Vornado Realty Trust (NYSE: VNO) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that 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

Vornado Realty Trust is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Office industry. The current market capitalization of Vornado Realty Trust is $5.71B. A total of 4.31 million shares were traded on the day, compared to an average of 2.24M 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

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Vornado Realty Trust pays an annual dividend of $0.30, resulting in a dividend yield of 1.00%, and it has a price to earnings (P/E) ratio of 134.98. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 2.08.

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