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Vornado Realty Trust (VNO) Stock Price, News & Analysis

$38.88
+1.28 (+3.40%)
(As of 09/18/2024 ET)

About Vornado Realty Trust Stock (NYSE:VNO)

Key Stats

Today's Range
$37.80
$39.91
50-Day Range
$27.28
$38.88
52-Week Range
$18.36
$39.91
Volume
3.15 million shs
Average Volume
2.09 million shs
Market Capitalization
$7.41 billion
P/E Ratio
259.22
Dividend Yield
0.77%
Price Target
$30.43
Consensus Rating
Reduce

Company Overview

Vornado is a fully integrated real estate investment trust (REIT) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.

Vornado Realty Trust Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 60th Percentile

Vornado Realty Trust scored higher than 60% of companies evaluated by MarketBeat, and ranked 515th out of 928 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Vornado Realty Trust has received a consensus rating of Reduce. The company's average rating score is 1.91, and is based on 2 buy ratings, 6 hold ratings, and 3 sell ratings.

  • Amount of Analyst Coverage

    Vornado Realty Trust has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Vornado Realty Trust's stock forecast and price target.
  • Earnings Growth

    Earnings for Vornado Realty Trust are expected to decrease by -1.84% in the coming year, from $2.17 to $2.13 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Vornado Realty Trust is 259.22, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 134.08.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Vornado Realty Trust is 259.22, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 48.29.

  • Price to Book Value per Share Ratio

    Vornado Realty Trust has a P/B Ratio of 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Vornado Realty Trust's valuation and earnings.
  • Percentage of Shares Shorted

    9.15% of the float of Vornado Realty Trust has been sold short.
  • Short Interest Ratio / Days to Cover

    Vornado Realty Trust has a short interest ratio ("days to cover") of 7.4.
  • Change versus previous month

    Short interest in Vornado Realty Trust has recently decreased by 7.71%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Vornado Realty Trust has a dividend yield of 0.80%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Vornado Realty Trust does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Vornado Realty Trust is 200.01%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Vornado Realty Trust will have a dividend payout ratio of 14.08% next year. This indicates that Vornado Realty Trust will be able to sustain or increase its dividend.

  • Read more about Vornado Realty Trust's dividend.
  • Percentage of Shares Shorted

    9.15% of the float of Vornado Realty Trust has been sold short.
  • Short Interest Ratio / Days to Cover

    Vornado Realty Trust has a short interest ratio ("days to cover") of 7.4.
  • Change versus previous month

    Short interest in Vornado Realty Trust has recently decreased by 7.71%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Vornado Realty Trust has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 20 news articles for Vornado Realty Trust this week, compared to 5 articles on an average week.
  • Search Interest

    Only 6 people have searched for VNO on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Vornado Realty Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Vornado Realty Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $56,380.00 in company stock.

  • Percentage Held by Insiders

    Only 8.14% of the stock of Vornado Realty Trust is held by insiders.

  • Percentage Held by Institutions

    90.02% of the stock of Vornado Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Vornado Realty Trust's insider trading history.
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VNO Stock News Headlines

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VNO Stock Analysis - Frequently Asked Questions

Vornado Realty Trust's stock was trading at $28.25 at the beginning of 2024. Since then, VNO shares have increased by 37.6% and is now trading at $38.88.
View the best growth stocks for 2024 here
.

Vornado Realty Trust (NYSE:VNO) issued its quarterly earnings results on Monday, August, 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by $0.37. The company's revenue was down 4.7% on a year-over-year basis.
Read the conference call transcript
.

Vornado Realty Trust's Board of Directors initiated a stock buyback program on Wednesday, April 26th 2023, which permits the company to buy back $200,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Vornado Realty Trust's top institutional investors include Earnest Partners LLC (1.35%), Dimensional Fund Advisors LP (1.31%), Duff & Phelps Investment Management Co. (1.04%) and First Pacific Advisors LP (1.01%). Insiders that own company stock include Michael D Fascitelli and Russell B Wight Jr.
View institutional ownership trends
.

Shares of VNO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Vornado Realty Trust investors own include Hawkins (HWKN), AT&T (T), Intel (INTC), UnitedHealth Group (UNH), Simon Property Group (SPG), Johnson & Johnson (JNJ) and Pfizer (PFE).

Company Calendar

Last Earnings
8/05/2024
Today
9/18/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Diversified REITs
CUSIP
92904210
Employees
2,935
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.43
High Stock Price Target
$40.00
Low Stock Price Target
$18.00
Potential Upside/Downside
-21.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.91
Research Coverage
11 Analysts

Profitability

Net Income
$105.49 million
Pretax Margin
1.40%

Debt

Sales & Book Value

Annual Sales
$1.81 billion
Cash Flow
$3.14 per share
Book Value
$23.76 per share

Miscellaneous

Free Float
174,978,000
Market Cap
$7.41 billion
Optionable
Optionable
Beta
1.65

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This page (NYSE:VNO) was last updated on 9/18/2024 by MarketBeat.com Staff
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