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Vornado Realty Trust (VNO)

Real Estate | REIT - Office | New York, United States | NYSE
38.31 USD -0.04 (-0.104%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 37.97 -0.34 (-0.340%) ⇩ (July 13, 2026, 7:42 p.m. EDT)

Short-term:★★★⯪☆Long-term:★★⯪☆☆Dividends:★★⯪☆☆
Hot Take | July 11, 2026, 3:58 a.m. EDT

The immediate outlook is mixed but leans slightly positive due to recent technical strength, yet the long-term picture remains murky due to the office sector's structural headwinds. Over the last two weeks, the stock has rallied nearly 10%, breaking above key moving averages and showing renewed buyer interest, which justifies a slight upside lean for the near term. However, the fundamental data tells a different story: revenue is shrinking by 2.2%, and the forward P/E of 153 is a glaring red flag indicating severe earnings compression ahead. While the current payout ratio looks healthy at 20%, the dividend yield of 1.94% barely covers inflation, offering no real income advantage. The options market confirms this uncertainty; traders are buying protection at lower levels while betting on a bounce at higher levels, but neither side is committing to a major trend. The statistical forecast model offers almost no guidance, reflecting the noise in the price action. Ultimately, this is a speculative play on a distressed asset with a fragile balance sheet, not a core holding.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.125412
AutoETS0.128094
AutoARIMA0.128102
AutoTheta0.130683

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 40%
H-stat 62.67
Ljung-Box p 0.000
Jarque-Bera p 0.132
Excess Kurtosis -1.46
Attribute Value
Sector Real Estate
Ex Dividend Date 2025-12-17
Last Dividend Date 2025-12-17
Debt to Equity Ratio 126.133
Revenue per Share 9.691
Market Cap 7,845,582,336
Trailing P/E 10.50
Forward P/E 153.24
Beta 1.53
Profit Margins 42.89%
Website https://www.vno.com

