Stocks of Vornado Realty Trust (NYSE:VNO) traded higher last session on Wall Street, down -1.65% to $33.97.
VNO stock price is now 19.92% away from the 50-day moving average and 27.64% away from the 200-day moving average. The market capitalization of the company currently stands at $6.47B.
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On August 08, 2024, Piper Sandler Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock increasing its target price from $22 to quote $30, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, WIGHT RUSSELL B JR, Director sold 2,000 shares of the company’s stock on Jul 11 ’24. The stock was sold for $56,387 at an average price of $28.19. Upon completion of the transaction, the Director now directly owns 3,034 shares in the company, valued at $0.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 22 ’23, Director Fascitelli Michael D sold 337,055 shares of the business’s stock. A total of $9,956,982 was realized by selling the stock at an average price of $29.54. This leaves the insider owning 969,491 shares of the company worth $32.93 million. A total of 12.78% of the company’s stock is owned by insiders.
During the past 12 months, Vornado Realty Trust has had a low of $18.36 and a high of $34.67. According to the stock market information, the enterprise value for the company is $16436905984, which is based on a 381.26 price-to-earnings ratio, a 22.00 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for VNO is $28.5304 and a two-hundred day moving average price translates $26.66765 for the stock.
The latest earnings results from Vornado Realty Trust (NYSE: VNO) was released for 2024-06-30. The net profit margin was 1.01% and return on equity was 1.41% for VNO. The company reported revenue of $450.27 million for the quarter, compared to $472.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.68 percent.
