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VNO Stock Forecast: All the More Reason to Consider Vornado Realty Trust (VNO) Now

Vornado Realty Trust (NYSE: VNO) is 6.92% higher on its value in year-to-date trading and has touched a low of $20.03 and a high of $47.26 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VNO stock was last observed hovering at around $22.17 in the last trading session, with the day’s gains setting it 0.08% off its average median price target of $23.00 for the next 12 months. It is also 17.59% off the consensus price target high of $27.00 offered by 13 analysts, but current levels are -23.61% lower than the price target low of $18.00 for the same period.

Currently trading at $22.25, the stock is 2.20% and -2.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.06 million and changing 0.36% at the moment leaves the stock -21.39% off its SMA200. VNO registered -49.56% loss for a year compared to 6-month loss of -24.40%.

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The stock witnessed a 4.41% gain in the last 1 month and extending the period to 3 months gives it a 3.06%, and is -3.39% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.55% over the week and 3.05% over the month.

Vornado Realty Trust (VNO) has around 3224 employees, a market worth around $4.25B and $1.77B in sales. Current P/E ratio is 44.59 and Fwd P/E is 180.89. Profit margin for the company is 6.30%. Distance from 52-week low is 11.08% and -52.92% from its 52-week high. The company has generated returns on investments over the last 12 months (1.70%).

Vornado Realty Trust (VNO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Vornado Realty Trust (VNO) is a “Hold”. 13 analysts offering their recommendations for the stock have an average rating of 3.30, where 8 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.

Vornado Realty Trust is expected to release its quarterly report on 05/01/2023.The EPS is expected to grow by 128.80% this year.

Vornado Realty Trust (VNO) Top Institutional Holders

The shares outstanding are 191.79M, and float is at 176.25M with Short Float at 12.58%.

Vornado Realty Trust (VNO) Insider Activity

A total of 0 insider transactions have happened at Vornado Realty Trust (VNO) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Fascitelli Michael D,the company’sDirector. SEC filings show that Fascitelli Michael D sold 119,100 shares of the company’s common stock on Apr 13 at a price of $41.97 per share for a total of $5.0 million. Following the sale, the insider now owns 1.1 million shares.

Vornado Realty Trust (VNO): Who are the competitors?

The company’s main competitors (and peers) include JBG SMITH Properties (JBGS) that is trading -32.79% down over the past 12 months and Broadstone Net Lease Inc. (BNL) that is -23.50% lower over the same period. Essential Properties Realty Trust Inc. (EPRT) is -9.94% down on the 1-year trading charts.

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