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

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Vornado Realty Trust in the last year. There are currently 5 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" VNO shares.
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11 Wall Street analysts have issued 12 month target prices for Vornado Realty Trust's stock. Their VNO share price targets range from $13.00 to $31.00. On average, they predict the company's stock price to reach $23.55 in the next twelve months. This suggests that the stock has a possible downside of 16.7%.
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 beginning of 2023. Since then, VNO shares have increased by 35.8% and is now trading at $28.25.
View the best growth stocks for 2023 here.

Vornado Realty Trust saw a decrease in short interest in the month of December. As of December 15th, there was short interest totaling 18,070,000 shares, a decrease of 15.6% from the November 30th total of 21,420,000 shares. Based on an average trading volume of 2,870,000 shares, the short-interest ratio is presently 6.3 days. Approximately 10.9% of the shares of the company are short sold.
View Vornado Realty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
View our VNO earnings forecast.

Vornado Realty Trust (NYSE:VNO) announced its earnings results on Monday, May, 1st. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by $0.61. The real estate investment trust earned $445.92 million during the quarter, compared to analysts' expectations of $452.70 million. Vornado Realty Trust had a positive trailing twelve-month return on equity of 3.41% and a negative net margin of 17.99%. The company's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share.
Read the conference call transcript.

Vornado Realty Trust announced a quarterly dividend on Tuesday, December 5th. Stockholders of record on Friday, December 15th will be given a dividend of $0.30 per share on Wednesday, December 27th. This represents a $1.20 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for VNO.

Vornado Realty Trust (NYSE:VNO) pays an annual dividend of $1.20 per share and currently has a dividend yield of 4.25%. 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.

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 declared that its Board of Directors has initiated a stock buyback program on Wednesday, April 26th 2023, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership 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).

Shares of VNO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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