Vornado Realty Trust (NYSE: VNO) is -7.89% lower on its value in year-to-date trading and has touched a low of $12.31 and a high of $32.21 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VNO stock was last observed hovering at around $25.47 in the last trading session, with the day’s gains setting it 0.55%.
Currently trading at $26.02, the stock is 0.88% and -1.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 2.16% at the moment leaves the stock 12.79% off its SMA200. VNO registered 70.07% gain for a year compared to 6-month gain of 3.34%. The firm has a 50-day simple moving average (SMA 50) of $7.80 and a 200-day simple moving average (SMA200) of $16.70.
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The stock witnessed a 1.25% loss in the last 1 month and extending the period to 3 months gives it a -16.98%, and is 1.25% up 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 3.83% over the week and 3.58% over the month.
Vornado Realty Trust (VNO) has around 2935 employees, a market worth around $4.95B and $1.81B in sales. Current P/E ratio is 117.10. Profit margin for the company is 2.39%. Distance from 52-week low is 111.37% and -19.22% from its 52-week high. The company has generated returns on investments over the last 12 months (0.31%).
Vornado Realty Trust quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $447.8M over the same period.The EPS is expected to shrink by -120.37% this year, but quarterly earnings will post -0.40% year-over-year. Quarterly sales are estimated to shrink -0.80% in year-over-year returns.
Vornado Realty Trust (VNO) Top Institutional Holders
508 institutions hold shares in Vornado Realty Trust (VNO), with institutional investors hold 98.35% of the company’s shares. The shares outstanding are 190.39M, and float is at 166.37M with Short Float at 10.68%. Institutions hold 90.88% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 24.34 million shares valued at $441.57 million. The investor’s holdings represent 12.78% of the VNO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 20.34 million shares valued at $368.95 million to account for 10.67% of the shares outstanding. The other top investors are Norges Bank Investment Management which holds 18.08 million shares representing 9.49% and valued at over $376.29 million, while Putnam Investments LLC holds 5.17% of the shares totaling 9.85 million with a market value of $178.66 million.
Vornado Realty Trust (VNO) Insider Activity
The most recent transaction is an insider sale by Fascitelli Michael D,the company’sDirector. SEC filings show that Fascitelli Michael D sold 337,055 shares of the company’s common stock on Dec 22 ’23 at a price of $29.54 per share for a total of $9.96 million. Following the sale, the insider now owns 0.97 million shares.
Vornado Realty Trust disclosed in a document filed with the SEC on Dec 21 ’23 that Fascitelli Michael D (Director) sold a total of 262,945 shares of the company’s common stock. The trade occurred on Dec 21 ’23 and was made at $29.54 per share for $7.77 million. Following the transaction, the insider now directly holds 1.31 million shares of the VNO stock.
Still, SEC filings show that on Dec 14 ’23, WIGHT RUSSELL B JR (Director) disposed off 7,000 shares at an average price of $30.96 for $0.22 million. The insider now directly holds 2,300,579 shares of Vornado Realty Trust (VNO).
