An Evaluation Of Vornado Realty Trust (NYSE: VNO) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Vornado Realty Trust Announces Famed Avra Group Will Open a New 20,000 SF Restaurant in THE PENN DISTRICT.

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Stocks Info

VNO belongs to the Real Estate sector of the NYSE while operating in the REIT – Office industry. The current market capitalization of Vornado Realty Trust is $4.95B. A total of 1.46 million shares were traded on the day, compared to an average of 2.40M shares.

In the most recent transaction, Fascitelli Michael D sold 337,055 shares of VNO for 29.54 per share on Dec 22 ’23. After the transaction, the Director now owns 969,491 company shares. In a previous transaction on Dec 21 ’23, Fascitelli Michael D sold 262,945 shares at 29.54 per share. VNO shares that Director owns now total 1,306,546.

Among the insiders who sold shares, WIGHT RUSSELL B JR disposed of 7,000 shares on Dec 14 ’23 at a per-share price of $30.96. This resulted in the Director holding 2,300,579 shares of VNO after the transaction. In another insider transaction, WIGHT RUSSELL B JR sold 23,000 shares at $28.72 per share on Dec 13 ’23. Company shares held by the Director now total 2,307,579.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Vornado Realty Trust pays an annual dividend of $0.30, resulting in a dividend yield of 1.15%, and it has a price to earnings (P/E) ratio of 117.10. VNO’s most recent ex-dividend date was 12/14/2023 when it declared a $0.30 quarterly dividend that was paid in cash on 12/27/2023. Previously, the company paid the dividend on 2/10/2023 with an ex-dividend date of 1/27/2023. The VNO stock dividend was $0.3750 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, VNO has a high of $32.21 and a low of $12.31.

As of this writing, VNO has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.07. The company reported an EPS of $0.07 in the last quarter, which was -12.50% lower than expectations of $0.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. VNO’s latest balance sheet shows that the firm has $1.76B in Cash & Short Term Investments as of fiscal 2021. There were $8.99B in debt and $1.24B in liabilities at the time. Its Book Value Per Share was $22.72, while its Total Shareholder’s Equity was $7.20B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VNO is Buy with a score of 2.00.

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