Vornado Realty Trust
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: 2,996
0
Funds holding %
of 7,312 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
51% more call options, than puts
Call options by funds: $31.3M | Put options by funds: $20.7M
23% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 47
12% more repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 124
1% more funds holding
Funds holding: 385 [Q4 2024] → 387 (+2) [Q1 2025]
10.13% less ownership
Funds ownership: 92.67% [Q4 2024] → 82.55% (-10.13%) [Q1 2025]
22% less capital invested
Capital invested by funds: $7.43B [Q4 2024] → $5.83B (-$1.6B) [Q1 2025]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 3 (-1) [Q1 2025]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$38
2%
downside
Avg. target
$39
0%
upside
High target
$39
1%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
Truist Securities Michael Lewis | 2%downside $38 | Hold Maintained | 3 Jun 2025 |
Piper Sandler Alexander Goldfarb | 1%upside $39 | Neutral Maintained | 23 May 2025 |
Financial journalist opinion
Based on 5 articles about VNO published over the past 30 days
Positive
Barrons
2 weeks ago
New York Office REIT Sell-Off Overdone After NYC Mayoral Primary, Analyst Says
Piper Sandler says it's too soon to call the November election for mayor of New York City.
Negative
Reuters
2 weeks ago
New York banks, REITs fall as Mamdani's mayoral lead stokes rent freeze worries
Shares of several New York-based banks and real estate investment trusts fell on Wednesday as Zohran Mamdani's lead in New York City's Democratic mayoral primary stoked concerns that his proposed rent freeze could pressure building owners.
Negative
CNBC
2 weeks ago
Primary win by pro-rent freeze Mamdani knocks shares of Flagstar bank on NYC market exposure
Zohran Mamdani, who is now the likely favorite to win the general election in November, promised to freeze rent increases in stabilized units during his campaign. The New York City mayor has the power to appoint representatives to the regulatory board that oversees rent-controlled apartments.
Negative
Market Watch
2 weeks ago
Mamdani's victory could be a loss for investors in these New York City real-estate stocks
Worries about higher taxes for companies and ultrawealthy people and more regulations is hurting the stocks of some New York-focused real-estate investment trusts.
Positive
Zacks Investment Research
2 weeks ago
Vornado Stock Gains 8.7% in a Month: Will This Trend Continue?
VNO stock jumps 8.7% in a month as strong leasing momentum, refinancing moves and portfolio shifts boost investor confidence.
Neutral
PRNewsWire
1 month ago
Newmark Arranges $675 Million Refinancing for Independence Plaza in Manhattan
NEW YORK , June 10, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces it has arranged a $675 million loan on behalf of Vornado Realty Trust and Stellar Management for the refinancing of Independence Plaza, a 1,328-unit multifamily property located in the Tribeca neighborhood of Manhattan. Newmark Co-President of Global Debt & Structured Finance Jordan Roeschlaub and Vice Chairman Nick Scribani secured the financing from Deutsche Bank, Wells Fargo, Bank of America and Morgan Stanley.
Positive
Zacks Investment Research
1 month ago
Vornado's Joint Venture Boosts Strength With $675M Refinancing
VNO's JV locks in a $675 million refinancing for Manhattan's Independence Plaza at a higher fixed rate of 5.84% through June 2030.
Neutral
GlobeNewsWire
1 month ago
Vornado Completes Refinancing of Independence Plaza
NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 50.1% owned joint venture has completed a $675 million refinancing of Independence Plaza, a 1,328 unit residential complex in the Tribeca submarket of Manhattan. The five-year interest only loan matures in June 2030 and has a fixed rate of 5.84%. This loan replaces the prior $675 million loan that bore interest at 4.25% and was scheduled to mature in July 2025.
Positive
Zacks Investment Research
1 month ago
Is it Wise to Retain Vornado Realty Stock in Your Portfolio Now?
VNO is well-poised to benefit from its premium assets in select high-rent markets and portfolio-repositioning efforts, despite choppiness in the office real estate market.
Positive
Zacks Investment Research
1 month ago
Vornado (VNO) Up 1.2% Since Last Earnings Report: Can It Continue?
Vornado (VNO) reported earnings 30 days ago. What's next for the stock?
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