Vornado Realty Trust (VNO)

• Market cap: $7.89B
• 1 day: 0.90%
• 5 days: 10.44%
• 1 month: -7.64%
• 3 months: -2.15%
• 6 months: 40.16%
• Year to date: -2.96%
• 1 year: 59.75%
• 5 years: -38.45%
• 10 years: -63.51%
• Sector: Financials
• Industry: Real Estate Investment Trusts

About: Vornado owns and has an ownership interest in Class A office and retail properties highly concentrated in Manhattan, with additional properties in San Francisco and Chicago. It operates as a real estate investment trust.

Employees: 2,935

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

69% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 45

34% more capital invested

Capital invested by funds: $4.58B [Q2] → $6.13B (+$1.54B) [Q3]

33% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]

11% more call options, than puts

Call options by funds: $87.5M | Put options by funds: $79.1M

8% more funds holding

Funds holding: 335 [Q2] → 363 (+28) [Q3]

2% more repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 114

9.81% less ownership

Funds ownership: 91.51% [Q2] → 81.71% (-9.81%) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $34 18% downside
• Avg. target: $41 0% upside
• High target: $48 16% upside

7 analyst ratings

• positive: 2 29%
• neutral: 4 57%
• negative: 1 14%

Mizuho Vikram Malhorta 67% 1-year accuracy 12 / 18 met price target	16% upside $48	Outperform Upgraded	7 Jan 2025
Truist Securities Michael Lewis 64% 1-year accuracy 23 / 36 met price target	3% downside $40	Hold Maintained	4 Dec 2024
Compass Point Floris Van Dijkum 55% 1-year accuracy 11 / 20 met price target	3% downside $40	Neutral Maintained	6 Nov 2024
Evercore ISI Group Steve Sakwa 43% 1-year accuracy 23 / 53 met price target	9% upside $45	Outperform Maintained	6 Nov 2024
Barclays Ross Smotrich 33% 1-year accuracy 1 / 3 met price target	18% downside $34	Underweight Maintained	28 Oct 2024