Streetbeat News

VNO

Vornado Realty Trust

https://www.vno.com

Industry

REIT - Office

Vornado's portfolio is concentrated in the nation's key market "New York City" along with the premier asset in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy. The company owns and manages over 23 million square feet of LEED certified buildings and received the Energy Star Partner of the Year Award, Sustained Excellence 2019. In 2012, Vornado commemorated 50 years on the NYSE.

Open

41.46

Mkt cap

7.7B

Volume

2.2M

High

41.59

P/E Ratio

-145.04

52-wk high

46.63

Low

39.89

Div yield

0.01

52-wk low

21.16

Truist Securities analyst Michael Lewis has maintained a Hold rating on Vornado Realty (NYSE:VNO) and increased the price target from $27 to $30.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 4:35 pm

Vornado Realty (NYSE:VNO) has received 7 analyst ratings in the last quarter, with an average price target of $22.29, which is 29.59% higher than the previous target of $17.20 but still implies a downside from the current price of $31.2. The ratings consist of 2 indifferent, 2 somewhat bearish, and 3 bearish ratings. Analysts typically review stocks quarterly or after major company updates, considering financial performance and market risks.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 7:01 pm

BMO Capital analyst John Kim upgraded Vornado Realty (NYSE:VNO) from Underperform to Market Perform and set a price target of $31.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 11:57 am

Analysts have downgraded several REITs, potentially signaling a shift in momentum after a strong five-week run. Vornado Realty Trust (VNO) was downgraded by Evercore ISI Group from In-Line to Underperform with a raised price target. National Storage Affiliates Trust (NSA), CubeSmart (CUBE), Equity Residential (EQR), Gaming and Leisure Properties Inc. (GLPI), and Agree Realty Corp. (ADC) also saw downgrades from analysts with various adjustments to their price targets. Additionally, Wells Fargo downgraded three hotel REITs: Apple Hospitality REIT Inc. (APLE), Diamondrock Hospitality Co. (DRH), and Sunstone Hotel Investors Inc. (SHO).

Portfolio Pulse from Ethan Roberts

December 11, 2023 | 8:12 pm

The upcoming U.S. CPI data for November is highly anticipated as it may influence the Federal Reserve's interest rate decisions. October's CPI data led to significant market movements, with various ETFs experiencing notable changes in their stock prices. The SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), and iShares 20+ Year Treasury Bond ETF (TLT) saw increases, while the Invesco DB USD Index Bullish Fund ETF (UUP) decreased. Sector-specific ETFs like Invesco Solar ETF (TAN), SPDR Regional Banking ETF (KRE), SPDR Real Estate Select Sector (XLRE), ARK Innovation ETF (ARKK), and VanEck Gold Miners ETF (GDX) also had significant movements.

Portfolio Pulse from Piero Cingari

December 11, 2023 | 6:48 pm

Evercore ISI Group analyst Steve Sakwa has downgraded Vornado Realty (NYSE:VNO) from In-Line to Underperform, while raising the price target from $23 to $28.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 12:35 pm

Vornado Realty (NYSE:VNO) has received 6 analyst ratings in the last quarter, with an average 12-month price target of $20.67, a high of $27.00, and a low of $16.00. The ratings include 2 indifferent, 1 somewhat bearish, and 3 bearish. Over the past month, the average price target has increased by 21.59%. Analysts rate stocks based on research, financial statements, and insider communications, typically once per quarter.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 4:00 pm

Citigroup analyst Emmanuel Korchman has maintained a Sell rating on Vornado Realty (NYSE:VNO) but increased the price target from $12 to $18.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 3:39 pm

Azenta, Inc. reported Q4 earnings of 13 cents per share, surpassing estimates of 2 cents, with sales of $172.36 million against expectations of $163.9 million, causing its shares to rise 15.1%. Other stocks also moved higher, with Talis Biomedical exploring strategic alternatives and announcing a cost reduction plan, and various companies like Paysafe Limited and Sally Beauty Holdings reporting upbeat earnings. Adaptive Biotechnologies was maintained with an Overweight rating by Piper Sandler, and Agiliti, Inc. was upgraded by UBS. Zillow Group entered a new agreement with PHH Mortgage, and Snap Inc. saw gains following a deal to run Amazon shopping ads.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 3:39 pm

Shares of Real Estate Investment Trusts (REITs) are trading lower due to a rise in Treasury yields, which could put pressure on dividend-paying stocks.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 8:47 pm

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