Vornado Realty Trust [VNO] stock prices are up 5.16% to $26.30 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VNO shares have gain 3.02% over the last week, with a monthly amount drifted -8.39%, and not seem to be holding up well over a long-time horizon.
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On 20, February 2024, Vornado Realty Trust Announces Famed Avra Group Will Open a New 20,000 SF Restaurant in THE PENN DISTRICT. In a post published today on Yahoo Finance, Vornado Realty Trust (NYSE:VNO) announced today that The Avra Group will open its famed Mediterranean restaurant in THE PENN DISTRICT, one of the most desirable and convenient locations in Manhattan, sitting directly atop Penn Station.
From an analyst’s perspective:
Vornado Realty Trust [NYSE: VNO] stock has seen the most recent analyst activity on December 15, 2023, when BMO Capital Markets upgraded its rating to a Market Perform and also boosted its price target to $31 from $25. Previously, Evercore ISI downgraded its rating to Underperform on December 11, 2023, and elevated its price target to $28. On September 26, 2023, Compass Point initiated with a Neutral rating and assigned a price target of $25 on the stock. Truist downgraded its rating to a Hold and increased its price target to $27 on September 15, 2023. Piper Sandler downgraded its rating to a Underweight and reduced its price target to $11 on April 27, 2023. Piper Sandler upgraded its rating to Neutral for this stock on March 21, 2023, and downed its price target to $16.
The stock price of Vornado Realty Trust [VNO] has been fluctuating between $12.31 and $32.21 over the past year. Currently, Wall Street analysts expect the stock to reach $36.67 within the next 12 months. Vornado Realty Trust [NYSE: VNO] shares were valued at $26.30 at the most recent close of the market. An investor can expect a potential return of 39.43% based on the average VNO price forecast.
Analyzing the VNO fundamentals
The Vornado Realty Trust [NYSE:VNO] reported sales of 1.81B for trailing twelve months, representing a drop of -1.13%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.41%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.56 points at the first support level, and at 24.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.88, and for the 2nd resistance point, it is at 27.45.
Vornado Realty Trust [VNO] reported earnings per share of $0.04 for its fiscal quarter that ended on 12/30/2023. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.07 per share as compared to estimates of $0.08 per share, a difference of -$0.01 representing a surprise of -12.50%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.76, the price to book ratio is 1.16 and price to earnings (TTM) ratio is 118.36.
Transactions by insiders
Insider trading, which has resulted in 0 insider purchases of 0 shares and 3 insider sales of 600,000 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Fascitelli Michael D, Director, that happened on Dec 22 when 0.34 million shares were sold. Director, Fascitelli Michael D completed a deal on Dec 21 to sell 0.26 million shares. Meanwhile, Director WIGHT RUSSELL B JR sold 7000.0 shares on Dec 14.
