Overview
Vornado Realty Trust is a real estate investment trust (REIT) based in the United States, primarily involved in the ownership and management of commercial real estate. With a significant presence in New York City, the company's portfolio predominantly includes office buildings and street retail spaces. Key projects illustrative of Vornado's strategic focus include the extensive redevelopment of the Pennsylvania Station area in Manhattan, known as the Penn District, which aims to transform and revitalize this critical transit hub and its surrounding properties. Additionally, Vornado maintains a notable investment in high-profile properties such as 555 California Street in San Francisco, further diversifying its asset base geographically and enhancing its market footprint in major urban centers.
Basic Stats
The share price of Vornado Realty Trust as of 4 September 2025 is US$39.97 / share. This is an increase of 5.46% from the prior week. The market cap (or net worth) of Vornado Realty Trust as of 5 September 2025 is US$7,675.53 MM.
The Factor Analysis chart (below right) shows a view of Vornado Realty Trust from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 7,675.53 MM |
| EV | 15,724.16 MM |
| Shares Out. | 192.04 MM |
| Earnings Date | |
| EPS (TTM) | 4.56 |
| Dividend Yield | 185.15 % |
| Ex-Dividend Date | 2024-12-16 |
| Borrow Rate | |
| Short Shares Avail. | |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | 17.90 % |
| Volatility (1 yr) | 0.36 |
| Beta | 1.57 |
| Sharpe Ratio (1 yr) | 0.38 |
| Sortino Ratio (1 yr) | 0.62 |
| PE Ratio | 8.77 |
| Price/Book | 1.09 |
| Price/TBV | 1.60 |
| Book/Market | 0.91 |
| EBIT/EV | 0.06 |
| EBIT(3yr avg)/EV | 0.01 |
| ROA | 0.05 |
| ROE | 0.14 |
| ROIC | 0.06 |
| CROIC | 0.02 |
| OCROIC | 0.09 |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | 72.41 /100 |
| Profitability | 63.34 /100 |
| Quality Score | 48.69 /100 |
| Value Score | 40.53 /100 |
| Momentum Score | 36.37 /100 |
| Stability (Low Vol) Score | 61.37 /100 |
| Analyst Sentiment | 25.08 /100 |
| Fund Sentiment | 33.44 /100 |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | |
| QVM Score | |
| Piotroski F-SCORE |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Vornado Realty Trust is US$40.32. The forecasts range from a low of US$30.65 to a high of US$48.85. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Vornado Realty Trust. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2024-06-12 | BMO Capital | Market Perform | Market Perform | Maintains |
| 2024-05-24 | Barclays | Underweight | Underweight | Maintains |
| 2024-05-16 | Scotiabank | Sector Perform | Sector Perform | Maintains |
| 2024-05-13 | Piper Sandler | Underweight | Underweight | Maintains |
| 2024-05-08 | Compass Point | Neutral | Neutral | Maintains |
| 2024-03-28 | Morgan Stanley | Underweight | Equal-Weight | Upgrade |
| 2024-03-08 | Truist Securities | Hold | Hold | Maintains |
| 2024-02-22 | Goldman Sachs | Sell | Sell | Maintains |
| 2024-02-15 | Evercore ISI Group | Underperform | Underperform | Maintains |
| 2023-12-20 | Truist Securities | Hold | Hold | Maintains |
| 2023-12-20 | Piper Sandler | Underweight | Underweight | Maintains |
| 2023-12-15 | BMO Capital | Underperform | Market Perform | Upgrade |
| 2023-12-11 | Evercore ISI Group | In-Line | Underperform | Downgrade |
| 2023-11-28 | Citigroup | Sell | Sell | Maintains |
