Vornado Realty Trust (VNO) shares projected to rise by 1.49%

A share price of Vornado Realty Trust [VNO] is currently trading at $33.63, down -0.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VNO shares have lost -1.18% over the last week, with a monthly amount glided 9.47%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Vornado Realty Trust [NYSE: VNO] stock has seen the most recent analyst activity on August 20, 2024, when Evercore ISI upgraded its rating to a Outperform. Previously, Piper Sandler upgraded its rating to Neutral on August 08, 2024, and elevated its price target to $30. On August 08, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $40 on the stock. Morgan Stanley upgraded its rating to a Equal-Weight and increased its price target to $26 on March 28, 2024. Barclays initiated its recommendation with a Underweight and recommended $22 as its price target on March 27, 2024. BMO Capital Markets upgraded its rating to Market Perform for this stock on December 15, 2023, and upped its price target to $31. In a note dated December 11, 2023, Evercore ISI downgraded an Underperform rating on this stock and boosted its target price from $23 to $28.

Vornado Realty Trust experienced fluctuations in its stock price throughout the past year between $18.36 and $35.26. Currently, Wall Street analysts expect the stock to reach $34.13 within the next 12 months. Vornado Realty Trust [NYSE: VNO] shares were valued at $33.63 at the most recent close of the market. An investor can expect a potential return of 1.49% based on the average VNO price forecast.

Analyzing the VNO fundamentals

Trailing Twelve Months sales for Vornado Realty Trust [NYSE:VNO] were 1.78B which represents -4.68% decline. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.51%, Pretax Profit Margin comes in at 0.01%, 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 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.57.

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 33.26 points at the first support level, and at 32.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.10, and for the 2nd resistance point, it is at 34.58.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 3.60, the price to book ratio is 1.44 and price to earnings (TTM) ratio is 377.44.

Transactions by insiders

Recent insider trading involved WIGHT RUSSELL B JR, Director, that happened on Jul 11 ’24 when 2000.0 shares were sold. Director, Fascitelli Michael D completed a deal on Dec 22 ’23 to sell 0.34 million shares. Meanwhile, Director Fascitelli Michael D sold 0.26 million shares on Dec 21 ’23.

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