Vornado Realty Trust ($VNO) Stock Forecast: Up 5.2% Today

What is Vornado Realty Trust?

Vornado Realty Trust (VNO) is a real estate investment trust known for its premium Manhattan assets and redevelopment projects. Today, the stock experienced a strong bullish movement.

Why is Vornado Realty Trust going up?

VNO stock is up 5.2% on May 6, 2026 16:52

• VNO's Q1 FFO stood at around US$106 million, indicating stability despite challenges in interest coverage and modest revenue growth projections.
• The positive market movement perhaps reflects investor confidence in Vornado's upscale Manhattan assets and ongoing redevelopment initiatives.
• CEO Steve Roth's support for billionaire Ken Griffin and criticism of Mayor Zohran Mamdani's proposed taxes may have bolstered investors' trust in the company's leadership and future prospects.
• Initial concerns over Mamdani's viral video targeting Griffin and its potential impact on Vornado's projects were overshadowed by the company's robust fundamentals.

VNO Price Chart

VNO Technical Analysis

VNO News

Vornado Realty Trust (VNO) Q1 FFO Steady Around US$106 Million Challenges Bearish Narratives

Vornado Realty Trust reported Q1 FFO of US$106.3 million, or US$0.56 per share, with recent trailing FFO at US$453.1 million. The company's net income of US$842.9 million for the trailing twelve months was significantly boosted by a US$925.2 million one-off gain, leading to a 45.2% net margin. While the stock trades below its DCF fair value and analyst targets, challenges remain regarding interest coverage and a modest 2.1% forecast revenue growth, which contrasts with the bullish narrative focused on premium Manhattan assets and redevelopment.

https://simplywall.st/stocks/us/real-estate/nyse-vno/vornado-realty-trust/news/vornado-realty-trust-vno-q1-ffo-steady-around-us106-million

Real estate titan compares 'tax the rich' slogan to racial slurs

Real estate magnate Steve Roth, CEO of Vornado Realty Trust, controversially equated the phrase "tax the rich" to racial slurs and the "from the river to the sea" rallying cry. Roth's comments came during an earnings call where he defended billionaire Ken Griffin and criticized New York City Mayor Zohran Mamdani's proposed pied-à-terre tax, calling Mamdani's social media video "irresponsible and dangerous." He argued that the wealthy should be praised for their contributions to the tax base and urged the mayor to be more business-friendly.

https://www.politico.com/news/2026/05/05/real-estate-titan-compares-tax-the-rich-slogan-to-racial-slurs-00907424

Steve Roth Calls Mamdani Video “Irresponsible And Dangerous”

Vornado Realty Trust chairman Steve Roth criticized New York City Mayor Zohran Mamdani's viral video targeting hedge fund billionaire Ken Griffin, calling it "irresponsible and dangerous." Roth expressed frustration over political hostility towards wealth and business, arguing that it unfairly demonizes top earners who drive economic growth. The ongoing friction threatens the 350 Park Avenue development project, a significant office tower backed by Griffin, with Vornado facing a critical decision on its stake.

https://therealdeal.com/new-york/2026/05/05/steve-roth-calls-mamdani-video-irresponsible-and-dangerous/

Vornado CEO appeals to Mamdani after mayor's Griffin 'blunder'

Vornado Realty Trust CEO Steven Roth is urging Zohran Mamdani to be more business-friendly after a social media post by the New York City mayor caused Ken Griffin's Citadel to threaten to withdraw from a new tower project. Mamdani's video criticized second-home buyers and specifically referenced Griffin's penthouse, which Roth described as a "blunder" that needs to be repaired. Despite this, Roth still expects Griffin to commit to the $6 billion project and hopes to offer more clarity to investors this summer.

https://www.audacy.com/1010wins/news/local/vornado-ceo-appeals-to-mamdani-after-mayor-s-griffin-blunder

Zohran Mamdani's viral video outside Ken Griffin's penthouse shocks Vornado CEO: 'Ugly, unnecessary'

Vornado Realty Trust chairman Steve Roth criticized Zohran Mamdani's video targeting billionaire Ken Griffin as "ugly, unnecessary" and potentially detrimental to a $4.5 billion skyscraper project. The video, which assailed Griffin for owning an expensive apartment, has raised concerns that Griffin might withdraw from the crucial development, which would provide jobs and tax revenue for New York City. Roth's comments echo other real estate leaders who view Mamdani's actions as a dangerous blunder for the city's economic future.

https://nypost.com/2026/05/05/business/zohran-mamdanis-viral-video-outside-ken-griffins-penthouse-shocks-vornado-ceo-ugly-unnecessary/

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Vornado Realty Trust Price History

27.01.2026 - VNO Stock was down 5.7%

• A decrease in the price target for VNO by Barclays along with maintaining an "underweight" rating is likely a factor in the bearish movement.
• The ongoing dispute between the Korein family and Vornado concerning the land valuation on West 34th Street has introduced uncertainty and a pessimistic outlook on VNO.
• The sale of Bernie Madoff's former estate in the Hamptons below its initial listing price may have also influenced VNO's stock performance, reflecting broader market trends.
• Despite Uniqlo's acquisition of its New York flagship store being a positive development for Vornado, today's negative news surrounding VNO seems to have had a greater impact on market sentiment.

