Vornado Realty Trust (NYSE:VNO) is a prominent real estate investment trust (REIT) that focuses on office and retail properties, primarily in urban areas. The company is known for its significant presence in New York City, where it owns and manages a substantial portfolio of high-quality assets. Vornado competes with other major REITs like Boston Properties and SL Green Realty.
On December 15, 2025, Michael Lewis from Truist Financial set a price target of $36 for VNO, which was trading at $34.91 at the time. This target suggests a potential upside of approximately 3.12%. The price target was revised down from a previous target of $40, as highlighted by TheFly, indicating a more cautious outlook on the stock.
Resolution Capital Ltd has shown confidence in Vornado by significantly increasing its investment. During the third quarter, the firm acquired an additional 4,084,815 shares, valued at approximately $168.53 million. This brings Resolution Capital's total holding to 5,380,978 shares, valued at $218.09 million as of September 30, 2025.
Despite the recent price target adjustment, Vornado's stock price has seen a slight decrease. The current stock price is $34.84, reflecting a 1.44% drop with a change of $0.51. The stock has traded between $34.65 and $35.68 today, showing some volatility in its price movements.
Vornado's market capitalization is approximately $6.69 billion, with a trading volume of 493,391 shares on the NYSE. Over the past year, the stock has experienced a high of $45.53 and a low of $29.68, indicating a wide range of price fluctuations. Despite these changes, Resolution Capital's investment in Vornado now constitutes 4.24% of its $5.14 billion in reportable U.S. equity assets.