As of July 11, 2026, 3:58 a.m. EDT: Speculators are positioning for a volatile range-bound outcome rather than a decisive directional move. Call volume is heavily skewed toward out-of-the-money strikes (40-44), suggesting a bullish bias or a 'long gamma' setup where traders profit from volatility expansion without needing a massive price surge. Conversely, put volume is concentrated significantly lower (24-35), creating a substantial hedge against a drop to the 30s. The massive implied volatility spike on September 18th puts indicates a specific fear of a gap-down event or earnings miss around that date, while the lack of deep ITM call interest suggests skepticism about a sustained rally above current levels.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.21% 2.21% 1.60% 3.16%
Dividend History
Date Dividend Yield %
2025-12-18 0.740000 2.205006
2024-12-16 0.740000 1.645541
2023-12-14 0.300000 0.957243
2023-01-27 0.375000 1.595745
2022-11-04 0.530000 2.291397
2022-08-05 0.530000 1.916124
2022-05-06 0.530000 1.461263
2022-01-28 0.530000 1.315790
2021-11-05 0.530000 1.188607
2021-08-06 0.530000 1.241218
2021-05-07 0.530000 1.151924
2021-01-29 0.530000 1.332998
2020-11-06 0.530000 1.745143
2020-08-07 0.530000 1.490858
2020-05-08 0.660000 1.674702
2020-01-24 0.660000 0.980538
2019-12-27 1.950000 2.959478
2019-11-01 0.660000 1.015853
2019-08-02 0.660000 1.050119
2019-05-03 0.660000 0.980829
2019-01-25 0.660000 0.996979
2018-11-02 0.630000 0.942831
2018-08-03 0.630000 0.874878
2018-05-04 0.630000 0.904782
2018-01-26 0.630000 0.880257
2017-11-03 0.600000 0.819113
2017-08-03 0.600000 0.758054
2017-05-04 0.573969 0.747289
2017-01-26 0.573969 0.661696
2016-11-03 0.509297 0.726393
2016-08-05 0.509297 0.600859
2016-05-06 0.509297 0.657277
2016-01-28 0.509297 0.724638
2015-11-06 0.509297 0.652985
2015-08-07 0.509297 0.662252
2015-05-08 0.509297 0.612305
2015-01-29 0.509297 0.559801
2014-11-06 0.534074 0.662853
2014-08-07 0.534074 0.701450
2014-05-08 0.534074 0.694973
2014-01-23 0.534074 0.795813
2013-11-07 0.534074 0.824020
2013-08-08 0.534074 0.861052
2013-05-09 0.534074 0.847260
2013-01-24 0.534074 0.861153
2012-12-06 0.731609 1.321878
2012-11-07 0.504810 0.874525
2012-08-08 0.504810 0.845588
2012-05-10 0.504810 0.793103
2012-01-26 0.504810 0.850382
2011-11-09 0.504810 0.869784
2011-08-08 0.504810 0.946892
2011-05-05 0.504810 0.732484
2011-01-26 0.504810 0.792102
2010-11-08 0.475546 0.738889
2010-08-09 0.475546 0.759524
2010-05-06 0.475546 0.829400
2010-01-26 0.475546 1.012935
2009-11-06 0.456524 1.023287
2009-08-07 0.481399 1.104584
2009-05-07 0.741851 2.114702
2009-02-03 0.945970 2.598472
2008-11-07 0.695028 1.414532
2008-08-07 0.658448 0.920999
2008-05-08 0.658448 0.963701
2008-01-28 0.658448 0.989011
2007-10-10 0.658448 0.780979
2007-08-07 0.621867 0.794615
2007-04-27 0.621867 0.701493
2007-01-29 0.621867 0.679402
2006-11-03 1.016936 1.219298
2006-08-07 0.585287 0.776925
2006-05-03 0.585287 0.872791
2006-01-27 0.585287 0.903240
2005-12-22 0.563339 0.912864
2005-11-08 0.585287 1.014070
2005-08-02 0.556023 0.862853
2005-05-03 0.556023 0.987783
2005-02-03 0.580897 1.127040
2004-11-10 0.556023 1.087113
2004-07-29 0.519442 1.229437
2004-04-29 0.519442 1.388617
2004-01-29 0.636500 1.568416
2003-12-16 0.117057 0.288028
2003-11-06 0.519442 1.378105
2003-07-31 0.497494 1.483421
2003-05-01 0.497494 1.807069
2003-01-30 0.497494 2.001766
2002-11-07 0.497494 1.871732
2002-08-01 0.482862 1.606231
2002-05-02 0.482862 1.473215
2002-01-31 0.482862 1.547118
2001-12-26 0.226799 0.755546
2001-11-01 0.482862 1.670887
2001-08-02 0.438234 1.543418
2001-05-03 0.387753 1.441786
2001-02-01 0.387753 1.462070
2000-11-02 0.387753 1.514287
2000-08-03 0.351172 1.188854
2000-05-04 0.351172 1.333333
2000-02-03 0.351172 1.535999
1999-11-04 0.351172 1.474087
1999-08-05 0.320445 1.288237
1999-05-06 0.321908 1.128206
1999-02-04 0.321908 1.237259
1998-11-05 0.321908 1.237259
1998-08-06 0.288839 1.165755
1998-05-05 0.288839 1.012658
1998-02-05 0.288839 0.897615
1997-11-06 0.288839 0.876712
1997-10-10 0.231071 0.707181
1997-07-31 0.231071 0.954332
1997-05-01 0.231071 1.042769
1997-02-06 0.231071 1.084744
1996-10-31 0.220240 1.418606
1996-08-01 0.220240 1.469881
1996-05-02 0.220240 1.626668
1996-02-01 0.220240 1.659865
1995-11-02 0.099288 0.797098
1995-08-03 0.202187 1.534244
1995-05-02 0.202187 1.696966
1995-01-31 0.202187 1.617325
1994-11-01 0.180524 1.626012
1994-08-02 0.180524 1.384079
1994-05-03 0.180524 1.492534
1994-02-04 0.180524 1.581024
1993-11-02 0.158862 1.083080
1993-08-03 0.158862 1.235092
1993-05-24 0.111925 0.901817
1993-05-07 1.213124 9.464786
1993-02-09 0.110722 1.025073
1992-11-17 0.110722 1.277782
1992-08-11 0.101094 1.287360
1992-05-12 0.101094 1.267928
1992-02-11 0.101094 1.312504
1991-11-12 0.101094 1.671647
1991-08-13 0.096280 1.509438
1991-05-14 0.096280 1.503764
1991-02-05 0.096280 1.951225
1990-11-06 0.096280 1.960790
Additional Data
dividendRate 0.74
dividendYield 1.93
exDividendDate 2025-12-18
trailingAnnualDividendRate 0.74
trailingAnnualDividendYield 0.019295959
lastDividendValue 0.74
lastDividendDate 2025-12-18
dividendDate 2025-12-29

