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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Vornado Realty Trust in the last twelve months. There are currently 5 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" VNO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VNO, but not buy additional shares or sell existing shares.
View VNO analyst ratings or view top-rated stocks.

11 brokers have issued 1-year target prices for Vornado Realty Trust's shares. Their VNO share price forecasts range from $11.00 to $23.00. On average, they anticipate the company's share price to reach $18.00 in the next year. This suggests a possible upside of 36.8% from the stock's current price.
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 stock has decreased by 36.8% and is now trading at $13.16.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our VNO earnings forecast.

Vornado Realty Trust (NYSE:VNO) issued its earnings results on Monday, May, 1st. The real estate investment trust reported $0.01 EPS 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 2.51% and a negative net margin of 20.39%. The company's revenue was up .9% compared to the same quarter last year. During the same period last year, the firm posted $0.79 EPS.
Read the conference call transcript.

Vornado Realty Trust announced a quarterly dividend on Wednesday, January 18th. Investors of record on Monday, January 30th will be paid a dividend of $0.375 per share on Friday, February 10th. This represents a $1.50 annualized dividend and a yield of 11.40%. The ex-dividend date is Friday, January 27th.
Read our dividend analysis for VNO.

ETFs with the largest weight of Vornado Realty Trust (NYSE:VNO) stock in their portfolio include Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Hoya Capital High Dividend Yield ETF (RIET), Invesco MSCI Green Building ETF (GBLD), Global X Green Building ETF (GRNR), AXS Green Alpha ETF (NXTE), Arrow Reverse Cap 500 ETF (YPS) and Invesco S&P MidCap 400 Pure Value ETF (RFV).

Vornado Realty Trust (NYSE:VNO) pays an annual dividend of $1.50 per share and currently has a dividend yield of 12.12%. 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.

Vornado Realty Trust declared that its board has approved a share buyback program on Wednesday, April 26th 2023, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is 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).

Vornado Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "VNO."

Vornado Realty Trust's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.66%), State Street Corp (5.06%), Price T Rowe Associates Inc. MD (2.33%), Franklin Resources Inc. (1.62%), Geode Capital Management LLC (1.42%) and Dimensional Fund Advisors LP (1.23%). Insiders that own company stock include Michael D Fascitelli and Russell B Wight Jr.
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Shares of VNO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VNO stock can currently be purchased for approximately $13.16.

Vornado Realty Trust (NYSE:VNO) has a market capitalization of $2.53 billion and generates $1.80 billion in revenue each year. The real estate investment trust earns $-346,500,000.00 in net income (profit) each year or ($2.24) on an earnings per share basis.

The company employs 3,146 workers across the globe.

Vornado Realty Trust's mailing address is 888 SEVENTH AVE, NEW YORK NY, 10019. The official website for the company is www.vno.com. The real estate investment trust can be reached via phone at (212) 894-7000 or via fax at 201-587-0600.