Vornado Realty Trust (NYSE:VNO) Price Target Raised to $39.00 at Truist Financial

Posted by Stanley Muller on Jun 26th, 2026

Vornado Realty Trust (NYSE:VNO – Get Free Report) had its target price lifted by equities researchers at Truist Financial from $28.00 to $39.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target indicates a potential upside of 0.83% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Citigroup increased their price target on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Morgan Stanley lowered their target price on Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Weiss Ratings upgraded Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. JPMorgan Chase & Co. upped their price objective on Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Piper Sandler lowered their price objective on Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Vornado Realty Trust has a consensus rating of “Hold” and an average target price of $36.33.

Check Out Our Latest Report on Vornado Realty Trust

Vornado Realty Trust Stock Up 1.6%

NYSE VNO traded up $0.60 during trading hours on Friday, hitting $38.68. 179,486 shares of the company traded hands, compared to its average volume of 1,951,255. The business’s 50-day moving average is $33.13 and its 200-day moving average is $31.24. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37. The company has a debt-to-equity ratio of 1.54, a quick ratio of 6.14 and a current ratio of 6.14. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 1.91 and a beta of 1.56.

Vornado Realty Trust (NYSE:VNO – Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Vornado Realty Trust had a net margin of 43.99% and a return on equity of 15.82%. The firm had revenue of $459.11 million during the quarter, compared to the consensus estimate of $431.71 million. During the same period last year, the business earned $0.63 EPS. The business’s revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that Vornado Realty Trust will post 2.34 earnings per share for the current year.

Vornado Realty Trust announced that its Board of Directors has authorized a share repurchase program on Wednesday, April 29th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Vornado Realty Trust

In other Vornado Realty Trust news, Director Michael D. Fascitelli sold 133,350 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the sale, the director directly owned 475,161 shares of the company’s stock, valued at $17,400,395.82. The trade was a 21.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was acquired at an average price of $16.94 per share, with a total value of $67,760.00. Following the completion of the transaction, the director owned 13,000 shares in the company, valued at approximately $220,220. This trade represents a 44.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 9.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of Vornado Realty Trust by 18.3% in the 1st quarter. Royal Bank of Canada now owns 27,507 shares of the real estate investment trust’s stock valued at $1,017,000 after buying an additional 4,251 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Vornado Realty Trust by 18.7% during the first quarter. AQR Capital Management LLC now owns 51,939 shares of the real estate investment trust’s stock worth $1,903,000 after acquiring an additional 8,189 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Vornado Realty Trust by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 613,806 shares of the real estate investment trust’s stock worth $22,705,000 after acquiring an additional 112,956 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Vornado Realty Trust in the second quarter worth approximately $763,000. Finally, California Public Employees Retirement System lifted its stake in shares of Vornado Realty Trust by 9.6% in the second quarter. California Public Employees Retirement System now owns 365,237 shares of the real estate investment trust’s stock worth $13,967,000 after acquiring an additional 32,028 shares during the period. 90.02% of the stock is owned by institutional investors and hedge funds.

Vornado Realty Trust Company Profile

(Get Free Report)

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.