Vornado Realty Trust (NYSE:VNO) finished Friday with an addition of $0.15 to close at $22.68, an upside of 0.67 percent. An average of 2,915,120 shares of common stock have been traded in the last five days. There was a gain of $0.26 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 3,120,900 shares traded, while the 50-day average volume stands at 2,829,584.
VNO stock has decreased by -5.38% in the last month. The company shares reached their 1-month lowest point of $21.41 on 09/26/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $12.31 and a high of $26.76 in 52 weeks. It has reached a new high 14 times so far this year and achieved 8.99% or $1.87 in price. In spite of this, the price is down -15.25% from the 52-week high.
Valuation Metrics
Vornado Realty Trust (VNO) stock’s beta is 1.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.37, the price-to-book (PB) ratio at 0.95, and the price-to-cash flow ratio at 5.50.
The company’s most recent quarterly dividend payment was $0.3750 a share, representing a down of -29.25% from $0.53 last year. Its latest decrease dividend $0.1550 reported on Wednesday January 18 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.58 and a total debt to equity ratio of 1.58 for the quarter ending June 29. Its gross profit as reported stood at $265.75 million compared to revenue of $1.8 billion.
Earnings Surprise
For the three-month period that ended June 29, Vornado Realty Trust had $5.72 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $46.38 million in the quarter, while revenues of $5.17 million were shrunk -8.71%. The analyst consensus anticipated Vornado Realty Trust’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.14, a 180.00% surprise. For the quarter, EBITDA amounted to $212.61 million. At the end of the quarter ending June 29, Vornado Realty Trust’s stock balance sheet showed total debt was $9.07 billion. Shareholders own equity worth $190.54 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Vornado Realty Trust (VNO) price momentum. RSI 9-day as of the close on 29 September was 41.92%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.62%.
As of today, VNO’s price is $22.18 +1.16% or $0.26 from its 5-day moving average. VNO is currently trading -5.58% lower than its 20-day SMA and +64.47% higher than its 100-day SMA. However, the stock’s current price level is +13.12% above the SMA50 and +0.35% above the SMA200.
The stochastic %K and %D were 19.58% and 13.56%, respectively, and the average true range (ATR) was 0.93. With the 14-day stochastic at 26.46% and the average true range at 0.91, the RSI (14) stands at 45.26%. The stock has reached -0.61 on the 9-day MACD Oscillator while the 14-day reading was at -1.34.
Analyst Ratings
Compass Point launched coverage on Vornado Realty Trust (NYSE: VNO) in its analyst report released on September 26, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Vornado Realty Trust (VNO) among analysts is Underweight. According to current brokerage recommendations, 6 brokerage firms advise that investors sell VNO, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 0 others rate it as a “buy”.
What is VNO’s price target for the next 12 months?
Analysts predict a range of price targets between $12.00 and $27.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for Vornado Realty Trust (VNO) stock is $20.00.
