Truist cuts Vornado Realty Trust stock target from USD 39.00 to USD 35.00

Published on 10/05/2026 at 18:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 462.24 million, up 4.70 percent. Vornado Realty Trust stock costs EUR 30.00 after EUR 29.90 on October 5, 2026.

VNO, US9290421091, Illustration mit AI erstellt.

Vornado Realty Trust (ISIN US9290421091) was trading at EUR 30.00 at Lang & Schwarz on October 5, 2026, while the latest analyst action points to a lower valuation ceiling. On September 21, 2026, Truist cut its price target from USD 39.00 to USD 35.00 and kept a Hold rating, as Markets Insider reported.

Truist weighs rates and leverage

The target reduction came alongside a higher 2026 normalized funds from operations estimate, driven by higher net operating income, while Truist lowered its 2027 estimate because of higher interest rates. The same report cited leverage at 8 times debt to EBITDA and billions of dollars of debt maturing, giving the target change a clear balance-sheet counterweight.

The broader analyst picture remains mixed. MarketBeat reported a Hold consensus and a USD 39.55 average target on September 21, 2026, alongside four Buy, five Hold and four Sell ratings. That average target stands USD 4.55 above Truist's new target.

Second-quarter figures split the picture

Vornado's second-quarter revenue reached USD 462.24 million, up 4.70 percent from the prior-year quarter, but earnings per share came in at USD 0.08 against USD 0.57 consensus. MarketBeat reported both figures on September 21, 2026.

Operational measures were more constructive in the second-quarter call. Yahoo Finance reported comparable funds from operations of USD 0.67 per share, up from USD 0.56 in the prior-year quarter, while New York office occupancy reached 92.20 percent. During the first half of 2026, Vornado leased 978,000 square feet overall and 659,000 square feet in Manhattan office properties.

New York leasing carries the thesis

The operating data explain why the stock case is not limited to the earnings-per-share miss. In the second quarter, New York office same-store net operating income rose 13.70 percent on a GAAP basis and 11.90 percent on a cash basis, according to Yahoo Finance. Management also said full-year 2026 comparable funds from operations should exceed 2025, though higher interest rates and debt maturities remain material risks.

Vornado stock trades after hours

Vornado Realty Trust was trading at EUR 30.00 at Lang & Schwarz on October 5, 2026 at 6:14 p.m. CEST, up 0.33 percent versus the Lang & Schwarz prior close of EUR 29.90 on October 2, 2026. The primary listing is NYSE, where the stock was quoted at USD 33.61 at 12:20 p.m. EDT on October 5, 2026.