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: 2,996
0
Funds holding %
of 7,407 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
56% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 39
24% more capital invested
Capital invested by funds: $6B [Q3] → $7.42B (+$1.42B) [Q4]
12.78% more ownership
Funds ownership: 79.86% [Q3] → 92.64% (+12.78%) [Q4]
4% more funds holding
Funds holding: 365 [Q3] → 381 (+16) [Q4]
2% more repeat investments, than reductions
Existing positions increased: 129 | Existing positions reduced: 127
0% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 4 (+0) [Q4]
27% less call options, than puts
Call options by funds: $57.9M | Put options by funds: $79M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$28
19%
downside
Avg. target
$34
0%
upside
High target
$44
27%
upside
5 analyst ratings
0 positive
0%
3 neutral
60%
2 negative
40%
Piper Sandler Alexander Goldfarb 32% 1-year accuracy 13 / 41 met price target | 10%upside $38 | Neutral Maintained | 10 Apr 2025 |
Barclays Ross Smotrich 50% 1-year accuracy 2 / 4 met price target | 7%downside $32 | Underweight Maintained | 14 Mar 2025 |
Morgan Stanley Ronald Kamdem 50% 1-year accuracy 7 / 14 met price target | 19%downside $28 | Equal-Weight Maintained | 14 Mar 2025 |
Goldman Sachs Caitlin Burrows 46% 1-year accuracy 12 / 26 met price target | 13%downside $30 | Sell Maintained | 25 Feb 2025 |
Compass Point Floris Van Dijkum 26% 1-year accuracy 5 / 19 met price target | 28%upside $44 | Neutral Maintained | 12 Feb 2025 |
Financial journalist opinion
Based on 5 articles about VNO published over the past 30 days
Positive
Zacks Investment Research
4 days ago
Vornado's Retail JV Boosts Strength With $450M Financing
VNO's retail JV completes $450-million financing of 1535 Broadway.
Neutral
GlobeNewsWire
4 days ago
Vornado's Retail JV Completes $450 Million Financing of 1535 Broadway
NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has completed a $450 million financing of 1535 Broadway, a premier Times Square retail destination with full blockfront 4K LED signage. The interest only, non–recourse loan carries a fixed rate of 6.90% and matures in May 2030.
Positive
Zacks Investment Research
1 week ago
Is it Wise to Retain Vornado Realty Stock in Your Portfolio Now?
VNO is well-poised to gain from its premium assets in select high-rent markets and portfolio-repositioning efforts despite choppiness in the office real estate market.
Positive
Zacks Investment Research
1 week ago
Vornado (VNO) Surges 10.3%: Is This an Indication of Further Gains?
Vornado (VNO) was a big mover last session on higher-than-average trading volume. The latest trend in FFO per share estimate revisions might help the stock continue moving higher in the near term.
Neutral
GlobeNewsWire
1 week ago
Vornado Releases 2024 Sustainability Report
NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) announced today that it released its 2024 Sustainability Report.
Neutral
Zacks Investment Research
1 month 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
Seeking Alpha
1 month ago
Vornado Realty: O Series Might Be The Best Option Right Now
The return-to-office trend has boosted Vornado Realty Trust's common shares, yet valuation concerns and a lower dividend yield likely make it a less attractive option. Vornado's 4.45% CUM PFD O shares offer an alternative, yielding 5%+ higher than Vornado's common shares. Moreover, O Series possesses less implied call and spread risk than other cumulative perpetuals. Some might reduce exposure to Vornado after its year-over-year run. However, reasons to maintain exposure to Vornado include, a systematic recovery in offices and optimism about PENN 2.
Positive
Seeking Alpha
1 month ago
REIT Replay: REIT Share Prices Tick Up During Week Ended Feb. 21
Share prices for US equity real estate investment trusts ticked up slightly during the week ended Feb. 21, outperforming the broader stock market. Looking at the Dow Jones US real estate property sector indexes, the retail REIT index logged the largest increase during the recent week, up 0.84%, followed by the apartment REIT index at 0.80%.
Positive
Seeking Alpha
2 months ago
Vornado Realty Trust Q4 Earnings: If You Want Office, Buy The Best
The office market continues to struggle post-pandemic, with high vacancy rates and distressed assets, but top operators like VNO are showing resilience. VNO's strong Q4 2024 earnings and significant leasing activity in NYC indicate a potential market recovery, with shares appreciating over 70% in the past year. VNO's strategic share repurchases and operational efficiencies have contributed to its success, despite the broader market challenges and high vacancy rates in Manhattan.
Positive
Seeking Alpha
2 months ago
Vornado Realty: I'm Buying The Dip In The Series O Preferreds As Manhattan Office Demand Soars
Vornado Realty Trust's shares are up more than 60% as the REIT recorded a strong fiscal 2024 fourth quarter earnings beat, despite a slight FFO dip. VNO's Series O preferreds trade at a significant discount to their liquidation value with a 7.5% yield on cost due to the high risk-free rate and perceived office property risks. Manhattan's office leasing market is robust, with VNO's occupancy projected to exceed 90% by 2025, bolstered by NYU's master lease and Penn 2's leasing.
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