Vornado Realty Trust (NYSE: VNO)’s stock price has plunge by 2.32relation to previous closing price of 27.21. Nevertheless, the company has seen a 5.33% surge in its stock price over the last five trading sessions. Bloomberg Markets and Finance reported 2024-03-28 that Top calls today are Wayfair Price Target Hiked, Palantir Cut to Sell, Vornado Upgraded.
Is It Worth Investing in Vornado Realty Trust (NYSE: VNO) Right Now?
Vornado Realty Trust (NYSE: VNO) has a price-to-earnings ratio of 125.35x that is above its average ratio. Additionally, the 36-month beta value for VNO is 1.56. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for VNO is 166.37M and currently, short sellers hold a 11.47% ratio of that float. The average trading volume of VNO on April 04, 2024 was 2.29M shares.
VNO’s Market Performance
VNO’s stock has seen a 5.33% increase for the week, with a 5.90% rise in the past month and a -3.00% fall in the past quarter. The volatility ratio for the week is 3.48%, and the volatility levels for the past 30 days are at 3.91% for Vornado Realty Trust The simple moving average for the past 20 days is 4.34% for VNO’s stock, with a 17.18% simple moving average for the past 200 days.
Analysts’ Opinion of VNO
Many brokerage firms have already submitted their reports for VNO stocks, with Morgan Stanley repeating the rating for VNO by listing it as a “Equal-Weight.” The predicted price for VNO in the upcoming period, according to Morgan Stanley is $26 based on the research report published on March 28, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see VNO reach a price target of $22. The rating they have provided for VNO stocks is “Underweight” according to the report published on March 27th, 2024.
BMO Capital Markets gave a rating of “Market Perform” to VNO, setting the target price at $31 in the report published on December 15th of the previous year.
VNO Trading at 4.88% from the 50-Day Moving Average
After a stumble in the market that brought VNO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.57% of loss for the given period.
Volatility was left at 3.91%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares surge +5.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.96% lower at present.
During the last 5 trading sessions, VNO rose by +5.33%, which changed the moving average for the period of 200-days by +75.87% in comparison to the 20-day moving average, which settled at $26.76. In addition, Vornado Realty Trust saw -1.45% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VNO starting from Fascitelli Michael D, who sale 337,055 shares at the price of $29.54 back on Dec 22 ’23. After this action, Fascitelli Michael D now owns 969,491 shares of Vornado Realty Trust, valued at $9,956,982 using the latest closing price.
Fascitelli Michael D, the Director of Vornado Realty Trust, sale 262,945 shares at $29.54 during a trade that took place back on Dec 21 ’23, which means that Fascitelli Michael D is holding 1,306,546 shares at $7,766,475 based on the most recent closing price.
Stock Fundamentals for VNO
Current profitability levels for the company are sitting at:
- 0.41 for the present operating margin
- 0.5 for the gross margin
The net margin for Vornado Realty Trust stands at 0.04. The total capital return value is set at 0.05. Equity return is now at value 1.86, with 0.65 for asset returns.
Based on Vornado Realty Trust (VNO), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.63. The interest coverage ratio of the stock is 4.67.
Currently, EBITDA for the company is 823.51 million with net debt to EBITDA at 17.96. When we switch over and look at the enterprise to sales, we see a ratio of 7.34. The receivables turnover for the company is 2.35for trailing twelve months and the total asset turnover is 0.11.
Conclusion
In conclusion, Vornado Realty Trust (VNO) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
