Vornado Realty Trust stock reacts to Scotiabank target cut and mixed earnings

Published on 09/19/2026 at 10:01 | 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, trading below the average analyst price target of about USD 39.90. The office REIT recently reported Q2 2026 revenue of USD 462.24 million, up 4.7 percent year over year, but earnings per share of USD 0.08 missed consensus.

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

Analyst target cut shapes sentiment

According to Ad-hoc-news.de on September 18, 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, signaling slightly less upside in the bank's base case.

As the same overview on Ad-hoc-news.de reports, data cited from MarketBeat show that Vornado Realty Trust currently carries a consensus Hold rating with an average analyst price target of USD 39.91, so the recent price of USD 34.76 leaves the shares trading roughly 14.6 percent below that average target.

Latest quarterly figures and guidance context

As summarized from MarketBeat data by Ad-hoc-news.de, Vornado Realty Trust last reported quarterly results on August 3, 2026, delivering earnings per share of USD 0.08 for the period, which missed the analyst consensus estimate of USD 0.57 by USD 0.49.

In the same Q2 2026 report summarized in that article, Vornado Realty Trust posted quarterly revenue of USD 462.24 million, beating expectations of USD 454.46 million and representing an increase of 4.7 percent compared with revenue of USD 441.57 million in the same quarter a year earlier.

Additional context from an American Association of Individual Investors comparison published on September 18, 2026 indicates that Vornado Realty Trust's trailing twelve month revenue stands at about USD 1.9 billion with a 3.6 percent net profit margin, while year over year quarterly sales growth most recently reached roughly 5.0 percent, underlining modest but positive top line momentum in the office portfolio.

According to that AAII overview on September 18, 2026, analysts expect adjusted earnings for the current fiscal year to come in at around USD -0.25 per share, implying continued pressure on profitability despite the recent revenue growth.

Valuation, scores and peer comparison

The AAII analysis of office REITs notes that as of September 18, 2026, Vornado Realty Trust had a market capitalization of about USD 6.5 billion, significantly above the office REITs median of roughly USD 910.5 million, which positions the trust as one of the larger players in the segment.

That same analysis highlights that Vornado Realty Trust stock is up 4.9 percent in 2026 but down 15.29 percent over the past year, a performance profile that reflects both a recent recovery and longer term pressure on office valuations.

AAII also assigns Vornado Realty Trust a Value Score of 36, categorized as Expensive, a Growth Score of 77, considered Strong, and a Quality Score of 38, seen as Weak, suggesting that the market is paying a relatively high valuation for growth characteristics while quality metrics remain mixed.

Stock price level and trading data

Per NYSE price data reported by Ad-hoc-news.de on September 18, 2026, Vornado Realty Trust shares closed at USD 34.82 on September 17, 2026 on the New York Stock Exchange, unchanged on the day, with a five day performance of plus 1.31 percent and a year to date gain of 4.63 percent.

According to data relayed from Yahoo Finance in the same article, Vornado Realty Trust is valued at approximately USD 6.91 billion in market capitalization at a share price of USD 34.90 as of September 18, 2026, confirming the large cap status of the REIT within its office property peer group.