As of Friday close, Vornado Realty Trust’s (NYSE:VNO) stock was down -$0.52, moving down -2.27 percent to $22.42. The average number of shares traded per day over the past five days has been 3,800,860 shares. 3 times new highs have been achieved over the past 5 days, with a -$2.76 fall in that time frame. In the last twenty days, the average volume was 2,933,825, while in the previous 50 days, it was 2,894,708.
Since last month, VNO stock rose 1.49%. Shares of the company fell to $20.94 on 08/23/23, the lowest level in the past month. A 52-week high of $26.76 was reached on 02/02/23 after having rallying from a 52-week low of $12.31. Since the beginning of this year, VNO’s stock price has risen by 7.74% or $1.61, and marked a new high 14 times. However, the stock has declined by -16.22% since its 52-week high.
VNO stock investors should be aware that Vornado Realty Trust (VNO) stock had its last reported insider trading activity 120 days ago on May 26. WIGHT RUSSELL B JR, the Director of the company, purchased of 2,000 shares for $11.20 on May 26. It resulted in a $22,400 investment by the insider. WIGHT RUSSELL B JR added 5,341 shares at an average price of $11.30 on May 25. The insider now owns 12,000 shares following the transaction. On May 23, Director WIGHT RUSSELL B JR bought 2,000 shares at $11.52 apiece. The transaction was valued at $23,030.
Valuation Metrics
The stock’s beta is 1.44. Besides these, the trailing price-to-sales (P/S) ratio of 2.35, the price-to-book (PB) ratio of 0.94.
The latest dividend of $0.3750 per share was paid out, which is -29.25% less than last year’s $0.53. On Wednesday January 18 2023, a $0.1550 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.82, and the total debt-to-equity ratio was 1.82. On the profitability front, the trailing twelve-month gross margin is 51.40% percent. Based on annual data, VNO earned $265.75 million in gross profit and brought in $1.8 billion in revenue.
In Vornado Realty Trust’s quarter-end financial report for June 29, it reported total debt of $5.72 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. VNO’s revenue rose 3.99% to $445.92 million during the quarter, while net income inched up to $472.36 million. While analysts expected Vornado Realty Trust to report $0.05 quarterly earnings, the actual figure was $0.14 per share. During the quarter, the company generated $212.61 million in EBITDA. The value of shareholders’ equity is $190.54 million.
Technical Picture
This quick technical analysis looks at Vornado Realty Trust’s (VNO) price momentum. With a historical volatility rate of 51.05%, the RSI 9-day stood at 29.66% on 22 September.
With respect to its five-day moving average, the current Vornado Realty Trust price is down by -10.96% percent or -$2.76. At present, VNO shares trade +1.59% above its 20-day simple moving average and +52.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.69% above its SMA50 and -2.10% below its SMA200.
Stochastic coefficient K was 22.52% and Stochastic coefficient D was 46.04%, while ATR was 1.01. Given the Stochastic reading of 5.49% for the 14-day period, the RSI (14) reading has been calculated as 39.70%. As of today, the MACD Oscillator reading stands at -1.01, while the 14-day reading stands at -1.14.
Analyst Ratings
Vornado Realty Trust downgraded its rating on Vornado Realty Trust (NYSE: VNO) to a Hold in a note to investors on September 15, 2023. The analysts firm previously had a Buy rating on the stock.Vornado Realty Trust (VNO) has been rated Underweight by analysts. According to 6 brokerage firms, VNO is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Vornado Realty Trust stock as buy, with 0 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $12.00 – $27.00. Based on these forecasts, analysts predict Vornado Realty Trust (VNO) will achieve an average price target of $19.50.
