Vornado Realty Trust (NYSE:VNO) Reaches New 52-Week Low – Here’s What Happened

Vornado Realty Trust (NYSE:VNO)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $28.08 and last traded at $28.2990, with a volume of 674176 shares traded. The stock had previously closed at $29.07.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VNO shares. Wall Street Zen downgraded Vornado Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Mizuho reduced their target price on shares of Vornado Realty Trust from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, December 12th. Evercore lowered their price target on shares of Vornado Realty Trust from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Vornado Realty Trust in a report on Monday, December 29th. Finally, Truist Financial lowered their target price on shares of Vornado Realty Trust from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.67.

Vornado Realty Trust Price Performance

The business’s fifty day moving average price is $32.40 and its 200 day moving average price is $36.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 5.25 and a quick ratio of 5.25. The stock has a market cap of $5.35 billion, a P/E ratio of 6.69, a PEG ratio of 1.44 and a beta of 1.52.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Vornado Realty Trust had a return on equity of 18.64% and a net margin of 49.99%.The company had revenue of $453.71 million for the quarter, compared to analyst estimates of $440.23 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. Vornado Realty Trust’s revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Vornado Realty Trust Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, December 29th. Investors of record on Thursday, December 18th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a dividend yield of 220.0%. Vornado Realty Trust’s dividend payout ratio (DPR) is 17.66%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Spire Wealth Management lifted its holdings in Vornado Realty Trust by 19.6% in the 3rd quarter. Spire Wealth Management now owns 1,680 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 275 shares during the period. Bfsg LLC increased its stake in shares of Vornado Realty Trust by 5.9% during the third quarter. Bfsg LLC now owns 5,036 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 280 shares in the last quarter. Amalgamated Bank raised its stake in Vornado Realty Trust by 0.4% during the second quarter. Amalgamated Bank now owns 76,695 shares of the real estate investment trust’s stock valued at $2,933,000 after buying an additional 314 shares during the last quarter. ProShare Advisors LLC grew its position in Vornado Realty Trust by 4.7% during the 2nd quarter. ProShare Advisors LLC now owns 7,403 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 330 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Vornado Realty Trust by 4.8% during the fourth quarter. Farther Finance Advisors LLC now owns 7,706 shares of the real estate investment trust’s stock valued at $256,000 after buying an additional 351 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.