Vornado Realty Trust (VNO) Stock Analysis
Range Bound setup
Real Estate · REIT - Office
Sell if holding. At $30.32, A.R:R is negative (-0.9) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Geographic: New York metropolitan area (88.0%); Concentration risk — Property Type: office properties (78.0%).
Vornado Realty Trust is a REIT concentrated in New York City, owning 51 Manhattan operating properties (19.2M sqft office, 2.3M sqft street retail), THE MART in Chicago, and 555 California Street in San Francisco. Approximately 88% of 2025 NOI derives from the New York... Read more
Sell if holding. At $30.32, A.R:R is negative (-0.9) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Geographic: New York metropolitan area (88.0%); Concentration risk — Property Type: office properties (78.0%). Chart setup: RSI 55 mid-range, Bollinger mid-band. Score 5.0/10, high confidence.
Passes 6/9 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 76d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and death cross (50MA < 200MA). Suitability: aggressive.
Recent Developments — Vornado Realty Trust
Latest news
- 'Mamdani Scraps Planned NYC Property Tax Hike in Revised Budget' - Bloomberg — benzinga May 12, 2026 neutral
- Citigroup Maintains Neutral on Vornado Realty Trust, Raises Price Target to $34 — benzinga May 8, 2026 positive
- Transcript: Vornado Realty Q1 2026 Earnings Conference Call — benzinga May 5, 2026 neutral
- UPDATE: Vornado Realty Q1 FFO $0.52 Beats $0.51 Estimate, Sales $459.105M Beat $426.750M Estimate — benzinga May 4, 2026 positive
- Vornado Realty Q1 FFO $0.49 Misses $0.51 Estimate, Sales $459.105M Beat $426.750M Estimate — benzinga May 4, 2026 neutral
Generated 2026-05-20T21:06:21Z.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicNew York metropolitan area88%10-K Item 1A: 'In 2025, approximately 88% of our NOI is from properties located in the New York metropolitan area'
- HIGHPropertyoffice properties78%10-K Item 1A: 'In 2025, approximately 78% of our net operating income ("NOI" a non-GAAP measure) is from our office properties'
- LOWPropertyManhattan retail properties16%10-K Item 1A: 'In 2025, approximately 16% of our NOI is from Manhattan retail properties'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
1 floor-breaker
Revenue shrinking — -2.2% YoY. Growth thesis broken unless recovery story develops.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $30.32, A.R:R is negative (-0.9) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Geographic: New York metropolitan area (88.0%); Concentration risk — Property Type: office properties (78.0%). Chart setup: RSI 55 mid-range, Bollinger mid-band. Prior stop was $28.28. Score 5.0/10, high confidence.
Take-profit target: $31.90 (+5.2% upside). Prior stop was $28.28. Stop-loss: $28.28.
Concentration risk — Geographic: New York metropolitan area (88.0%); Concentration risk — Property Type: office properties (78.0%); Analyst target reached - limited upside remaining.
Vornado Realty Trust trades at a P/E of 8.3 (forward 121.3). TrendMatrix value score: 4.7/10. Verdict: Sell.
18 analysts cover VNO with a consensus score of 3.3/5. Average price target: $33.
What does Vornado Realty Trust do?Vornado Realty Trust is a REIT concentrated in New York City, owning 51 Manhattan operating properties (19.2M sqft...
Vornado Realty Trust is a REIT concentrated in New York City, owning 51 Manhattan operating properties (19.2M sqft office, 2.3M sqft street retail), THE MART in Chicago, and 555 California Street in San Francisco. Approximately 88% of 2025 NOI derives from the New York metropolitan area; office properties account for ~78% of NOI. No tenant exceeded 10% of revenues in 2025, 2024, or 2023.