VNO · NYSE · STOCK
Vornado Realty Trust (VNO) Stock Analysis
$33.63
52W $24.57 – $41.60
52/100
$6.33B
—
1.59
Is VNO Bullish or Bearish?
Mixed.
Innellis AI committee rates Vornado Realty Trust (VNO) Watch with a composite score of 52/100
, based on 5 analysts with 60% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +8.50 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -11.50 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.1x is a discount to asset value — Value
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement — Technical
Bear Case
- P/E of 92.6 is expensive by classic value standards — Value
- ROE of only 1.1% -- cheap may mean cheap for a reason — Value
- EPS declining -92.1% YoY despite any revenue growth — Growth
- 3 consecutive earnings misses -- execution concerns — Growth
- News sentiment is negative (-0.33 across 3 articles, 14d) — News
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
52/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 71%
of 80 Real Estate peers
Value Analyst
neutral
43
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ Price-to-book of 1.1x is a discount to asset value
− P/E of 92.6 is expensive by classic value standards
Growth Analyst
neutral
41
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ Quarter-over-quarter growth rate is ACCELERATING, not just positive
− EPS declining -92.1% YoY despite any revenue growth
Technical Analyst
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ MACD histogram positive -- bullish momentum
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
47
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
− News sentiment is negative (-0.33 across 3 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 51.5 to 51.5.
- New bearish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
39.5
Neutral
MACD Histogram
0.084
Bullish Momentum
Trend Direction
Sideways
Weekly: Sideways
Market Structure
Mixed
Support
$32.61
Resistance
$38.17
Bollinger %B
0.26
Inside Bands
Price vs Moving Averages
EMA 9
$33.80
Below
EMA 21
$34.45
Below
EMA 50
$35.66
Below
EMA 200
$35.18
Below
Fundamental Analysis
Valuation
67
Growth
46
Profitability
52
Financial Health
73
Cash Flow
70
Valuation
P/E Ratio
—
P/B Ratio
1.09×
PEG Ratio
-10.96
Dividend Yield
2.20%
52W High
$41.60
52W Low
$24.57
Quality & Growth
ROE
1511.6%
ROA
583.0%
Gross Margin
4259.5%
Operating Margin
1090.9%
Revenue Growth YoY
—
Debt / Equity
1.57
AI Fundamental Assessment
P/E ratio of 1088.3 (rich relative to a 15-40x range); Price-to-book of 1.1x; PEG ratio of -11.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 15.1%; Return on assets of 5.8%; Net margin of 3.7%; Gross margin of 42.6%; Current ratio of 4.77 (healthy short-term liquidity); Debt-to-equity of 1.57; Free cash flow per share is positive (1.44); Most recent quarter missed estimates by 5.5%; 3 consecutive earnings misses; EPS growth accelerating (-100.0% -> +33.3% QoQ); Average YoY EPS growth of -102.2%; Analyst estimates falling over recent quarters
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