| 2023-11-07 | Goldman Sachs | Sell | Sell | Maintains |
| 2023-11-01 | Piper Sandler | Underweight | Underweight | Maintains |
| 2023-10-12 | Goldman Sachs | Sell | Sell | Maintains |
| 2023-09-26 | Compass Point | Neutral | Initiate | |
| 2023-09-15 | Truist Securities | Buy | Hold | Downgrade |
| 2023-08-17 | Evercore ISI Group | In-Line | In-Line | Maintains |
| 2023-08-08 | B of A Securities | Neutral | Neutral | Maintains |
| 2023-05-30 | Morgan Stanley | Underweight | Underweight | Maintains |
| 2023-05-03 | Piper Sandler | Underweight | Maintains | |
| 2023-04-27 | Piper Sandler | Neutral | Underweight | Downgrade |
| 2023-03-31 | Morgan Stanley | Underweight | Maintains | |
| 2023-03-21 | Goldman Sachs | Sell | Reiterate | |
| 2023-03-21 | Piper Sandler | Underweight | Neutral | Upgrade |
| 2023-03-20 | Truist Securities | Buy | Maintains | |
| 2023-03-09 | Morgan Stanley | Underweight | Maintains | |
| 2023-03-03 | BMO Capital | Market Perform | Underperform | Downgrade |
| 2023-01-04 | Mizuho | Underperform | Neutral | Upgrade |
| 2022-12-14 | Citigroup | Neutral | Sell | Downgrade |
| 2022-11-23 | Morgan Stanley | Underweight | Maintains | |
| 2022-11-22 | Argus Research | Buy | Hold | Downgrade |
| 2022-10-19 | Mizuho | Underperform | Maintains | |
| 2022-10-13 | Deutsche Bank | Hold | Maintains | |
| 2022-10-07 | Piper Sandler | Underweight | Maintains | |
| 2022-09-19 | Evercore ISI Group | In-Line | Maintains | |
| 2022-09-14 | Truist Securities | Buy | Maintains | |
| 2022-09-09 | Morgan Stanley | Underweight | Maintains | |
| 2022-08-24 | Mizuho | Underperform | Maintains | |
| 2022-07-20 | Deutsche Bank | Hold | Maintains | |
| 2022-07-19 | Morgan Stanley | Underweight | Maintains | |
| 2022-07-06 | Mizuho | Underperform | Maintains | |
| 2022-06-30 | Truist Securities | Buy | Maintains | |
| 2022-06-15 | Truist Securities | Buy | Maintains | |
| 2022-06-01 | Morgan Stanley | Underweight | Maintains | |
| 2022-05-31 | BMO Capital | Outperform | Market Perform | Downgrade |
| 2022-05-04 | Piper Sandler | Neutral | Underweight | Downgrade |
| 2022-04-22 | Mizuho | Underperform | Initiate | |
| 2021-10-06 | Citigroup | Neutral | Maintains | |
| 2021-09-24 | B of A Securities | Underperform | Neutral | Upgrade |
| 2021-07-07 | Morgan Stanley | Underweight | Maintains | |
| 2021-04-16 | Morgan Stanley | Underweight | Maintains | |
| 2021-04-14 | B of A Securities | Neutral | Underperform | Downgrade |
| 2021-01-22 | Truist Securities | Hold | Buy | Upgrade |
| 2021-01-12 | Evercore ISI Group | Underperform | In-Line | Upgrade |
| 2020-12-14 | Morgan Stanley | Underweight | Maintains | |
| 2020-11-16 | B of A Securities | Neutral | Maintains | |
| 2020-10-19 | Evercore ISI Group | In-Line | Underperform | Downgrade |
| 2020-06-25 | Morgan Stanley | Underweight | Maintains | |
| 2020-05-28 | Morgan Stanley | Equal-Weight | Underweight | Downgrade |
| 2020-05-06 | Stifel | Hold | Sell | Downgrade |
| 2020-05-05 | CFRA | Hold | Maintains | |
| 2020-04-07 | Citigroup | Buy | Neutral | Downgrade |
| 2020-04-06 | Piper Sandler | Neutral | Maintains | |
| 2020-04-03 | Stifel | Hold | Maintains | |
| 2020-02-20 | B of A Securities | Buy | Neutral | Downgrade |
| 2020-01-16 | SunTrust Robinson Humphrey | Buy | Hold | Downgrade |
| 2020-01-14 | Barclays | Equal-Weight | Maintains | |
| 2019-12-19 | BMO Capital | Outperform | Maintains | |
