BMO Capital Reiterates Buy Rating for Vornado Realty Trust

BMO Capital has reiterated its buy rating for Vornado Realty Trust (NYSE: VNO) with a price target of $43. This update, provided by analyst John Kim on June 15, 2026, suggests continued confidence in the real estate investment trust's prospects.

Other Institutional Activity in Vornado Realty Trust

Several major funds have been active in Vornado Realty Trust. BlackRock, Inc. added 1,142,825 shares, bringing its total to 22,785,627 shares valued at approximately $592.2 million. Vanguard Portfolio Management LLC acquired 14,637,038 shares, now holding the same number valued at about $380.4 million. Franklin Resources Inc. increased its position by 655,419 shares, ending with 13,159,589 shares worth around $342 million. Conversely, State Street Corp trimmed its holdings by 210,996 shares, leaving it with 8,169,899 shares valued at roughly $212.3 million.

Vornado Realty Trust Stock Snapshot

Shares of Vornado Realty Trust are currently trading near $38.27. The company, with a market capitalization of around $7.2 billion, has a P/E ratio of 10.5 and a forward P/E of 153.1, indicating expectations of significant earnings growth. The stock's 52-week range spans from $24.57 to $43.37. It has a 50-day moving average of $31.17 and a 200-day moving average of $33.51. Vornado's beta is 1.565, suggesting higher volatility compared to the market. The company's financial health is supported by a current ratio of 6.21 and a quick ratio of 5.86, alongside a debt-to-equity ratio of 126.13.

Recent Earnings

In its recent earnings report, Vornado Realty Trust posted revenue of approximately $1.85 billion, which represents a slight decline of 2.2% from the previous period. The company achieved a net margin of 42.9% and a return on equity of 12.6%. The next earnings release is scheduled for August 3, 2026.

Dividend

Vornado Realty Trust offers an annual dividend rate of $0.74, yielding 1.93% based on current share prices. The dividend payout ratio is a conservative 20.27%, indicating a strong ability to maintain or increase dividends in the future.

Insider Buying and Selling at Vornado Realty Trust

Insider Wight Russell Jr. purchased a total of 4,000 shares on June 8, 2026, at prices ranging from $15 to $17.69. Additionally, Michael Fascitelli and Beatrice Hamza Bassey each acquired 7,168 shares on May 21, 2026.

Analysts Set New Price Targets

On June 15, 2026, BMO Capital maintained its buy rating and set a price target of $43 for Vornado Realty Trust. Recently, Ladenburg Thalmann also maintained a buy rating with a $45 target on June 10, 2026. The consensus among analysts is a hold rating, with an average target price of $33.54 based on 13 analyst opinions.

About Vornado Realty Trust

Vornado Realty Trust is a leading real estate investment trust (REIT) focused on office properties. Based in New York, NY, the company manages a portfolio of premier office, retail, and multifamily properties, primarily in New York City. Vornado is recognized for its commitment to sustainability, with its entire office portfolio being LEED certified. The company is led by CEO Steven Roth and employs over 3,100 people.

Bottom Line

BMO Capital's reaffirmation of its buy rating for Vornado Realty Trust highlights continued optimism for the company's future. With a robust portfolio and a focus on sustainability, Vornado remains a key player in the real estate sector. Investors should note that analyst ratings and price targets are based on past performance and may not reflect future conditions.