The stock of Vornado Realty Trust (NYSE: VNO) has decreased by -1.96 when compared to last closing price of 42.91. Despite this, the company has experienced a -3.44% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-13 that Manhattan is experiencing a generational wave of office-to-residential conversions that are taking the supply of office space off the market. Vornado Series O Preferreds are trading at just under 66 cents on the dollar. Leasing is strong, with VNO expecting its portfolio occupancy rate to rise on the back of recent leases.
Is It Worth Investing in Vornado Realty Trust (NYSE: VNO) Right Now?
Additionally, the 36-month beta value for VNO is 1.62. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for VNO is 166.28M and currently, short sellers hold a 7.99% ratio of that float. The average trading volume of VNO on November 14, 2024 was 1.94M shares.
VNO’s Market Performance
VNO’s stock has seen a -3.44% decrease for the week, with a 2.86% rise in the past month and a 32.21% gain in the past quarter. The volatility ratio for the week is 4.06%, and the volatility levels for the past 30 days are at 3.22% for Vornado Realty Trust The simple moving average for the last 20 days is -2.39% for VNO stock, with a simple moving average of 38.33% for the last 200 days.
Analysts’ Opinion of VNO
Piper Sandler, on the other hand, stated in their research note that they expect to see VNO reach a price target of $30, previously predicting the price at $22. The rating they have provided for VNO stocks is “Neutral” according to the report published on August 08th, 2024.
BMO Capital Markets gave a rating of “Outperform” to VNO, setting the target price at $40 in the report published on August 08th of the current year.
VNO Trading at 4.89% 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 -9.78% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 4.06%, as shares surge +1.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.91% upper at present.
During the last 5 trading sessions, VNO fell by -3.44%, which changed the moving average for the period of 200-days by +46.53% in comparison to the 20-day moving average, which settled at $43.10. In addition, Vornado Realty Trust saw 48.92% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VNO starting from WIGHT RUSSELL B JR, who sale 2,000 shares at the price of $28.19 back on Jul 11 ’24. After this action, WIGHT RUSSELL B JR now owns 3,034 shares of Vornado Realty Trust, valued at $56,387 using the latest closing price.
Fascitelli Michael D, the Director of Vornado Realty Trust, sale 337,055 shares at $29.54 during a trade that took place back on Dec 22 ’23, which means that Fascitelli Michael D is holding 969,491 shares at $9,956,982 based on the most recent closing price.
Stock Fundamentals for VNO
Current profitability levels for the company are sitting at:
- 0.51 for the present operating margin
- 0.42 for the gross margin
The net margin for Vornado Realty Trust stands at -0.0. The total capital return value is set at 0.06. Equity return is now at value 0.15, with 0.05 for asset returns.
Based on Vornado Realty Trust (VNO), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 5.64.
Currently, EBITDA for the company is 845.61 million with net debt to EBITDA at 33.01. When we switch over and look at the enterprise to sales, we see a ratio of 8.74. The receivables turnover for the company is 2.54for trailing twelve months and the total asset turnover is 0.11.
Conclusion
In conclusion, Vornado Realty Trust (VNO) has seen better 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.