| 2019-12-05 | SunTrust Robinson Humphrey | Buy | Maintains | |
| 2019-11-08 | Goldman Sachs | Neutral | Initiate | |
| 2019-10-11 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| 2019-09-06 | Citigroup | Buy | Maintains | |
| 2019-08-20 | Argus Research | Buy | Hold | Downgrade |
| 2019-04-10 | Deutsche Bank | Hold | Hold | Maintains |
| 2018-12-19 | JP Morgan | Neutral | Underweight | Downgrade |
| 2018-12-03 | Sandler O'Neill | Buy | Hold | Downgrade |
| 2018-10-29 | Citigroup | Buy | Buy | Maintains |
| 2018-09-14 | Argus | Buy | Buy | Maintains |
| 2018-06-26 | Deutsche Bank | Hold | Hold | Maintains |
| 2018-06-14 | Morgan Stanley | Overweight | Overweight | Maintains |
| 2018-06-11 | Evercore ISI Group | In-Line | Outperform | Upgrade |
| 2018-04-26 | JP Morgan | Neutral | Neutral | Maintains |
| 2018-03-26 | Morgan Stanley | Overweight | Overweight | Maintains |
| 2018-03-16 | BMO Capital | Outperform | Initiate | |
| 2018-01-22 | SunTrust Robinson Humphrey | Hold | Buy | Upgrade |
| 2017-12-15 | JP Morgan | Overweight | Neutral | Downgrade |
| 2017-12-04 | Evercore ISI Group | Outperform | In-Line | Downgrade |
| 2017-10-10 | Morgan Stanley | Equal-Weight | Overweight | Upgrade |
| 2017-08-30 | Stifel Nicolaus | Buy | Hold | Downgrade |
| 2017-08-24 | Argus | Hold | Buy | Upgrade |
| 2017-07-19 | Citigroup | Buy | Maintains | |
| 2017-07-18 | Barclays | Equal-Weight | Maintains | |
| 2017-07-10 | Evercore ISI Group | In-Line | Outperform | Upgrade |
| 2016-11-30 | JP Morgan | Overweight | Maintains | |
| 2016-11-11 | Bank of America | Neutral | Buy | Upgrade |
| 2016-07-19 | Barclays | Equal-Weight | Maintains | |
| 2016-07-07 | Citigroup | Buy | Maintains | |
| 2016-05-16 | Deutsche Bank | Hold | Maintains | |
| 2016-05-16 | Evercore ISI Group | Hold | Buy | Upgrade |
| 2016-04-12 | Credit Suisse | Neutral | Outperform | Upgrade |
| 2016-03-21 | Evercore ISI Group | Hold | Maintains | |
| 2016-03-21 | Deutsche Bank | Hold | Maintains | |
| 2016-01-26 | Barclays | Overweight | Equal-Weight | Downgrade |
| 2015-10-20 | Barclays | Overweight | Maintains | |
| 2015-09-08 | Evercore ISI Group | Hold | Maintains | |
| 2015-09-04 | Barclays | Overweight | Maintains | |
| 2015-09-03 | SunTrust Robinson Humphrey | Neutral | Maintains | |
| 2015-08-20 | Credit Suisse | Underperform | Neutral | Upgrade |
| 2015-07-13 | Goldman Sachs | Buy | Neutral | Downgrade |
| 2015-07-02 | JP Morgan | Overweight | Maintains | |
| 2015-04-20 | Barclays | Overweight | Maintains | |
| 2015-01-26 | Deutsche Bank | Hold | Maintains | |
| 2015-01-22 | Barclays | Overweight | Maintains | |
| 2015-01-20 | Citigroup | Buy | Maintains | |
| 2014-12-22 | Barclays | Overweight | Maintains | |
| 2014-12-15 | Citigroup | Buy | Maintains | |
| 2014-12-11 | Deutsche Bank | Hold | Maintains | |
| 2014-11-12 | Credit Suisse | Neutral | Initiate | |
| 2014-11-11 | Stifel Nicolaus | Buy | Maintains | |
| 2014-08-21 | Deutsche Bank | Hold | Maintains | |
| 2014-07-21 | Barclays | Overweight | Maintains | |
| 2014-07-17 | Deutsche Bank | Hold | Maintains | |
| 2014-06-27 | JP Morgan | Overweight | Maintains | |
| 2014-05-07 | Stifel Nicolaus | Buy | Maintains | |
| 2014-05-05 | ISI Group | Cautious | Neutral | Upgrade |
| 2014-04-29 | JP Morgan | Overweight | Maintains | |
| 2014-04-15 | Deutsche Bank | Hold | Maintains | |
| 2014-04-14 | Citigroup | Buy | Maintains | |
| 2014-04-09 | Stifel Nicolaus | Buy | Maintains | |
