Vornado Realty Trust (VNO) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vornado Realty Trust in the last twelve months. There are currently 5 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" VNO shares.
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12 brokerages have issued 12-month target prices for Vornado Realty Trust's stock. Their VNO share price forecasts range from $11.00 to $24.00. On average, they anticipate the company's stock price to reach $18.60 in the next year. This suggests that the stock has a possible downside of 18.0%.
View analysts price targets for VNO or view top-rated stocks among Wall Street analysts.

Vornado Realty Trust's stock was trading at $20.81 at the start of the year. Since then, VNO stock has increased by 9.0% and is now trading at $22.69.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our VNO earnings forecast.

Vornado Realty Trust (NYSE:VNO) issued its quarterly earnings data on Monday, May, 1st. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.61. The real estate investment trust had revenue of $445.92 million for the quarter, compared to the consensus estimate of $452.70 million. Vornado Realty Trust had a negative net margin of 20.40% and a positive trailing twelve-month return on equity of 2.40%. The business's revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 earnings per share.
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Vornado Realty Trust declared a quarterly dividend on Wednesday, January 18th. Shareholders of record on Monday, January 30th will be paid a dividend of $0.375 per share on Friday, February 10th. This represents a $1.50 annualized dividend and a dividend yield of 6.61%. The ex-dividend date of this dividend is Friday, January 27th.
Read our dividend analysis for VNO.

ETFs with the largest weight of Vornado Realty Trust (NYSE:VNO) stock in their portfolio include Invesco MSCI Green Building ETF (GBLD), Global X Green Building ETF (GRNR), Global X Founder-Run Companies ETF (BOSS), AXS Green Alpha ETF (NXTE), Arrow Dow Jones Global Yield ETF (GYLD), Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco MSCI Sustainable Future ETF (ERTH) and Invesco MSCI Sustainable Future ETF (PZD).

Vornado Realty Trust (NYSE:VNO) pays an annual dividend of $0.90 per share and currently has a dividend yield of 3.99%. VNO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for VNO.

Vornado Realty Trust declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, April 26th 2023, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.67%), Geode Capital Management LLC (1.48%), Earnest Partners LLC (1.32%), Dimensional Fund Advisors LP (1.27%), Charles Schwab Investment Management Inc. (1.06%) and First Pacific Advisors LP (1.02%). Insiders that own company stock include Michael D Fascitelli and Russell B Wight Jr.
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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 $22.69.

Vornado Realty Trust (NYSE:VNO) has a market capitalization of $4.32 billion and generates $1.80 billion in revenue each year. The real estate investment trust earns $-346,500,000.00 in net income (profit) each year or ($2.26) on an earnings per share basis.

The company employs 3,146 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.