The stock of Vornado Realty Trust (NYSE:VNO) increased by $0.27 on Tuesday to finish at $25.18, up 1.08 percent. The last five days have seen an average of 2,980,720 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $4.37. The average number of shares traded over the last 20 days was 2,545,240, while the average volume over the last 50 days totaled 2,796,110.
VNO stock appreciated 19.34% since last month. On 08/21/23, the company’s shares reached a one-month low of $20.69. The stock touched a high of $26.93 on 02/02/23, after rallying from a low of $12.31 in 52 weeks. The price of VNO stock has risen by 21.00% or $4.37 this year, reaching a new high 14 times. Still, the stock price is down -6.52% from the 52-week high.
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Insider Transactions
VNO stock investors should be aware that Vornado Realty Trust (VNO) stock had its last reported insider trading activity 117 days ago on May 26. On May 26, Director WIGHT RUSSELL B JR acquired 2,000 shares at $11.20 each. This transaction resulted in the insider spending $22,400. On May 25, WIGHT RUSSELL B JR added 5,341 shares at a price of US$11.30. After the transaction, the insider now owns 12,000 shares. Director WIGHT RUSSELL B JR had earlier bought 2,000 shares on May 23 for $11.52 a share. The transaction was completed for $23,030.
Valuation Metrics
Beta for the stock is 1.44. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.64, the price-to-book (PB) ratio of 1.06.
Company paid $0.3750 per share in dividends, a decrease of -29.25% from $0.53 last year. A $0.1550 dividend decrease was reported on Wednesday January 18 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.82, and the total debt to equity ratio is 1.82. As far as profitability goes, gross margin for the trailing twelve months is 51.40% percent. Based on annual data, it had gross profit of $265.75 million and revenue of $1.8 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 1.90% return on investment (ROI) in the past year.
Earnings Surprise
According to Vornado Realty Trust’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $472.36 million, while revenues rose by 3.99% to $445.92 million. It was predicted that Vornado Realty Trust’s quarterly earnings would be $0.14, but it ended up being $0.05. EBITDA was $212.61 million for the quarter. At the end of Vornado Realty Trust’s most recent quarter ended June 29, its total debt was $9.07 billion. Equity owned by shareholders amounts to $190.54 million.
Technical Picture
Here’s a quick look at Vornado Realty Trust’s (VNO) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 64.88%, suggesting the stock is Neutral, with a 23.53% historical volatility rate.
The stochastic %K and %D were 79.79% and 83.21% respectively, while the average true range (ATR) was 0.82. Based on the 14-day stochastic reading of 74.76%, the RSI (14) reading is 65.84%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at 0.30.
Analyst Ratings
Vornado Realty Trust (NYSE: VNO) was downgraded by Truist to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Vornado Realty Trust (VNO) an Underweight rating. VNO is a stock that is recommended for selling by 6 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 0 others recommend it as a buy.
What is VNO’s price target for the next 12 months?
The current consensus forecast for the stock is between $12.00 and $27.00, with a median target price of $19.00. In analyzing these forecasts, the average price target given by analysts for Vornado Realty Trust (VNO) is $19.50.
