Vornado Realty Trust
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
58% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 48
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
31% more capital invested
Capital invested by funds: $4.55B [Q2] → $5.99B (+$1.43B) [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
11.1% less ownership
Funds ownership: 90.96% [Q2] → 79.86% (-11.1%) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$34
18%
downside
Avg. target
$40
3%
downside
High target
$45
8%
upside
6 analyst ratings
1 positive
17%
4 neutral
67%
1 negative
17%
Truist Securities Michael Lewis 74% 1-year accuracy 29 / 39 met price target | 4%downside $40 | Hold Maintained | 4 Dec 2024 |
Compass Point Floris Van Dijkum 80% 1-year accuracy 16 / 20 met price target | 4%downside $40 | Neutral Maintained | 6 Nov 2024 |
Evercore ISI Group Steve Sakwa 45% 1-year accuracy 24 / 53 met price target | 8%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 |
Scotiabank Nicholas Yulico 43% 1-year accuracy 15 / 35 met price target | 8%downside $38 | Sector Perform Maintained | 25 Oct 2024 |
Financial journalist opinion
Based on 5 articles about VNO published over the past 30 days
Negative
Seeking Alpha
2 weeks ago
Caveat Emptor: 2 REITs To Avoid
Caveat Emptor series aims to help investors avoid “sucker yields,” “value traps,” and “ugly ducklings” by highlighting risks and conducting due diligence. Dynex Capital is rated a sell due to poor operational performance, negative EPS, and unsustainable dividend payout ratios. Vornado Realty Trust is rated a sell due to declining AFFO, high geographic concentration risks, and a history of value erosion.
Neutral
GlobeNewsWire
2 weeks ago
Vornado Declares Common Dividend of $.74 Per Share
NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared a dividend of $.74 per common share. The dividend will be payable on December 27, 2024 to shareholders of record on December 16, 2024.
Positive
Zacks Investment Research
2 weeks ago
Vornado (VNO) Up 0.1% Since Last Earnings Report: Can It Continue?
Vornado (VNO) reported earnings 30 days ago. What's next for the stock?
Negative
Zacks Investment Research
3 weeks ago
Should You Retain Vornado Realty Stock in Your Portfolio Now?
VNO's premium assets in select high-rent markets and portfolio-repositioning efforts augur well despite ongoing choppiness in the office real estate market.
Positive
Zacks Investment Research
3 weeks ago
Vornado Stock Rises 81% in Six Months: Will the Trend Last?
Tenants' healthy demand for premier office spaces and portfolio-repositioning initiatives is well-poised to support VNO's performance.
Positive
Seeking Alpha
1 month ago
Vornado Realty Trust: Manhattan Is The Best Office Real Estate Market In America, Preferreds Should Rally
Manhattan is experiencing a generational wave of office-to-residential conversions that are taking the supply of office space off the market. Vornado Series O Preferreds are trading at just under 66 cents on the dollar. Leasing is strong, with VNO expecting its portfolio occupancy rate to rise on the back of recent leases.
Neutral
Seeking Alpha
1 month ago
Vornado: A Full Recovery Is Priced In
Vornado Realty Trust is one of the largest office real estate REITs in the markets. VNO's Q3 results were in line with estimates but showed YoY declines in revenue and FFO/share, reflecting a challenging environment. The demand for office space remains weak due to the rise of remote work, with significant vacancy rates and new supply entering the market.
Neutral
Seeking Alpha
1 month ago
Vornado Realty Trust (VNO) Q3 2024 Earnings Call Transcript
Vornado Realty Trust (NYSE:VNO ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Steven Borenstein - Senior Vice President and Corporate Counsel Steven Roth - Chairman and CEO Michael Franco - President and CFO Glen Weiss - Executive Vice President, Office Leasing and Co-Head, Real Estate Tom Sanelli - Executive Vice President, Finance and CAO Conference Call Participants John Kim - BMO Capital Markets Steve Sakwa - Evercore ISI Floris van Dijkum - Compass Point Dylan Burzinski - Green Street Capital Alexander Goldfarb - Piper Sandler Jeff Spector - Bank of America Michael Griffin - Citi Ronald Kamdem - Morgan Stanley Caitlin Burrows - Goldman Sachs Nick Yulico - Scotiabank Operator Good day. And welcome to the Vornado Realty Trust Third Quarter 2024 Earnings Call.
Positive
Zacks Investment Research
1 month ago
Vornado's Q3 FFO & Revenues Beat Estimates, Same-Store NOI Declines
VNO's Q3 results reflect better-than-anticipated revenues on decent leasing activity. However, total same-store NOI declines across the portfolio.
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, Vornado (VNO) Q3 Earnings: A Look at Key Metrics
The headline numbers for Vornado (VNO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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