B+
Bull case
25%
Probability
Target price
$46.00
Analysis reference price unavailable
Analysis 2026-08-06 · RankAlpha Sentiment Codex
VNO
Vornado Realty TrustBNYSE / Equity Real Estate Investment Trusts (REITs)
Last Price
Quote time unavailable
Current thesis
The company-confirmed Q2 adjusted FFO improvement and positive rent-commencement contribution suggest better recurring operating momentum, although no post-print analyst revisions are available in the packet.
Posture
Constructive
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta +9.5.
What can break
Director Michael D. Fascitelli sold 133,350 common shares in open-market transactions on 2026-06-17; this is sentiment context, not operating evidence. [#SEC-FORM4-2026-06-18]
Momentum
50
Value
65
Sentiment
63
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $40.00 · Bull $46.00 · Bear $33.00Analysis 2026-08-06; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-08 • Model: HYBRID_IC_RP
AI Memo
As of 2026-08-06 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-09-08
Investment thesis
As of 2026-09-08
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-08. Definitions
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $40.75
Why
Momentum50 · Δ7d +7.4
Value65 · Δ7d -
Sentiment63 · Δ7d +9.5
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.
Confirming evidence
- • Sentiment remains the lead driver in the composite, 7D delta +9.5.
Contradictions & invalidation
- • Director Michael D. Fascitelli sold 133,350 common shares in open-market transactions on 2026-06-17; this is sentiment context, not operating evidence. [#SEC-FORM4-2026-06-18]
- • Interest expense was a $10.2 million Q2 adjusted-FFO headwind. [#SEC-8K-2026-08-03]
- • First-half adjusted FFO was flat year over year, interest expense remains a material drag, and the prior-year NYU master-lease gain makes reported net-income comparisons unusually volatile.
Catalyst clock
2026-08-03
Q2 adjusted FFO beat and operating bridge
Lead driver: Sentiment · See AI snapshot
Momentum
50
9% active weight
Current posture
7d trendImproving
Δ7d
+7.4
Δ21d
-19.1
Value
65
28% active weight
Current posture
7d trendTrend unavailable
Trend unavailable
Δ7d
-
Δ21d
-
Sentiment
63
62% active weight
Current posture
7d trendImproving
Δ7d
+9.5
Δ21d
+8.4
Why this grade
Composite grade B. Momentum 49.6 / Value 64.7 / Sentiment 63.1
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-08-06. Scenario method
Most likely
B
Base case
50%
Probability
Target price
$40.00
Analysis reference price unavailable
Analysis 2026-08-06 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$33.00
Analysis reference price unavailable
Analysis 2026-08-06 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-08-17
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$7.71B
Beta
1.52
Shares Out
186.72M
P/E (TTM)
8.0
P/S (TTM)
3.54
P/FCF (TTM)
14.72
Rev YoY
+4.7%
EPS YoY
-97.7%
Gross Margin
+19.8%
Op Margin
+10.4%
Net Debt
$6.93B
Current Ratio
4.77
As of 2026-09-08 • Updated nightlySource: Internal modelMethods & Data