Market Momentum Report: Vornado Realty Trust (VNO)’s Positive Close at 34.54

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The price of Vornado Realty Trust (NYSE: VNO) closed at $34.54 in the last session, up 3.35% from day before closing price of $33.42. In other words, the price has increased by $3.35 from its previous closing price. On the day, 3.69 million shares were traded. VNO stock price reached its highest trading level at $34.67 during the session, while it also had its lowest trading level at $33.3.

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 5.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.16. In the meantime, Its Debt-to-Equity ratio is 1.60 whereas as Long-Term Debt/Eq ratio is at 1.60.

On August 08, 2024, Piper Sandler Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $22 to $30.

BMO Capital Markets Upgraded its Market Perform to Outperform on August 08, 2024, whereas the target price for the stock was revised from $29 to $40.

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 Jul 11 ’24 when WIGHT RUSSELL B JR sold 2,000 shares for $28.19 per share. The transaction valued at 56,387 led to the insider holds 3,034 shares of the business.

Fascitelli Michael D sold 337,055 shares of VNO for $9,956,982 on Dec 22 ’23. The Director now owns 969,491 shares after completing the transaction at $29.54 per share. On Dec 21 ’23, another insider, Fascitelli Michael D, who serves as the Director of the company, sold 262,945 shares for $29.54 each. As a result, the insider received 7,766,475 and left with 1,306,546 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 7172783616 and an Enterprise Value of 16545494016. As of this moment, Vornado’s Price-to-Earnings (P/E) ratio for their current fiscal year is 387.65, and their Forward P/E ratio for the next fiscal year is 10279.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 22.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.70 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 8.806 whereas that against EBITDA is 20.503.

Stock Price History:

Over the past 52 weeks, VNO has reached a high of $33.69, while it has fallen to a 52-week low of $18.36. The 50-Day Moving Average of the stock is 22.84%, while the 200-Day Moving Average is calculated to be 30.09%.

Shares Statistics:

According to the various share statistics, VNO traded on average about 1.87M shares per day over the past 3-months and 2772860 shares per day over the past 10 days. A total of 190.39M shares are outstanding, with a floating share count of 165.97M. Insiders hold about 12.88% of the company’s shares, while institutions hold 86.94% stake in the company. Shares short for VNO as of 1722384000 were 16644190 with a Short Ratio of 8.90, compared to 1719532800 on 17413111. Therefore, it implies a Short% of Shares Outstanding of 16644190 and a Short% of Float of 12.370000000000001.

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 0.008976662The stock’s 5-year Average Dividend Yield is 5.82.

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