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 $21.57 million following the completion of this transaction.
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As published in a research note from Mizuho on January 04, 2023, Vornado Realty Trust [VNO] has been rated up from an Underperform to a Neutral and the price target has been revised to $23 from $25. This represents a 14.78% premium over Thursday’s closing price. Analysts at Citigroup downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid December. As of November 22, 2022, Argus has decreased its “Buy” rating to a “Hold” for VNO. Earlier on May 31, 2022, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for VNO stock which previously was a “an Outperform”.
Analyzing VNO Stock Performance
On Thursday, Vornado Realty Trust [NYSE: VNO] rose 0.10% to $19.60. The stock’s lowest price that day was $19.148, but it reached a high of $19.72 in the same session. During the last five days, there has been a drop of approximately -6.31%. Over the course of the year, Vornado Realty Trust shares have dropped approximately -5.81%. Shares of the company reached a 52-week high of $26.76 on 02/02/23 and a 52-week low of $19.15 on 03/02/23. A 50-day SMA is recorded $22.19, while a 200-day SMA reached $25.82. Nevertheless, trading volume fell to 4.43 million shares from 2.49 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 19.26, which, if violated, would cause prices to drop to 18.92. In the upper region, resistance lies at 19.83. The next price resistance is at 20.06. RSI (Relative Strength Index) is 29.90 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.77, which suggests the price will decrease in the coming days. Percent R is at 90.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Vornado Realty Trust subject to short interest?
Stocks of Vornado Realty Trust saw a sharp steep in short interest on Jan 12, 2023 dropping by -0.4 million shares to 21.07 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 21.47 million shares. A decline of -1.9% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.4 of the overall float, the days-to-cover ratio (short ratio) decline to 3.4.
Which companies own the most shares of Vornado Realty Trust (VNO)?
According to The Vanguard Group, Inc. filings, the company currently owns 26,803,126 shares, which is about 13.97% of the total VNO shares outstanding. The investor’s shares have appreciated by 259,149 from its previous 13-F filing of 26543977.0 shares. SSgA Funds Management, Inc. reduced a -7.33% interest valued at $333.37 million while BlackRock Fund Advisors sold a -122,571 stake. A total of 2,824,394 shares of Vornado Realty Trust were sold by Invesco Capital Management LLC during the quarter, and 9,150,636 were bought by Putnam Investment Management LLC. In its current portfolio, T. Rowe Price Associates, Inc. holds 4,809,659 shares valued at $117.31 million.
In terms of Vornado Realty Trust share price expectations, FactSet research, analysts set an average price target of $22.64 in the next 12 months, up nearly 12.36% from the previous closing price of $19.58. Analysts anticipate Vornado Realty Trust stock to reach $28.00 by 2023, with the lowest price target being $18.00. In spite of this, 14 analysts ranked Vornado Realty Trust stock as a Hold at the end of 2023. On May 04, 2022, Piper Sandler assigned a price target of “an Underweight” to the stock and downgraded coverage with a $35.