Vornado Realty Trust stock reacts to Scotiabank target cut

Published on 09/18/2026 at 17:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vornado Realty Trust stock closed at USD 34.82 on September 17, 2026 on the NYSE, near analyst targets despite a fresh cut. Scotiabank lowered its price target from USD 41.00 to USD 39.00 on September 17, 2026 while maintaining a Sector Perform rating.

VNO, US91325V1089, Illustration mit AI erstellt.

Vornado Realty Trust stock (ISIN US91325V1089) closed at USD 34.82 on the New York Stock Exchange on September 17, 2026, leaving the real estate investment trust trading below several current analyst price targets but still within their expected range.

Scotiabank trims price target on Vornado

According to GuruFocus on September 17, 2026, Scotiabank analyst Nicholas Yulico maintained his Sector Perform rating on Vornado Realty Trust but lowered the price target from USD 41.00 to USD 39.00, a reduction of 4.88 percent.

As MarketBeat reported on September 17, 2026, the new Scotiabank target of USD 39.00 implies approximately 12.2 percent upside from a contemporaneous share price of USD 34.76, underlining that the move is a cautious adjustment rather than a fundamental downgrade.

Consensus still points above the current price

Based on data cited by MarketBeat, Vornado Realty Trust currently carries a consensus Hold rating with an average analyst price target of USD 39.91, meaning the stock trades roughly 14.6 percent below that average at a recent price of USD 34.76.

An overview of recent ratings summarized by yam.com on September 18, 2026 notes that Citigroup raised its target to USD 40.00 with a Neutral rating in early August 2026, Truist Financial lifted its target from USD 28.00 to USD 39.00 with a Hold rating, Weiss Ratings LLC cut its view from Hold to Sell, Ladenburg Thalmann increased its target from USD 40.00 to USD 45.00 with a Buy recommendation, and Barclays moved its target from USD 29.00 to USD 34.00 while keeping an Underweight stance.

Recent earnings showed revenue growth but EPS miss

As MarketBeat reported on September 17, 2026, Vornado Realty Trust last released quarterly results on August 3, 2026, posting earnings per share of USD 0.08 for the quarter, which missed the consensus estimate of USD 0.57 by USD 0.49.

In the same release summarized by MarketBeat, Vornado Realty Trust reported quarterly revenue of USD 462.24 million, beating analyst expectations of USD 454.46 million and representing a 4.7 percent increase compared with USD 441.57 million in the same quarter a year earlier.

The same overview notes that Vornado Realty Trust generated a return on equity of 1.37 percent and a net margin of 3.71 percent for that quarter, highlighting the relatively low profitability currently achieved on its sizeable property portfolio.

Positioning in the office REIT sector

Vornado Realty Trust operates as a major office real estate investment trust focused on prime urban markets, which means its performance is closely tied to office occupancy trends and financing conditions in the United States.

Sector data referenced by MarketBeat show that research houses currently expect Vornado Realty Trust to deliver full year 2026 earnings per share of USD 2.36, which investors can compare with its most recent quarterly EPS of USD 0.08 to gauge the implied ramp-up needed in later quarters.

In addition, figures highlighted by GuruFocus indicate that Vornado Realty Trust trades at a trailing price to earnings ratio of 1,389.2 times, far above its five year median P/E of 63.72 times, suggesting that earnings are currently depressed relative to the share price and leaving valuation sensitive to any improvement or deterioration in profitability.

Stock price, range and market capitalization

Per NYSE data presented on Zonebourse on September 18, 2026, Vornado Realty Trust shares closed at USD 34.82 on September 17, 2026, unchanged on the day, with a five day performance of plus 1.31 percent and a year to date gain of 4.63 percent.

Price data compiled by CNBC show that at the same closing level of USD 34.82, Vornado Realty Trust had a 52 week trading range between USD 24.57 and USD 42.50, placing the current price about 41.7 percent above the low and 18.1 percent below the high of that range.

According to Yahoo Finance on September 18, 2026, Vornado Realty Trust is valued at approximately USD 6.91 billion in market capitalization at a share price of USD 34.90, underlining its status as a large player within the office REIT peer group.