Vornado Realty Trust (NYSE:VNO) shares, rose in value on Friday, April 05, with the stock price down by -0.29% to the previous day’s close as strong demand from buyers drove the stock to $27.25.
Actively observing the price movement in the recent trading, the stock is buoying the session at $27.33. The value of beta (5-year monthly) is 1.54 whereas the PE ratio is 122.69 over 12-month period. Referring to stock’s 52-week performance, its high was $32.21, and the low was $12.31. On the whole, VNO has fluctuated by 3.42% over the past month.
With the market capitalization of Vornado Realty Trust currently standing at about $5.19 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 06, 2024. The company’s Forward Dividend Ratio is 0.30, with its dividend yield at 1.10%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.07, which is expected to increase to -$0.01 for fiscal year -$0.1 and then to about -$0.08 by fiscal year 2025. Data indicates that the EPS growth is expected to be -137.00% in 2025, while the next year’s EPS growth is forecast to be 20.00%.
Analysts have estimated the company’s revenue for the quarter at $447.8 million, with a low estimate of $442.59 million and a high estimate of $450.84 million. According to the average forecast, sales growth in current quarter could jump down -0.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.81 billion, representing a decrease of -0.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VNO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 7.08, with the price of VNO currently trading nearly 1.64% and 2.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.98, while the 7-day volatility ratio is showing 3.98% which for the 30-day chart, stands at 3.98%. Furthermore, Vornado Realty Trust (VNO)’s beta value is 1.56, and its average true range (ATR) is 1.10.
A comparison of Vornado Realty Trust (VNO) with its peers suggests the former has fared considerably weaker in the market. VNO showed an intraday change of -0.29% in today’s session so far, and over the past year, it grew by 79.16%%.
Data on historical trading for Vornado Realty Trust (NYSE:VNO) indicates that the trading volumes over the past 10 days have averaged 1.93 million and over the past 3 months, they’ve averaged 2.19 million. According to company’s latest data on outstanding shares, there are 190.39 million shares outstanding.
Nearly 12.62% of Vornado Realty Trust’s shares belong to company insiders and institutional investors own 86.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.08 million shares as on Mar 15, 2024, resulting in a short ratio of 9.14. According to the data, the short interest in Vornado Realty Trust (VNO) stood at 10.02% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 19.22 million. The stock has fallen by -3.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VNO stock heading into the next quarter.