04.10.2025 - VNO Stock was down 5.0%

• The bearish movement in VNO could be due to profit-taking by investors after a recent price increase.
• The announcement of quarterly dividends on preferred shares may have led to concerns about the company's cash flow and future growth prospects.
• Investors might be reacting negatively to the timing of the dividend payment, possibly indicating challenges or uncertainties ahead for the company.
• Overall, the market sentiment towards VNO seems cautious, possibly reflecting broader economic concerns impacting the real estate sector.

06.02.2026 - VNO Stock was down 5.1%

• The decline in Manhattan office real estate valuations, driven by fears of AI reducing demand for office space, likely impacted VNO negatively.
• Despite insider buying by Director Daniel Tisch, the overall sentiment around VNO seems to be cautious, with brokerages giving it an average rating of "Hold" and lowering price targets.
• The significant insider purchases by Tisch, totaling $4,171,000, may not have been sufficient to counteract the broader market concerns affecting VNO.
• The company's recent financial results and refinancing deal for one of its Manhattan properties were overshadowed by the AI-driven anxiety affecting the real estate sector, contributing to the bearish movement in VNO.

08.03.2026 - VNO Stock was up 5.0%

• Vornado Realty Trust reported a significant profitability rebound in 2025, with net income and FFO, as Adjusted, showing impressive growth. This positive financial performance likely contributed to the bullish movement in VNO stock.
• The announcement of a new offering at Vornado's property in San Francisco by coworking operator Pacific Workplaces indicates a growing demand for flexible workspace solutions, potentially boosting the company's revenue streams.
• Despite some tenant-related pressures and asset sales, Vornado's strong performance in key markets and strategic lease agreements are likely instilling confidence in investors, leading to the bullish market movement.
• Analysts rating VNO stock as a Hold with a $28.00 price target suggests a cautious optimism in the company's future prospects, indicating a balanced view on its growth potential.

04.02.2026 - VNO Stock was up 6.9%

• Today's positive movement in VNO can be attributed to significant insider buying activity by Director Daniel Tisch, who acquired a total of 155,000 shares in multiple transactions, demonstrating confidence in the company's future prospects.
• Despite missing quarterly EPS estimates, VNO's revenue exceeding expectations and a recent refinancing deal for one of its Manhattan properties have likely improved investor sentiment.
• Insider purchases worth $4,171,000, at prices ranging from $26.30 to $27.70 per share, have indicated a favorable outlook on the company's performance and potential growth.
• The market's response to the insider buying and the company's financial strategies has boosted VNO's stock price, reflecting positive investor sentiment towards Vornado Realty Trust's future direction.

11.01.2026 - VNO Stock was down 5.1%

• Vornado's stock experienced a bearish movement despite positive news of Manhattan office leasing reaching a decade high, indicating that other factors are at play in the market sentiment.
• Steven Roth's aggressive share buyback strategy to counter the stock's poor performance reflects confidence in the company's long-term value but may not have been sufficient to offset broader market concerns.
• The slight uptick in pre-market trading following the earnings call suggests that investors are cautiously optimistic about Vornado's future earnings growth projections despite the Q4 2025 EPS dip.
• The completion of a significant refinancing deal for One Park Avenue strengthens Vornado's liquidity position, but concerns around interest rates and valuation may have contributed to the bearish movement in the stock price.

06.04.2026 - VNO Stock was up 5.2%

• VNO's Q1 FFO stood at around US$106 million, indicating stability despite challenges in interest coverage and modest revenue growth projections.
• The positive market movement perhaps reflects investor confidence in Vornado's upscale Manhattan assets and ongoing redevelopment initiatives.
• CEO Steve Roth's support for billionaire Ken Griffin and criticism of Mayor Zohran Mamdani's proposed taxes may have bolstered investors' trust in the company's leadership and future prospects.
• Initial concerns over Mamdani's viral video targeting Griffin and its potential impact on Vornado's projects were overshadowed by the company's robust fundamentals.

05.04.2026 - VNO Stock was down 0.6%

• Vornado Realty Trust (VNO) reported strong Q1 2026 financial results, with non-GAAP earnings surpassing analysts' expectations and revenue outperforming forecasts. Despite this positive performance, the stock faced bearish movement.
• Concerns about Vornado's future performance may have contributed to the market's negative reaction following the earnings report, as analysts project a first-quarter loss and question the impact of recent strategic actions on the stock.
• Investors could be capitalizing on gains and reassessing Vornado's recent uptrend, taking into account factors such as the company's share repurchase program and acquisition of a stake in Park Avenue Plaza, which may have led to a stock sell-off.
• The announcement of a dividend for preferred shareholders could signal stability and long-term value for the company, yet short-term market sentiment might have been influenced by broader apprehensions regarding Vornado's earnings trajectory and market conditions.