There is no way Vornado Realty Trust (VNO) can keep these numbers up

Vornado Realty Trust (NYSE: VNO) stock fell -4.64% on Wednesday to $13.36 against a previous-day closing price of $14.01. With 2.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.52 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $14.02 whereas the lowest price it dropped to was $13.35. The 52-week range on VNO shows that it touched its highest point at $35.65 and its lowest point at $12.31 during that stretch. It currently has a 1-year price target of $16.08. With its current market cap of 2.57 billion, VNO has annualized dividend of $1.50 while the current yield stands at 11.23%. Beta for the stock currently stands at 1.35.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VNO was up-trending over the past week, with a rise of 2.53%, but this was down by -10.40% over a month. Three-month performance dropped to -36.14% while six-month performance fell -44.72%. The stock lost -60.66% in the past year, while it has lost -35.80% so far this year. A look at the trailing 12-month EPS for VNO yields -2.24 with Next year EPS estimates of -0.88. For the next quarter, that number is -0.01. This implies an EPS growth rate of -505.10% for this year and -6.00% for next year. EPS is expected to grow by 17.33% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -31.50%.

Float and Shares Shorts:

At present, 191.87 million VNO shares are outstanding with a float of 176.25 million shares on hand for trading. On Apr 27, 2023, short shares totaled 19.44 million, which was 10.13% higher than short shares on Mar 30, 2023. In addition to Mr. Steven Roth as the firm’s Chairman & CEO, Mr. Michael J. Franco serves as its Pres & CFO.

Institutional Ownership:

Through their ownership of 91.98% of VNO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.09% of VNO, in contrast to 31.11% held by mutual funds. Shares owned by individuals account for 10.38%. As the largest shareholder in VNO with 12.78% of the stake, The Vanguard Group, Inc. holds 24,513,628 shares worth 24,513,628. A second-largest stockholder of VNO, Norges Bank Investment Management, holds 18,082,373 shares, controlling over 9.42% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in VNO, holding 16,190,459 shares or 8.44% stake. With a 9.40% stake in VNO, the Government Pension Fund – Global is the largest stakeholder. A total of 18,042,011 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 3.74% of VNO stock, is the second-largest Mutual Fund holder. It holds 7,166,608 shares valued at 107.57 million. Putnam Large Cap Value Fund holds 3.05% of the stake in VNO, owning 5,858,296 shares worth 87.93 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, VNO reported revenue of $453.49M and operating income of $80.62M. The EBITDA in the recently reported quarter was $225.63M and diluted EPS was $0.26.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VNO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VNO analysts setting a high price target of $23.00 and a low target of $10.00, the average target price over the next 12 months is $16.08. Based on these targets, VNO could surge 72.16% to reach the target high and fall by -25.15% to reach the target low. Reaching the average price target will result in a growth of 20.36% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded VNO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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