Vornado Realty Trust [VNO] stock is trading at $27.84, up 2.32%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VNO shares have gain 5.33% over the last week, with a monthly amount glided 5.90%, and 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 March 28, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight and also boosted its price target to $26 from $24. Previously, Barclays started tracking the stock with Underweight rating on March 27, 2024, and set its price target to $22. On December 15, 2023, upgrade upgraded it’s rating to Market Perform and revised its price target to $31 on the stock. Evercore ISI downgraded its rating to a Underperform and increased its price target to $28 on December 11, 2023. Compass Point initiated its recommendation with a Neutral and recommended $25 as its price target on September 26, 2023. Truist downgraded its rating to Hold for this stock on September 15, 2023, and upped its price target to $27. In a note dated April 27, 2023, Piper Sandler downgraded an Underweight rating on this stock and revised its target price from $16 to $11.
Vornado Realty Trust [VNO] stock has fluctuated between $12.31 and $32.21 over the past year. Currently, Wall Street analysts expect the stock to reach $34 within the next 12 months. Vornado Realty Trust [NYSE: VNO] shares were valued at $27.84 at the most recent close of the market. An investor can expect a potential return of 22.13% based on the average VNO price forecast.
Analyzing the VNO fundamentals
Vornado Realty Trust [NYSE:VNO] reported sales of 1.81B for the trailing twelve months, which represents 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.63.
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 27.22 points at the first support level, and at 26.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.18, and for the 2nd resistance point, it is at 28.52.
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 2.93, the price to book ratio is 1.23 and price to earnings (TTM) ratio is 125.35.
Transactions by insiders
Recent insider trading involved Fascitelli Michael D, Director, that happened on Dec 22 ’23 when 0.34 million shares were sold. Director, Fascitelli Michael D completed a deal on Dec 21 ’23 to sell 0.26 million shares. Meanwhile, Director WIGHT RUSSELL B JR sold 7000.0 shares on Dec 14 ’23.
