Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on Vornado Realty Trust (NYSE:VNO) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 4 | 4 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 2 | 1 | 1 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 2 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $36.33, along with a high estimate of $43.00 and a low estimate of $28.00. Experiencing a 7.37% decline, the current average is now lower than the previous average price target of $39.22.

Understanding Analyst Ratings: A Comprehensive Breakdown
In examining recent analyst actions, we gain insights into how financial experts perceive Vornado Realty Trust. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Nicholas Yulico | Scotiabank | Lowers | Sector Perform | $32.00 | $36.00 |
| Ross Smotrich | Barclays | Lowers | Underweight | $28.00 | $33.00 |
| Vikram Malhorta | Mizuho | Lowers | Outperform | $34.00 | $40.00 |
| Alexander Goldfarb | Piper Sandler | Lowers | Neutral | $36.00 | $38.00 |
| Steve Sakwa | Evercore ISI Group | Raises | Outperform | $43.00 | $42.00 |
| Nicholas Yulico | Scotiabank | Lowers | Sector Perform | $36.00 | $38.00 |
| Michael Lewis | Truist Securities | Lowers | Hold | $36.00 | $40.00 |
| Steve Sakwa | Evercore ISI Group | Lowers | Outperform | $42.00 | $43.00 |
| Vikram Malhorta | Mizuho | Lowers | Outperform | $40.00 | $43.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Vornado Realty Trust. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Vornado Realty Trust compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Vornado Realty Trust's stock. This analysis reveals shifts in analysts' expectations over time.
To gain a panoramic view of Vornado Realty Trust's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Vornado Realty Trust analyst ratings.
Unveiling the Story Behind Vornado Realty Trust
Vornado Realty Trust is a fully integrated real estate investment trust with a portfolio of New York City office, retail, and multifamily assets, and the developer of the new Penn District. While concentrated in New York, the trust also owns assets in both Chicago and San Francisco. It generates revenue in the form of property rentals, fees charged for trade shows, parking revenues, management and leasing fees, etc. Vornado operates in the following reportable segments: New York (its key revenue-generating market) and Other.
A Deep Dive into Vornado Realty Trust's Financials
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Over the 3M period, Vornado Realty Trust showcased positive performance, achieving a revenue growth rate of 2.36% as of 30 September, 2025. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Vornado Realty Trust's net margin is impressive, surpassing industry averages. With a net margin of 2.55%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 0.24%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Vornado Realty Trust's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.07% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.62, caution is advised due to increased financial risk.
The Basics of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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