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

Vornado Realty (NYSE:VNO) has received four indifferent and one bearish analyst ratings in the last quarter. The average 12-month price target for the company, according to five analysts, is $23.8, which has increased by 23.64% over the past month.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:00 pm

Goldman Sachs analyst Caitlin Burrows maintains a 'Sell' rating on Vornado Realty (NYSE:VNO) and raises the price target from $16 to $18.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 1:14 pm

Shares of REITs are trading lower due to a rise in Treasury yields, which could lead to a rotation out of dividend-paying stocks.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 7:06 pm

A Bloomberg survey reveals a bleak outlook for the U.S. office real estate market, with a majority of respondents predicting a severe downturn before recovery. The $1.5 trillion commercial real estate debt due by 2025, particularly the 25% tied to office buildings, is at risk. The Federal Reserve's tightening campaign has increased financing costs and reduced commercial property values. Regional banks, holding about 30% of office building debt, are under stress. The Real Estate Select Sector SPDR Fund (NYSE:XLRE) declined by 0.6% on Monday, reflecting the sector's turbulence. Several U.S. real estate stocks, including CBRE Group Inc. (NYSE:CBRE), Alexandria Real Estate Equities, Inc. (NYSE:ARE), Camden Property Trust (NYSE:CPT), SBA Communications Corp. (NASDAQ:SBAC), Boston Properties Inc. (NYSE:BXP), Vornado Realty Trust (NYSE:VNO), and Kilroy Realty Corp. (NYSE:KRC), have seen significant declines in their values.

Portfolio Pulse from Piero Cingari

October 02, 2023 | 3:51 pm

Vornado Realty (NYSE:VNO) has received indifferent analyst ratings in the last quarter, with no bullish or bearish ratings. The average 12-month price target for VNO is $25.25, which has increased by 24.2% over the past month.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 3:01 pm

Compass Point analyst Floris Van Dijkum has initiated coverage on Vornado Realty (NYSE:VNO) with a Neutral rating and a price target of $25.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 2:14 pm

Several analyst forecasts were released on Friday, with price target changes for Unity Software, Vornado Realty Trust, STAAR Surgical Company, BioLineRx, Adobe, KeyCorp, Apellis Pharmaceuticals, Estée Lauder Companies, Lindsay Corporation, New Relic, and MorphoSys. Most of the stocks were upgraded, with the exception of Vornado Realty Trust, Lindsay Corporation, and New Relic which were downgraded.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 11:17 am

Truist Securities analyst Michael Lewis has downgraded Vornado Realty (NYSE:VNO) from Buy to Hold, while raising the price target from $22 to $27.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 10:33 am

Truist Securities analyst Michael Lewis has maintained a 'Buy' rating on Vornado Realty (NYSE:VNO) but lowered the price target from $28 to $27.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 2:57 pm

Evercore ISI Group analyst Steve Sakwa maintains an In-Line rating on Vornado Realty (NYSE:VNO) and raises the price target from $21 to $25.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 10:48 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.