The price of Vornado Realty Trust (NYSE: VNO) closed at $24.82 in the last session, down -4.58% from day before closing price of $26.01. In other words, the price has decreased by -$1.19 from its previous closing price. On the day, 1823179 shares were traded.
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 3.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.08. 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, BMO Capital Markets on December 15, 2023, Upgraded its rating to Market Perform and sets its target price to $31 from $25 previously.
On December 11, 2023, Evercore ISI Downgraded its rating to Underperform which previously was In-line and also upped its target price recommendation from $23 to $28.
On September 26, 2023, Compass Point started tracking the stock assigning a Neutral rating and target price of $25.Compass Point initiated its Neutral rating on September 26, 2023, with a $25 target price.
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 4.73B and an Enterprise Value of 13.90B. As of this moment, Vornado’s Price-to-Earnings (P/E) ratio for their current fiscal year is 111.70, and their Forward P/E ratio for the next fiscal year is 4964.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 7.67 whereas that against EBITDA is 16.43.
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 26.57, while the 200-Day Moving Average is calculated to be 23.01.
Shares Statistics:
According to the various share statistics, VNO traded on average about 2.52M shares per day over the past 3-months and 2.12M shares per day over the past 10 days. A total of 190.39M shares are outstanding, with a floating share count of 166.37M. Insiders hold about 12.62% of the company’s shares, while institutions hold 86.11% stake in the company. Shares short for VNO as of Feb 29, 2024 were 17.76M with a Short Ratio of 7.04, compared to 18.53M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.33% and a Short% of Float of 13.92%.
Dividends & Splits
The forward annual dividend rate for VNO is 0.30, which was 0.68 in the trailing 12 months. The stock’s 5-year Average Dividend Yield is 6.05. The current Payout Ratio is 298.54% for VNO, which recently paid a dividend on Dec 27, 2023 with an ex-dividend date of Dec 14, 2023. Stock splits for the company last occurred on Jul 18, 2017 when the company split stock in a 1237:1000 ratio.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.07, while EPS last year was $0.01. The consensus estimate for the next quarter is -$0.01, with high estimates of -$0.01 and low estimates of -$0.01.
Analysts are recommending an EPS of between -$0.08 and -$0.12 for the fiscal current year, implying an average EPS of -$0.1. EPS for the following year is -$0.08, with 2 analysts recommending between -$0.04 and -$0.13.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $447.8M. It ranges from a high estimate of $450.84M to a low estimate of $442.59M. As of the current estimate, Vornado Realty Trust’s year-ago sales were $451.57M, an estimated decrease of -0.80% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $455.73M, an increase of 3.20% over than the figure of -$0.80% in the same quarter last year. There is a high estimate of $465.21M for the next quarter, whereas the lowest estimate is $441.62M.
A total of 5 analysts have provided revenue estimates for VNO’s current fiscal year. The highest revenue estimate was $1.84B, while the lowest revenue estimate was $1.76B, resulting in an average revenue estimate of $1.8B. In the same quarter a year ago, actual revenue was $1.81B, down -0.40% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1.87B in the next fiscal year. The high estimate is $1.97B and the low estimate is $1.73B. The average revenue growth estimate for next year is up 3.70% from the average revenue estimate for this year.
