While Vornado Realty Trust has underperformed by -1.02%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VNO rose by 80.65%, with highs and lows ranging from $46.63 to $21.16, whereas the simple moving average jumped by 36.59% in the last 200 days.
On August 20, 2024, Evercore ISI Upgraded Vornado Realty Trust (NYSE: VNO) to Outperform. A report published by Piper Sandler on August 08, 2024, Upgraded its rating to ‘Neutral’ for VNO. BMO Capital Markets also Upgraded VNO shares as ‘Outperform’, setting a target price of $40 on the company’s shares in a report dated August 08, 2024. Morgan Stanley March 28, 2024d the rating to Equal-Weight on March 28, 2024, and set its price target from $24 to $26. Barclays initiated its ‘Underweight’ rating for VNO, as published in its report on March 27, 2024. BMO Capital Markets’s report from December 15, 2023 suggests a price prediction of $31 for VNO shares, giving the stock a ‘Market Perform’ rating. Evercore ISI also rated the stock as ‘Underperform’.
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Analysis of Vornado Realty Trust (VNO)
The current dividend for VNO investors is set at $0.30 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -1.72%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Vornado Realty Trust’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 0.15% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and VNO is recording an average volume of 1.94M. On a monthly basis, the volatility of the stock is set at 3.29%, whereas on a weekly basis, it is put at 3.87%, with a loss of -6.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $36.67, showing decline from the present price of $41.64, which can serve as yet another indication of whether VNO is worth investing in or should be passed over.
How Do You Analyze Vornado Realty Trust Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 12.78%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 87.23% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
VNO shares are owned by institutional investors to the tune of 87.23% at present.
