Vornado Realty Trust (VNO) concluded trading on 01/11/24 at a closing price of $27.28, with 3.42 million shares of worth about $93.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 43.20% during that period and on Thursday the price saw a loss of about -3.43%. Currently the company’s common shares owned by public are about 191.87M shares, out of which, 166.30M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 13 analysts are covering the VNO stock and their offered price forecasts bring an average price target of $24.92. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $31.00 and could fall to a lowest price of $18.00. The stock’s current price level is -9.47% below of average price target set by the analysts, while a dip to estimated low would result in loss of -51.56% for the stock. However, touching the estimated high of $31.00 would mean a gain of 12.0% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 4 times over the past 12 months. They bought 9,095 shares in 1 of the transactions. In 3 selling transactions, insiders dumped 600,000 shares.
Vornado Realty Trust (NYSE: VNO) started trading at $27.90, below -$0.35 from concluding price of the previous day. Stock saw a price change of -1.91% in past 5 days and over the past one month there was a price change of 0.15%. Year-to-date (YTD), VNO shares are showing a performance of -3.43% which increased to 25.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.31 but also hit the highest price of $32.21 during that period. The average intraday trading volume for Vornado Realty Trust shares is 2.77 million. The stock is currently trading -5.87% below its 20-day simple moving average (SMA20), while that difference is up 7.12% for SMA50 and it goes to 33.99% higher than SMA200.
Vornado Realty Trust (NYSE: VNO) currently have 191.87M outstanding shares and institutions hold larger chunk of about 86.51% of that.
The stock has a current market capitalization of $5.19B and its 3Y-monthly beta is at 1.56. It has posted earnings per share of -$2.03 in the same period. It has a debt-to-equity ratio of 1.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VNO, volatility over the week remained 3.76% while standing at 4.78% over the month.
Analysts are in expectations that Vornado Realty Trust (VNO) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is -$0.11 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -6.58% while it is estimated to decrease by -90.45% in next year.
Analysts at 13 brokerage firms have issued recommendations for the Vornado Realty Trust (VNO)’s stock and average of those rates the stock at a “Moderate Sell” and assign it a score of 4.00. Out of those 13 Wall Street analysts, 0 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 6 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on December 15, 2023 offering a Market perform rating for the stock and assigned a target price range of between $25 and $31 to it.
