Vornado Realty Trust (VNO) Stock Analysis
Recovery setup
Real Estate · REIT - Office
Hold if already holding. Not a fresh buy at $29.95, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: New York metropolitan area (88.0%); Concentration risk — Property Type: office properties (78.0%).
Vornado Realty Trust is a fully integrated REIT owning 51 Manhattan properties (19.2M sqft office, 2.3M sqft retail, 1,331 residential units) plus THE MART in Chicago (3.7M sqft) and 555 California Street in San Francisco. In 2025, approximately 88% of NOI came from the New York... Read more
Hold if already holding. Not a fresh buy at $29.95, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: New York metropolitan area (88.0%); Concentration risk — Property Type: office properties (78.0%). Chart setup: Death cross but MACD improving, RSI 69. Downgraded from BUY WAIT — price $29.93 has reached target $29.81. No upside to wait for. Score 4.8/10, moderate confidence.
Passes 4/7 gates (positive momentum, clean insider activity, no SEC red flags, semi cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 3d<=7d. Suitability: aggressive.
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
2 floor-breakers
Revenue shrinking — -8.1% YoY. Growth thesis broken unless recovery story develops.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $29.95, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: New York metropolitan area (88.0%); Concentration risk — Property Type: office properties (78.0%). Chart setup: Death cross but MACD improving, RSI 69. Downgraded from BUY WAIT — price $29.93 has reached target $29.81. No upside to wait for. Target $29.81 (-0.5%), stop $24.44 (−22.5%), A.R:R -0.4:1. Score 4.8/10, moderate confidence.
Take-profit target: $29.81 (+16.3% upside). Target $29.81 (-0.5%), stop $24.44 (−22.5%), A.R:R -0.4:1. Stop-loss: $24.44.
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 7.1 (forward 103.1). TrendMatrix value score: 4.9/10. Verdict: Hold.
18 analysts cover VNO with a consensus score of 3.3/5. Average price target: $32.
What does Vornado Realty Trust do?Vornado Realty Trust is a fully integrated REIT owning 51 Manhattan properties (19.2M sqft office, 2.3M sqft retail,...
Vornado Realty Trust is a fully integrated REIT owning 51 Manhattan properties (19.2M sqft office, 2.3M sqft retail, 1,331 residential units) plus THE MART in Chicago (3.7M sqft) and 555 California Street in San Francisco. In 2025, approximately 88% of NOI came from the New York metropolitan area and 78% from office properties.