| 2014-03-06 | Goldman Sachs | Buy | Initiate | |
| 2014-02-26 | Imperial Capital | Outperform | In-Line | Downgrade |
| 2013-11-21 | Citigroup | Buy | Maintains | |
| 2013-11-06 | Imperial Capital | Outperform | Maintains | |
| 2013-05-08 | Imperial Capital | Outperform | Maintains | |
| 2013-04-30 | Imperial Capital | Outperform | Maintains | |
| 2013-04-04 | Stifel Nicolaus | Hold | Buy | Upgrade |
| 2013-03-08 | Sandler O'Neill | Hold | Buy | Upgrade |
| 2013-03-04 | ISI Group | Cautious | Neutral | Upgrade |
| 2013-01-16 | JP Morgan | Neutral | Overweight | Upgrade |
| 2013-01-09 | Deutsche Bank | Hold | Maintains | |
| 2012-11-28 | Citigroup | Neutral | Buy | Upgrade |
| 2012-11-02 | ISI Group | Hold | Maintains | |
| 2012-10-24 | JP Morgan | Neutral | Maintains | |
| 2012-10-22 | Barclays | Overweight | Maintains | |
| 2012-10-17 | Imperial Capital | In-Line | Outperform | Upgrade |
| 2012-07-24 | Deutsche Bank | Hold | Maintains | |
| 2012-07-10 | Barclays | Overweight | Maintains | |
| 2012-05-11 | Citigroup | Neutral | Maintains | |
| 2012-05-09 | ISI Group | Hold | Maintains | |
| 2012-04-24 | ISI Group | Hold | Maintains | |
| 2012-03-13 | JP Morgan | Neutral | Maintains | |
| 2025-08-25 | B of A Securities | Neutral | Neutral | Maintains |
| 2024-08-14 | Barclays | Underweight | Underweight | Maintains |
| 2024-08-22 | B of A Securities | Neutral | Neutral | Maintains |
| 2024-08-28 | Evercore ISI Group | Outperform | Outperform | Maintains |
| 2024-10-23 | Piper Sandler | Neutral | Neutral | Maintains |
| 2025-04-10 | Piper Sandler | Neutral | Neutral | Maintains |
| 2024-11-06 | Evercore ISI Group | Outperform | Outperform | Maintains |
| 2024-11-06 | Compass Point | Neutral | Neutral | Maintains |
| 2024-08-07 | Evercore ISI Group | Underperform | Underperform | Maintains |
| 2024-08-07 | Compass Point | Neutral | Neutral | Maintains |
| 2024-09-04 | Scotiabank | Sector Perform | Sector Perform | Maintains |
| 2024-10-25 | Scotiabank | Sector Perform | Sector Perform | Maintains |
| 2024-08-16 | Evercore ISI Group | Underperform | Underperform | Maintains |
| 2024-08-27 | Truist Securities | Hold | Hold | Maintains |
| 2024-08-27 | Goldman Sachs | Sell | Sell | Maintains |
| 2024-08-08 | Piper Sandler | Underweight | Neutral | Upgrade |
| 2024-08-08 | BMO Capital | Market Perform | Outperform | Upgrade |
| 2024-12-04 | Truist Securities | Hold | Hold | Maintains |
| 2025-01-07 | Mizuho | Neutral | Outperform | Upgrade |
| 2025-02-12 | Compass Point | Neutral | Neutral | Maintains |
| 2024-09-12 | Goldman Sachs | Sell | Sell | Maintains |
| 2024-10-28 | Barclays | Underweight | Underweight | Maintains |
| 2024-08-20 | Evercore ISI Group | Underperform | Outperform | Upgrade |
| 2025-02-25 | Goldman Sachs | Sell | Sell | Maintains |
| 2025-03-14 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2025-03-14 | Barclays | Underweight | Underweight | Maintains |
| 2025-07-14 | Mizuho | Outperform | Outperform | Maintains |
| 2025-08-21 | Barclays | Underweight | Underweight | Maintains |
| 2025-08-28 | Scotiabank | Sector Perform | Sector Perform | Maintains |
| 2025-08-06 | Evercore ISI Group | Outperform | Outperform | Maintains |
| 2025-05-23 | Piper Sandler | Neutral | Neutral | Maintains |
| 2025-06-03 | Truist Securities | Hold | Hold | Maintains |
| 2025-07-14 | Scotiabank | Sector Perform | Sector Perform | Maintains |
