JPMorgan raises target for Vornado Realty Trust stock from USD 37.00 to USD 39.00

Published on 10/06/2026 at 03:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 4.70 percent to USD 462.24 million. Vornado Realty Trust stock sits at a USD 6.2 billion market value as of October 5, 2026.

VNO, US9290421091, Illustration mit AI erstellt.

JPMorgan raised its price target for Vornado Realty Trust stock from USD 37.00 to USD 39.00 on September 15, 2026, while maintaining a neutral rating, according to MarketBeat. The revision puts the target USD 6.00 above the previous level and frames the stock against a mixed analyst backdrop.

Second-quarter revenue grows

Vornado reported USD 462.24 million of total revenue for the second quarter of 2026, compared with USD 441.4 million a year earlier. That represents growth of 4.70 percent, according to the second-quarter filing summary published by StockTitan.

The earnings picture was less supportive. Net income attributable to Vornado reached USD 32.0 million in the second quarter, down from USD 759.3 million in the same period of 2025, when a USD 803.2 million gain on a sales-type lease and other asset sales lifted results.

Cash flow and Manhattan assets

Operating cash flow for the first half of 2026 was USD 211.5 million, compared with USD 1.08 billion in the first half of 2025. The comparison reflects the absence of the prior year's one-time gains and shows why revenue growth alone does not describe the trust's current earnings profile.

Vornado also repurchased 1.8 million common shares for USD 53.5 million during the second quarter. Its portfolio included a 49.00 percent interest in Park Avenue Plaza, valued at USD 1.1 billion, alongside its broader New York office and retail holdings.

Stock remains below its yearly high

On the NYSE, VNO was last at USD 33.21 on October 5, 2026 at 4:00 p.m. EDT, versus a prior close of USD 33.73 and a minus 1.54 percent session change. The USD 24.57 to USD 41.85 52-week range places the latest level 20.65 percent below the yearly high.

Vornado had a market capitalization of USD 6.2 billion as of October 5, 2026. The company is a real estate investment trust focused on office, retail and mixed-use properties, with its portfolio concentrated in New York City.