Technical Outlook And Game Plan For Vornado Realty Trust (NYSE: VNO)

Vornado Realty Trust (VNO) concluded trading on Wednesday at a closing price of $38.88, with 3.15 million shares of worth about $122.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.17% during that period and on September 18, 2024 the price saw a gain of about 3.40%. Currently the company’s common shares owned by public are about 190.39M shares, out of which, 166.16M shares are available for trading.

Stock saw a price change of 13.92% in past 5 days and over the past one month there was a price change of 18.03%. Year-to-date (YTD), VNO shares are showing a performance of 37.63% which increased to 56.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.36 but also hit the highest price of $38.09 during that period. The average intraday trading volume for Vornado Realty Trust shares is 2.09 million. The stock is currently trading 12.67% above its 20-day simple moving average (SMA20), while that difference is up 23.18% for SMA50 and it goes to 40.18% higher than SMA200.

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Vornado Realty Trust (NYSE: VNO) currently have 190.39M outstanding shares and institutions hold larger chunk of about 85.80% of that.

The stock has a current market capitalization of $7.41B and its 3Y-monthly beta is at 1.62. PE ratio of stock for trailing 12 months is 436.36, while it has posted earnings per share of $0.09 in the same period. Its PEG reads 25.18 while making debt-to-equity ratio of 1.60. 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 4.11% while standing at 3.08% over the month.

Stock’s fiscal year EPS is expected to drop by -23.83% while it is estimated to decrease by -102.85% in next year. EPS is likely to grow at an annualized rate of 17.33% for next 5-years, compared to annual growth of -35.42% made by the stock over the past 5-years.

Coverage by Piper Sandler stated Vornado Realty Trust (VNO) stock as a Neutral in their note to investors on August 08, 2024, suggesting a price target of $30 for the stock. On August 08, 2024, BMO Capital Markets Upgrade their recommendations, while on March 28, 2024, Morgan Stanley Upgrade their ratings for the stock with a price target of $26. Stock get an Underweight rating from Barclays on March 27, 2024.

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