Vornado Realty Trust Receives Mixed Ratings from Analysts, with Predominant Consensus of “Hold”
May 17, 2023
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Vornado Realty Trust ($NYSE:VNO) is a real estate investment trust operating in the United States. The company owns and manages office and retail properties, primarily in the New York City area and Washington D.C., as well as suburban office parks in several other states. Vornado has recently received mixed ratings from analysts, with the predominant consensus of “Hold”. The average rating from the thirteen brokerages currently covering the company is “Reduce”. Analysts have suggested that Vornado’s dwindling income from its properties due to the pandemic could be a major headwind for the trust. Furthermore, the uncertain nature of the economic recovery means that it may take some time for Vornado to recover its earnings.
However, analysts also point out that Vornado has a strong balance sheet and is well-positioned to take advantage of any opportunities that may arise. There are also expectations that the company will be able to benefit from an eventual economic recovery. Analysts recognize that the trust is well-positioned to benefit from an eventual economic recovery, but concerns remain around the effects of the pandemic in the short term. Investors should do their own research to decide if they believe Vornado is a good investment at this time.
Price History
On Monday, VORNADO REALTY TRUST stock opened at $12.8 and closed at $13.0, up by 1.3% from prior closing price of 12.8. The performance of Vornado Realty Trust has been largely dependent on the ups and downs of the real estate market over the past few years, but with the current conditions in the U.S., analysts are uncertain about the future of the stock. Investors will have to wait and see if Vornado Realty Trust can continue to rise or if the stock will start to fall in the near future. There are a variety of factors that could contribute to its success or failure, including economic conditions and political landscape, but only time will tell what happens with Vornado Realty Trust. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for VNO. More…
| Total Revenues | Net Income | Net Margin |
| 1.8k | -429.93 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for VNO. More…
| Operations | Investing | Financing |
| 798.94 | -906.86 | -801.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for VNO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.27k | 9.91k | 29.66 |
Key Ratios Snapshot
Some of the financial key ratios for VNO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 16.0% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has analyzed the fundamentals of VORNADO REALTY TRUST, which is classified as a ‘cow’ company according to the Star Chart. This means that VORNADO REALTY TRUST has a track record of paying out consistent and sustainable dividends. This makes it a great fit for investors looking for steady income from dividends, such as retirees and those looking to supplement their income. However, VORNADO REALTY TRUST is strong in asset, dividend and profitability, but weak in growth. Additionally, it has a low health score of 3/10 with regard to its cashflows and debt, meaning it is less likely to pay off debt or fund future operations. This makes it a better option for those investors who are looking for stability and income rather than capital appreciation. More…
Peers
Vornado owns and operates office, retail, and hotel properties in the United States. The company was founded in 1959 and became a public company in 1971. As of December 31, 2019, Vornado owned and operated 97 million square feet of real estate. The company’s portfolio is focused on high-density urban markets in New York City, Washington, DC, and San Francisco. Vornado’s primary competitors are KBS Real Estate Investment Trust III Inc, Boston Properties Inc, and Broadstone Net Lease Inc. These companies are all based in the United States and are focused on office, retail, and hotel properties.
– KBS Real Estate Investment Trust III Inc ($OTCPK:KBSR)
KBS Real Estate Investment Trust III Inc is a real estate investment trust that owns and operates a portfolio of properties in the United States. The company’s portfolio includes office, retail, industrial, and hotel properties. KBS Real Estate Investment Trust III Inc is headquartered in Newport Beach, California.
– Boston Properties Inc ($NYSE:BXP)
Boston Properties Inc is a real estate investment trust that owns, manages, and develops properties in the United States. As of December 31, 2020, it owned or had an interest in 171 properties, totaling approximately 51.4 million square feet. The company was founded in 1970 and is headquartered in Boston, Massachusetts.
– Broadstone Net Lease Inc ($NYSE:BNL)
The company’s market cap is 2.79B as of 2022. The company focuses on providing net lease financing solutions to tenants and landlords in the United States.
Summary
Investment analysts have given Vornado Realty Trust a consensus recommendation of “Hold.” Thirteen analysts have rated the stock with a “Reduce” rating. Investors should exercise caution when considering investing in the company as the consensus opinion from analysts is that the stock may not perform well in the near future. However, it may be wise to research and analyze the company more closely to determine if the stock is a good long-term investment.
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