Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vornado Realty Trust shares valued at $4,998,913 were sold by Fascitelli Michael D on Apr 13. At $41.97 per share, Fascitelli Michael D sold 119,100 shares. The insider’s holdings dropped to 1,100,451 shares worth approximately $27.51 million following the completion of this transaction.
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As published in a research note from BMO Capital Markets on May 31, 2022, Vornado Realty Trust [VNO] has been rated down from an Outperform to a Market perform and the price target has been revised to $40 from $52. This represents a 37.5% premium over Thursday’s closing price. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early May. As of April 22, 2022, Mizuho has initiated its “an Underperform” rating for VNO. Earlier on September 24, 2021, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for VNO stock which previously was a “an Underperform”.
Analyzing VNO’s Price Performance
On Thursday, Vornado Realty Trust [NYSE: VNO] plunged -0.64% to $25.00. The stock’s lowest price that day was $24.59, but it reached a high of $25.18 in the same session. During the last five days, there has been a drop of approximately -4.91%. Over the course of the year, Vornado Realty Trust shares have dropped approximately -40.28%. Shares of the company reached a 52-week high of $47.26 on 03/11/22 and a 52-week low of $24.59 on 09/22/22. A 50-day SMA is recorded $28.17, while a 200-day SMA reached $36.60. Nevertheless, trading volume fell to 3.33 million shares from 1.62 million shares the previous day.
Support And Resistance Levels for Vornado Realty Trust (VNO)
According to the 24-hour chart, there is a support level at 24.67, which, if violated, would cause prices to drop to 24.33. In the upper region, resistance lies at 25.26. The next price resistance is at 25.51. RSI (Relative Strength Index) is 34.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.17, which suggests the price will decrease in the coming days. Percent R is at 89.51%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Vornado Realty Trust subject to short interest?
Stocks of Vornado Realty Trust saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.2 million shares to 15.13 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 13.93 million shares. A jump of 7.93% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.82 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.82.
Which companies own the most shares of Vornado Realty Trust (VNO)?
According to The Vanguard Group, Inc. filings, the company currently owns 26,269,621 shares, which is about 13.70% of the total VNO shares outstanding. The investor’s shares have plunged by -105,631 from its previous 13-F filing of 26375252.0 shares. SSgA Funds Management, Inc. acquire a 3.28% interest valued at $366.35 million while BlackRock Fund Advisors purchased a 255,571 stake. A total of 776,822 shares of Vornado Realty Trust were bought by Franklin Mutual Advisers LLC during the quarter, and 891,435 were bought by T. Rowe Price Associates, Inc.. In its current portfolio, Geode Capital Management LLC holds 3,537,457 shares valued at $92.75 million.
In terms of Vornado Realty Trust share price expectations, FactSet research, analysts set an average price target of $30.45 in the next 12 months, up nearly 31.16% from the previous closing price of $25.16. Analysts anticipate Vornado Realty Trust stock to reach $35.00 by 2022, with the lowest price target being $20.00. In spite of this, 14 analysts ranked Vornado Realty Trust stock as a Hold at the end of 2022. On May 25, 2021, Goldman assigned a price target of “a Sell” to the stock and resumed coverage with a $39.