Vornado Realty Trust (NYSE: VNO) Emerges As Guiding Light For Investors

Vornado Realty Trust (NYSE:VNO) currently has a daily average trading volume of 1.68M but it saw 1350614 shares traded in last market. With a market cap of 9.09B USD, the company’s current market price of $43.77 came rising about 2.27 while comparing to the previous closing price of $42.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $46.63 and as low as $22.42. In the recent trading on the day, stock has struck highest price mark of $42.94 while lowest mark touched by it was $43.91.

Taking a look at 20-day trading activity of Vornado Realty Trust (VNO) gives us an average price of $42.78, while its current price level is -6.13% below from 52-week high level whereas it is 95.23% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $41.72 while that of 200 days or SMA-200 reads an average of $31.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.61% during that period while stretching the period over a month that increases to 3.42%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.57 which implies that the stock is in neutral territory.

Piper Sandler upgraded its recommendation for the stock as a “Neutral” from “Underweight” on August 08, 2024 while assigning a price target range of $22-$30. BMO Capital Markets also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $29 and $40.

Over the week, VNO’s stock price is moving -0.50% down while it is 4.41% when we observe its performance for the past one month. Year-to-date it is 54.94% up and over the past year, the stock is showing an upside performance of 57.67%.

Currently, Vornado Realty Trust’s total number of outstanding shares is 190.65M. Company’s return on investment (ROI) stands at -0.38% and return on equity (ROE) at 0.15%. Stock’s beta reads 1.62. Stock has a price to book (P/B) ratio of 2.04 while price to sale or P/S ratio amounts to 5.13. Its return on asset (ROA) is 0.05% on average.