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Vornado Realty Trust (NYSE: VNO) closed the day trading at $27.21 up 2.33% from the previous closing price of $26.59. In other words, the price has increased by $2.33 from its previous closing price. On the day, 1.29 million shares were traded. VNO stock price reached its highest trading level at $27.785 during the session, while it also had its lowest trading level at $26.41.
Ratios:
For a better understanding of VNO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.77. In the meantime, Its Debt-to-Equity ratio is 1.64 whereas as Long-Term Debt/Eq ratio is at 1.54.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 5643598336 and an Enterprise Value of 14984779776. As of this moment, Vornado’s Price-to-Earnings (P/E) ratio for their current fiscal year is 122.51, and their Forward P/E ratio for the next fiscal year is 593.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.86 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 7.954 whereas that against EBITDA is 18.486.
Stock Price History:
Over the past 52 weeks, VNO has reached a high of $32.21, while it has fallen to a 52-week low of $12.31. The 50-Day Moving Average of the stock is 2.61%, while the 200-Day Moving Average is calculated to be 11.07%.
Shares Statistics:
Over the past 3-months, VNO traded about 2.17M shares per day on average, while over the past 10 days, VNO traded about 1730390 shares per day. A total of 190.39M shares are outstanding, with a floating share count of 166.45M. Insiders hold about 12.62% of the company’s shares, while institutions hold 85.94% stake in the company. Shares short for VNO as of 1711584000 were 18556283 with a Short Ratio of 8.54, compared to 1709164800 on 17762122. Therefore, it implies a Short% of Shares Outstanding of 18556283 and a Short% of Float of 14.540000000000001.
Dividends & Splits
VNO’s forward annual dividend rate is 0.30, up from 0.675 a year ago. Against a Trailing Annual Dividend Yield of 0.025385484The stock’s 5-year Average Dividend Yield is 6.01.
