Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Vornado Realty Trust (NYSE: VNO) was $26.63 for the day, up 1.52% from the previous closing price of $26.23. In other words, the price has increased by $1.52 from its previous closing price. On the day, 1.46 million shares were traded. VNO stock price reached its highest trading level at $26.98 during the session, while it also had its lowest trading level at $26.41.
Ratios:
Our analysis of VNO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.60. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 5440349184 and an Enterprise Value of 14992395264. As of this moment, Vornado’s Price-to-Earnings (P/E) ratio for their current fiscal year is 119.90, and their Forward P/E ratio for the next fiscal year is 580.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.80 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 7.958 whereas that against EBITDA is 18.495.
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 -0.06%, while the 200-Day Moving Average is calculated to be 7.25%.
Shares Statistics:
VNO traded an average of 2.06M shares per day over the past three months and 1605120 shares per day over the past ten days. 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 85.74% stake in the company. Shares short for VNO as of 1713139200 were 17237524 with a Short Ratio of 8.35, compared to 1710460800 on 19081966. Therefore, it implies a Short% of Shares Outstanding of 17237524 and a Short% of Float of 12.82.
Dividends & Splits
With its trailing 12-month dividend rate of 0.675, VNO has a forward annual dividend rate of 0.30. Against a Trailing Annual Dividend Yield of 0.025733894The stock’s 5-year Average Dividend Yield is 5.97.
