Evercore ISI has recently raised Vornado Realty Trust (VNO) stock to Outperform rating, as announced on August 20, 2024, according to Finviz. Earlier, on August 8, 2024, Piper Sandler had raised the stock from a Underweight to Neutral, setting a price target of $30 for VNO stock. BMO Capital Markets also raised Outperform rating with a price target of $40. Additionally, Morgan Stanley raised rating on March 28, 2024, with a target price of $26. Barclays analysts, in their report published on March 27, 2024, also initiated Underweight rating for Vornado Realty Trust’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Vornado Realty Trust (VNO) Stock Trading Recap
On Wednesday, Vornado Realty Trust (VNO) stock saw a decline, ending the day at $42.52 which represents a decrease of $-0.27 or -0.63% from the prior close of $42.79. The stock opened at $43.03 and touched a low of $42.51 during the day, reaching a high of $44. The volume of shares traded was 1.62 million falling short of the average volume of 2.11 million.
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VNO Stock Performance and Moving Averages
In recent trading, Vornado Realty Trust (VNO) stock price has shown some volatility, fluctuating -0.82% over the last five trades and 8.22% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 66.22%, and it has gained 45.07% in the previous three months. Currently, VNO is trading at 2.63%, 11.01%, and 43.43% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, VNO, a Real Estate sector stock, is trading -3.47% below its 52-week high but remains 131.59% above its 52-week low. The Average True Range (ATR) (14 days) of 1.08 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Vornado Realty Trust’s Profitability and Valuation Ratios
Vornado Realty Trust’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 11.62% and a profit margin of 1.01%, with a gross margin of 66.22%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Vornado Realty Trust’s market capitalization stands at $8.83 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 477.22, assessing the company’s valuation relative to its earnings. Additionally, the Price-to-Sales Ratio is 4.96, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.82, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 12.78% of Vornado Realty Trust (VNO)’s shares, while financial institutions hold 85.79%.
Notable insider trades include Fascitelli Michael D, Director at Vornado Realty Trust (VNO), who sold 337055 shares on Dec 22 ’23, at $29.54 each, totaling $9.96 million. On Dec 21 ’23, Fascitelli Michael D, Director, sold 262945 shares for $29.54 each, amounting to $7.77 million. Additionally, on Dec 13 ’23, WIGHT RUSSELL B JR sold 23000 shares at $28.72 each, generating $0.66 million.