Info Dump

Attribute Value
52 Week Change -0.010322571
Address1 888 Seventh Avenue
All Time High 99.90117
All Time Low 0.421224
Ask 0.0
Ask Size 300
Audit Risk 8
Average Analyst Rating 2.6 - Hold
Average Daily Volume10 Day 1,715,630
Average Daily Volume3 Month 1,785,885
Average Volume 1,785,885
Average Volume10Days 1,715,630
Beta 1.531
Bid 0.0
Bid Size 300
Board Risk 4
Book Value 25.708
City New York
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 5
Country United States
Crypto Tradeable 0
Currency USD
Current Price 38.31
Current Ratio 6.212
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 39.095
Day Low 37.995
Debt To Equity 126.133
Dividend Date 1,766,966,400
Dividend Rate 0.74
Dividend Yield 1.93
Earnings Call Timestamp End 1,785,852,000
Earnings Call Timestamp Start 1,785,852,000
Earnings Timestamp 1,785,787,200
Earnings Timestamp End 1,785,787,200
Earnings Timestamp Start 1,785,787,200
Ebitda 752,107,008
Ebitda Margins 0.40564
Enterprise To Ebitda 21.853
Enterprise To Revenue 8.864
Enterprise Value 16,435,677,184
Eps Forward 0.25
Eps Trailing Twelve Months 3.65
Esg Populated 0
Ex Dividend Date 1,766,016,000
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 201 587 0600
Fifty Day Average 34.9468
Fifty Day Average Change 3.3632011
Fifty Day Average Change Percent 0.09623774
Fifty Two Week Change Percent -1.0322571
Fifty Two Week High 43.37
Fifty Two Week High Change -5.0599976
Fifty Two Week High Change Percent -0.11667046
Fifty Two Week Low 24.57
Fifty Two Week Low Change 13.740002
Fifty Two Week Low Change Percent 0.55921865
Fifty Two Week Range 24.57 - 43.37
Financial Currency USD
First Trade Date Milliseconds 322,151,400,000
Five Year Avg Dividend Yield 4.42
Float Shares 157,541,276
Forward Eps 0.25
Forward P E 153.24
Free Cashflow 1,209,429,120
Full Exchange Name NYSE
Full Time Employees 3,145
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.49202
Gross Profits 912,254,016
Has Pre Post Market Data 1
Held Percent Insiders 0.073860005
Held Percent Institutions 0.96980006
Implied Shares Outstanding 204,792,020
Industry REIT - Office
Industry Disp REIT - Office
Industry Key reit-office
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,766,016,000
Last Dividend Value 0.74
Last Fiscal Year End 1,767,139,200
Last Split Date 1,500,336,000
Last Split Factor 1,237:1000
Long Business Summary Vornado Realty Trust is a fully integrated real estate investment trust with a 26 million square-foot portfolio of premier New York City office, retail and multifamily assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with 100% of our in-service office buildings LEED certified and over 95% certified LEED Gold or Platinum. Vornado Realty Trust was incorporated in 1946 in Maryland, USA.
Long Name Vornado Realty Trust
Market us_market
Market Cap 7,845,582,336
Market State PREPRE
Max Age 86,400
Message Board Id finmb_312648
Most Recent Quarter 1,774,915,200
Net Income To Common 733,166,976
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 7,213,548,942
Number Of Analyst Opinions 13
Open 37.94
Operating Cashflow 1,254,098,048
Operating Margins 0.13672
Overall Risk 5
Payout Ratio 0.2027
Peg Ratio 7.37
Phone 212 894 7000
Post Market Change -0.34000015
Post Market Change Percent -0.8874971
Post Market Price 37.97
Post Market Time 1,783,986,165
Previous Close 38.35
Price Hint 2
Price To Book 1.4901977
Price To Sales Trailing12 Months 4.231468
Profit Margins 0.42891997
Quick Ratio 5.858
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.61538
Region US
Regular Market Change -0.0399971
Regular Market Change Percent -0.104295
Regular Market Day High 39.095
Regular Market Day Low 37.995
Regular Market Day Range 37.995 - 39.095
Regular Market Open 37.94
Regular Market Previous Close 38.35
Regular Market Price 38.31
Regular Market Time 1,783,972,802
Regular Market Volume 1,316,901
Return On Assets 0.011419999
Return On Equity 0.12604
Revenue Growth -0.022
Revenue Per Share 9.691
Sand P52 Week Change 0.20847368
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 6
Shares Outstanding 188,097,756
Shares Percent Shares Out 0.0002
Shares Short 42,779
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 19,370
Short Name Vornado Realty Trust
Short Percent Of Float 0.00029999999
Short Ratio 0.02
Source Interval 15
State NY
Symbol VNO
Target High Price 45.0
Target Low Price 28.0
Target Mean Price 36.30769
Target Median Price 37.0
Total Cash 1,106,999,040
Total Cash Per Share 5.885
Total Debt 8,462,876,160
Total Revenue 1,854,104,064
Tradeable 0
Trailing Annual Dividend Rate 0.74
Trailing Annual Dividend Yield 0.019295959
Trailing Eps 3.65
Trailing P E 10.495891
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 33.33835
Two Hundred Day Average Change 4.971653
Two Hundred Day Average Change Percent 0.14912716
Type Disp Equity
Volume 1,316,901
Website https://www.vno.com
Zip 10,019-4499