Truist cuts Vornado Realty stock price target on lower FFO estimate

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Truist Securities has lowered its price target for Vornado Realty Trust (NYSE:VNO) to $28 from $29, while maintaining a Hold rating. This adjustment follows a reduction in Truist’s 2026 FFO estimate for Vornado to $2.25 per share, below the consensus, due to seasonality in signage revenue and other factors. Despite the stock trading near its 52-week low and a 38% decline over six months, InvestingPro analysis suggests it may be undervalued, and the company offers a 2.99% dividend yield with a 36-year history of payments.

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