Ladenburg Thalmann Maintains Buy Rating for Vornado Realty Trust
The firm reiterates its buy stance with a $45 price target for Vornado.
Key Points
- Ladenburg Thalmann reiterated its buy rating on Vornado Realty Trust with a price target of $45 on June 10, 2026.
- Vornado Realty Trust shares are trading at $38.27, with a market cap of approximately $7.2 billion and a P/E ratio of 10.5.
- Insiders, including Russell Wight Jr. and Michael Fascitelli, have been buying shares recently, signaling confidence in the company.
On June 10, 2026, Ladenburg Thalmann reiterated its buy rating for Vornado Realty Trust (NYSE:VNO), setting a price target of $45. This update from analyst Floris Van Dijkum suggests confidence in the real estate investment trust's future prospects.
Other Institutional Activity in Vornado Realty Trust
Several major institutional investors have adjusted their stakes in Vornado Realty Trust. BlackRock, Inc. increased its holdings by 1,142,825 shares, bringing its total to 22,785,627 shares valued at about $592.2 million. Vanguard Portfolio Management LLC added 14,637,038 shares, now holding the same number valued at roughly $380.4 million. Franklin Resources Inc. also grew its position by 655,419 shares, totaling 13,159,589 shares worth approximately $342 million. Meanwhile, State Street Corp reduced its stake by 210,996 shares, leaving it with 8,169,899 shares valued at $212.3 million.
Vornado Realty Trust Stock Snapshot
Shares of Vornado Realty Trust are currently trading at $38.27. The company boasts a market capitalization of around $7.2 billion and has a P/E ratio of 10.5. Vornado's stock has experienced a 52-week range from a low of $24.57 to a high of $43.37. Its 50-day moving average is $31.17, while the 200-day moving average is $33.51. The company's beta is 1.565, indicating a relatively higher volatility compared to the market.
Recent Earnings
Vornado Realty Trust reported revenue of approximately $1.85 billion, though it saw a slight decline of 2.2% from previous periods. The company achieved a net margin of 42.9% and a return on equity of 12.6%. Its next earnings announcement is scheduled for August 3, 2026.
Dividend
Vornado Realty Trust offers an annual dividend rate of $0.74, yielding 1.93%. The company's dividend payout ratio stands at 20.27%, reflecting a conservative approach to returning profits to shareholders.
Insider Buying and Selling at Vornado Realty Trust
In recent insider activity, Russell Wight Jr. purchased several tranches of Vornado shares on June 8, 2026, totaling 4,000 shares at prices ranging from $15 to $17.69 per share. Additionally, Michael Fascitelli acquired 7,168 shares on May 21, 2026. These purchases suggest an optimistic outlook from those within the company.
Analysts Set New Price Targets
On June 10, 2026, Ladenburg Thalmann maintained its buy rating for Vornado Realty Trust with a $45 price target. Other analysts have also weighed in: JP Morgan and Scotiabank both maintained hold ratings with price targets of $37 and $33, respectively. The consensus recommendation is to hold, with a mean target price of $33.54 based on 13 analyst opinions.
About Vornado Realty Trust
Vornado Realty Trust is a prominent real estate investment trust (REIT) specializing in office, retail, and multifamily properties. The company manages a 26 million square-foot portfolio concentrated in New York City, with additional assets in Chicago and San Francisco. Headquartered in New York, Vornado is led by CEO Steven Roth and employs over 3,100 people. It is recognized for its commitment to sustainability, with all its office buildings LEED certified.
Bottom Line
Ladenburg Thalmann's reiteration of a buy rating with a $45 target for Vornado Realty Trust underscores the firm's confidence in the REIT's potential. Investors often track such ratings to gauge market sentiment, though it's important to remember that analyst opinions are just one of many factors to consider. As always, 13F filings and analyst ratings are backward-looking and may not reflect the most current market conditions.
See Also
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