Vornado Realty Trust [VNO] is -47.42% lower this YTD. Is it still time to buy?

Vornado Realty Trust [NYSE: VNO] traded at a low on 12/06/22, posting a -3.89 loss after which it closed the day’ session at $22.01. The company report on November 16, 2022 that Vornado Continues its Leadership in ESG Earning Top GRESB Ratings and Receiving NAREIT’s Leader in the Light Award.

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Vornado Realty Trust (NYSE:VNO) announced today it has received the following awards reflecting its continued industry-leading commitment to environmental, social, and governance (ESG) practices:.

Global “Sector Leader” for Diversified Office/Retail REITs in the Global Real Estate Sustainability Benchmark (GRESB), ranking #1 in the USA amongst peers. Overall, Vornado placed third among 112 responding Listed companies within the Americas.

The results of the trading session contributed to over 4030380 shares changing hands. Over the past one week, the price volatility of Vornado Realty Trust stands at 4.02% while the volatility over the past one month is 3.56%.

The market cap for VNO stock reached $4.30 billion, with 191.79 million shares outstanding and 176.21 million shares in the current float. Compared to the average trading volume of 3.25M shares, VNO reached a trading volume of 4030380 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Vornado Realty Trust [VNO]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VNO shares is $25.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VNO stock is a recommendation set at 3.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Argus have made an estimate for Vornado Realty Trust shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 22, 2022. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $52 to $40. The new note on the price target was released on May 31, 2022, representing the official price target for Vornado Realty Trust stock. Previously, the target price had yet another drop from $44 to $35, while Piper Sandler kept a Underweight rating on VNO stock.

The Average True Range (ATR) for Vornado Realty Trust is set at 0.95, with the Price to Sales ratio for VNO stock in the period of the last 12 months amounting to 2.42. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 4.33. Price to Free Cash Flow for VNO in the course of the last twelve months was 14.75.

How has VNO stock performed recently?

Vornado Realty Trust [VNO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.04. With this latest performance, VNO shares dropped by -4.84% in over the last four-week period, additionally sinking by -34.77% over the last 6 months – not to mention a drop of -47.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VNO stock in for the last two-week period is set at 35.60, with the RSI for the last a single of trading hit 27.36, and the three-weeks RSI is set at 39.64 for Vornado Realty Trust [VNO]. The present Moving Average for the last 50 days of trading for this stock 23.34, while it was recorded at 23.86 for the last single week of trading, and 31.63 for the last 200 days.

Vornado Realty Trust [VNO]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Vornado Realty Trust [VNO] shares currently have an operating margin of +15.00 and a Gross Margin at +23.88. Vornado Realty Trust’s Net Margin is presently recorded at +11.07.

Return on Equity for this stock inclined to 2.76, with Return on Assets sitting at 1.05.

Earnings analysis for Vornado Realty Trust [VNO]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VNO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Vornado Realty Trust go to 17.33%.

Insider trade positions for Vornado Realty Trust [VNO]

There are presently around $3,639 million, or 87.20% of VNO stock, in the hands of institutional investors. The top three institutional holders of VNO stocks are: VANGUARD GROUP INC with ownership of 27,358,232, which is approximately 1.042% of the company’s market cap and around 8.10% of the total institutional ownership; NORGES BANK, holding 18,082,373 shares of the stock with an approximate value of $397.99 million in VNO stocks shares; and BLACKROCK INC., currently with $372.19 million in VNO stock with ownership of nearly 3.304% of the company’s market capitalization.

Positions in Vornado Realty Trust stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 182 institutional holders increased their position in Vornado Realty Trust [NYSE:VNO] by around 13,809,004 shares. Additionally, 163 investors decreased positions by around 9,938,940 shares, while 58 investors held positions by with 141,607,867 shares. The mentioned changes placed institutional holdings at 165,355,811 shares, according to the latest SEC report filing. VNO stock had 43 new institutional investments in for a total of 3,419,895 shares, while 43 institutional investors sold positions of 3,563,393 shares during the same period.


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