leverage was offset by strong apartment fundamentals. Mispricing exists in REITs due to the market's overemphasis on leverage metrics; Plymouth Industrial is undervalued despite strong fundamentals, unlike overvalued self-storage REITs with weak fundamentals.

Leverage In Real Estate Investing

Zacks Investment Research

Should You Retain Vornado Realty Trust in Your Portfolio Now?

VNO's premium assets in select high-rent markets, portfolio-repositioning efforts and a healthy balance sheet augur well. However, high-interest expense ails.

Should You Retain Vornado Realty Trust in Your Portfolio Now?

Zacks Investment Research

Vornado (VNO) Up 9.2% Since Last Earnings Report: Can It Continue?

Vornado (VNO) reported earnings 30 days ago. What's next for the stock?

Vornado (VNO) Up 9.2% Since Last Earnings Report: Can It Continue?

Zacks Investment Research

Vornado (VNO) Surges 35.6% in 6 Months: Will the Trend Last?

Vornado (VNO) is well-poised to gain from tenants' healthy demand for premier office spaces despite a high interest rate environment.

Vornado (VNO) Surges 35.6% in 6 Months: Will the Trend Last?

Vornado Realty Trust: My Largest Preferred Position Is The Series O

Vornado Realty Trust finished the second quarter with around $1.12 billion in cash, cash equivalents, restricted cash, and short-term investments. The REIT grew FFO by 2 cents over its prior first quarter as quarterly interest expense surged. Pending Fed rate cuts should benefit VNO immensely as the REIT looks to address its 2025 debt maturities.

Vornado Realty Trust: My Largest Preferred Position Is The Series O

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