Vornado Realty Trust (NYSE: VNO) is 32.67% higher on its value in year-to-date trading and has touched a low of $18.36 and a high of $36.62 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 $36.37 in the last trading session, with the day’s gains setting it 1.11%.
Currently trading at $37.48, the stock is 10.23% and 20.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing 3.05% at the moment leaves the stock 35.82% off its SMA200. VNO registered 48.49% gain for a year compared to 6-month gain of 47.15%.
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The stock witnessed a 17.79% loss in the last 1 month and extending the period to 3 months gives it a 47.38%, and is 12.38% 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 3.73% over the week and 2.95% over the month.
Vornado Realty Trust (VNO) has around 2935 employees, a market worth around $7.14B and $1.78B in sales. Current P/E ratio is 420.65. Profit margin for the company is 1.01%. Distance from 52-week low is 104.14% and 2.35% from its 52-week high. The company has generated returns on investments over the last 12 months (0.12%).
The EPS is expected to shrink by -23.83% this year.
Vornado Realty Trust (VNO) Top Institutional Holders
476.0 institutions hold shares in Vornado Realty Trust (VNO), with institutional investors hold 99.11% of the company’s shares. The shares outstanding are 190.39M, and float is at 166.16M with Short Float at 9.15%. Institutions hold 91.02% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 24.18 million shares valued at $635.73 million. The investor’s holdings represent 12.6983% of the VNO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 20.86 million shares valued at $548.28 million to account for 10.9517 of the shares outstanding. The other top investors are NORGES BANK which holds 17.34 million shares representing 9.107% and valued at over $455.93 million, while FRANKLIN RESOURCES INC holds 5.5218 of the shares totaling 10.52 million with a market value of $276.44 million.
Vornado Realty Trust (VNO) Insider Activity
The most recent transaction is an insider sale by WIGHT RUSSELL B JR, the company’s Director. SEC filings show that WIGHT RUSSELL B JR sold 2,000 shares of the company’s common stock on Jul 11 ’24 at a price of $28.19 per share for a total of $56387.0. Following the sale, the insider now owns 3034.0 shares.
Vornado Realty Trust disclosed in a document filed with the SEC on Dec 22 ’23 that Fascitelli Michael D (Director) sold a total of 337,055 shares of the company’s common stock. The trade occurred on Dec 22 ’23 and was made at $29.54 per share for $9.96 million. Following the transaction, the insider now directly holds 0.97 million shares of the VNO stock.
Still, SEC filings show that on Dec 21 ’23, Fascitelli Michael D (Director) disposed off 262,945 shares at an average price of $29.54 for $7.77 million. The insider now directly holds 1,306,546 shares of Vornado Realty Trust (VNO).
