Healthy Upside Potential: Vornado Realty Trust (VNO)

With 1.99 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.84 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $24.365 whereas the lowest price it dropped to was $23.62. The 52-week range on VNO shows that it touched its highest point at $32.21 and its lowest point at $14.46 during that stretch. It currently has a 1-year price target of $24.62. With its current market cap of 4.61 billion, VNO has annualized dividend of $0.30 while the current yield stands at 1.24%. Beta for the stock currently stands at 1.62.

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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 down-trending over the past week, with a drop of -1.22%, but this was up by 2.15% over a month. Three-month performance dropped to -7.49% while six-month performance fell -10.89%. The stock gained 54.96% in the past year, while it has lost -14.27% so far this year. A look at the trailing 12-month EPS for VNO yields 0.15 with Next year EPS estimates of -0.03. For the next quarter, that number is -0.05. This implies an EPS growth rate of -140.41% for this year and 71.78% 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 -35.42%.

Float and Shares Shorts:

At present, 190.39 million VNO shares are outstanding with a float of 166.14 million shares on hand for trading. On 2024-05-15, short shares totaled 18.31 million, which was 960.9999499999999 higher than short shares on 1713139200. In addition to Mr. Steven Roth as the firm’s Chairman of the Board & CEO, Mr. Michael J. Franco serves as its President & CFO.

Institutional Ownership:

Through their ownership of 0.91234 of VNO’s outstanding shares, institutional investors have minority control over the company.

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 2024-03-31, VNO reported revenue of $436375000.0 and operating income of $63595000.0. The EBITDA in the recently reported quarter was $200222000.0 and diluted EPS was -$0.05.

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.