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The price of Vornado Realty Trust (NYSE: VNO) closed at $28.74 in the last session, up 7.64% from day before closing price of $26.70. In other words, the price has increased by $7.64 from its previous closing price. On the day, 2.19 million shares were traded. VNO stock price reached its highest trading level at $28.905 during the session, while it also had its lowest trading level at $27.55.
Ratios:
We take a closer look at VNO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.20. In the meantime, Its Debt-to-Equity ratio is 1.63 whereas as Long-Term Debt/Eq ratio is at 1.63.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on March 28, 2024, Upgraded its rating to Equal-Weight and sets its target price to $26 from $24 previously.
On March 27, 2024, Barclays started tracking the stock assigning a Underweight rating and target price of $22.
BMO Capital Markets Upgraded its Underperform to Market Perform on December 15, 2023, whereas the target price for the stock was revised from $25 to $31.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 22 ’23 when Fascitelli Michael D sold 337,055 shares for $29.54 per share. The transaction valued at 9,956,982 led to the insider holds 969,491 shares of the business.
Fascitelli Michael D sold 262,945 shares of VNO for $7,766,475 on Dec 21 ’23. The Director now owns 1,306,546 shares after completing the transaction at $29.54 per share. On Dec 14 ’23, another insider, WIGHT RUSSELL B JR, who serves as the Director of the company, sold 7,000 shares for $30.96 each. As a result, the insider received 216,686 and left with 2,300,579 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VNO now has a Market Capitalization of 5966424064 and an Enterprise Value of 15475447808. As of this moment, Vornado’s Price-to-Earnings (P/E) ratio for their current fiscal year is 194.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 11.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.04 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 8.258 whereas that against EBITDA is 19.162.
Stock Price History:
The Beta on a monthly basis for VNO is 1.62, which has changed by 0.53279996 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, VNO has reached a high of $32.21, while it has fallen to a 52-week low of $18.36. The 50-Day Moving Average of the stock is 14.77%, while the 200-Day Moving Average is calculated to be 13.74%.
Shares Statistics:
According to the various share statistics, VNO traded on average about 1.71M shares per day over the past 3-months and 1400610 shares per day over the past 10 days. A total of 190.39M shares are outstanding, with a floating share count of 166.14M. Insiders hold about 12.78% of the company’s shares, while institutions hold 86.39% stake in the company. Shares short for VNO as of 1718323200 were 18361810 with a Short Ratio of 10.21, compared to 1715731200 on 18309392. Therefore, it implies a Short% of Shares Outstanding of 18361810 and a Short% of Float of 13.65.
Dividends & Splits
The forward annual dividend rate for VNO is 0.30, which was 0.3 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.011235955The stock’s 5-year Average Dividend Yield is 5.87. The current Payout Ratio is 298.54% for VNO, which recently paid a dividend on 2023-12-14 with an ex-dividend date of 1702512000. Stock splits for the company last occurred on 2017-07-18 when the company split stock in a 1237:1000 ratio.
