A Guide To The Risks Of Investing In Vornado Realty Trust (VNO)


In a filing, Vornado Realty Trust revealed its Director WIGHT RUSSELL B JR acquired Company’s shares for reported $22400.0 on May 26. In the deal valued at $11.20 per share,2,000 shares were bought. As a result of this transaction, WIGHT RUSSELL B JR now holds 9,673 shares worth roughly $ 0.21 million.

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Then, WIGHT RUSSELL B JR bought 5,341 shares, generating $60,352 in total proceeds. Upon buying the shares at $11.30, the Director now owns 12,000 shares.

Before that, WIGHT RUSSELL B JR bought 2,000 shares. Vornado Realty Trust shares valued at $23,030 were divested by the Director at a price of $11.52 per share. As a result of the transaction, WIGHT RUSSELL B JR now holds 7,000 shares, worth roughly $0.15 million.

Piper Sandler downgraded its Vornado Realty Trust [VNO] rating to an Underweight from a a Neutral in a research note published on Friday, April 27, 2023; the price target was decreased to $11 from $16. PT values the company’s stock at a premium of -100.18 to its Friday closing price.

Price Performance Review of VNO

On Friday, Vornado Realty Trust [NYSE:VNO] saw its stock fall -0.23% to $22.02. On the same session, the stock had its day’s lowest price of $21.77, but rose to a high of $22.505. Over the last five days, the stock has gained 4.36%. Vornado Realty Trust shares have risen nearly 5.81% since the year began. Nevertheless, the stocks have fallen -20.71% over the past one year. While a 52-week high of $28.50 was reached on 02/02/23, a 52-week low of $12.31 was recorded on 05/17/23. SMA at 50 days reached $19.90, while 200 days put it at $19.19. A total of 2.04 million shares were traded, compared to the trading of 2.3 million shares in the previous session.

Levels Of Support And Resistance For VNO Stock

The 24-hour chart illustrates a support level at 21.69, which if violated will result in even more drops to 21.36. On the upside, there is a resistance level at 22.43. A further resistance level may holdings at 22.83. The Relative Strength Index (RSI) on the 14-day chart is 57.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.54%. Stochastics %K at 48.19% indicates the stock is a holding.

How much short interest is there in Vornado Realty Trust?

A steep rise in short interest was recorded in Vornado Realty Trust stocks on Aug 14, 2023, dropping by 10000.0 shares to a total of 20.95 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 20.96 million shares. There was a decline of -0.05%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 16.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.87.

Vornado Realty Trust [VNO] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 23,954,879 shares, or roughly 12.48% of the outstanding VNO shares. In other words, the investor’s shares have fallen by -558,749 from its previous 13-F filing of 24513628.0. Over the last quarter, Putnam Investment Management LLC purchased 32,427 shares of Vornado Realty Trust, while SSgA Funds Management, Inc. bought -10,772 shares. At present, T. Rowe Price Associates, Inc. is holding 5,804,436 shares valued at $130.48 million. Geode Capital Management LLC owned 2,820,919 shares of the company at the time of its most recent 13F filing, worth $63.41 million.

According to FactSet, Vornado Realty Trust’s share price will average $18.09 in the next year, based on opinions of analysts polled by the firm. This is down nearly -22.97 percent from its previous closing price of $22.07. Analysts expect Vornado Realty Trust stock to reach the higher price of $25.00, while the lowest price estimate is $12.00. However, 12 analysts have rated VNO stock as an Underweight in their predictions for 2023.


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