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Vornado Realty Trust (VNO) Stock Analysis

Recovery setup

HoldModerate Confidence

Real Estate · REIT - Office

Earnings in 3 days (2026-05-04). Expect elevated volatility around the report — consider waiting for post-earnings price action before new entries.

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

$29.95+16.3% A.UpsideScore 4.8/10#11 of 14 REIT - Office
Entry $25.63(support + ATR)Stop $24.44Target $29.81(resistance)A.R:R -0.4:1Setup A.R:R 3.5:1
Analyst target$32.46+8.4%13 analysts
$29.81our TP
$29.95price
$32.46mean
$25
$44

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

Rewards
No bull case signals
Risks
Concentration risk — Geographic: New York metropolitan area (88.0%)
Concentration risk — Property Type: office properties (78.0%)
Analyst target reached - limited upside remaining

Key Metrics

P/E (TTM)7.1
P/E (Fwd)103.1
Mkt Cap$6.1B
EV/EBITDA18.8
Profit Mgn48.5%
ROE14.4%
Rev Growth-8.1%
Beta1.51
Dividend2.48%
Rating analysts18

Quality Signals

Piotroski F6/9

Options Flow

P/C3.07bearish
IV62%elevated

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

Revenue Growth
0.5
Declining revenue: -8%
Low model confidence on this dimension (33%).

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Support Resistance
0.9
Bollinger
2.4
52w Position
4.1
GatesA.R:R -0.4=NEGATIVEEARNINGS PROXIMITY 3d<=7dDeath cross (50MA < 200MA)Momentum 5.7>=5.5Insider activity: OKNo SEC red flagsSEMI CYCLE PEAK CLEARRecoverySuitability: Aggressive
RSI
69 · Neutral
20D MA 50D MA 200D MADEATH CROSSSupport $25.20Resistance $30.42

Price Targets

$24
$26
$30
A.Upside-0.5%
A.R:R-0.4:1
Setup A.R:R (at entry)3.5:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeCautious

Risk Alerts

! Target reached (-5.6% upside)
! Earnings in 3 days - binary event risk
! Negative risk/reward — downside exceeds upside

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-05-04 (3d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is VNO stock a buy right now?

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.

What is the VNO stock price target?

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.

What are the risks of investing in VNO?

Concentration risk — Geographic: New York metropolitan area (88.0%); Concentration risk — Property Type: office properties (78.0%); Analyst target reached - limited upside remaining.

Is VNO overvalued or undervalued?

Vornado Realty Trust trades at a P/E of 7.1 (forward 103.1). TrendMatrix value score: 4.9/10. Verdict: Hold.

What do analysts say about VNO?

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.

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