VNO Stock Summary and Trading Ideas (Vornado Realty Trust | NYSE:VNO)

Vornado owns and has an ownership interest in Class A office and retail properties highly concentrated in Manhattan, with additional properties in San Francisco and Chicago. It operates as a real estate investment trust.

Vornado Realty Trust trades on the NYSE stock market under the symbol VNO.

As of April 18, 2024, VNO stock price climbed to $25.88 with 505,053 million shares trading.

VNO has a beta of 2.37, meaning it tends to be more sensitive to market movements. VNO has a correlation of 0.27 to the broad based SPY ETF.

VNO has a market cap of $4.95 billion. This is considered a Mid Cap stock.

Last quarter Vornado Realty Trust reported $442 million in Revenue and $.63 earnings per share. This fell short of revenue expectation by $-13 million and exceeded earnings estimates by $.03.

In the last 3 years, VNO stock traded as high as $50.91 and as low as $12.31.

The top ETF exchange traded funds that VNO belongs to (by Net Assets): VNQ, VTI, IJH, VB, VBR.

VNO has outperformed the market in the last year with a return of +70.9%, while the SPY ETF gained +22.3%. However, in the most recent history, VNO shares have underperformed the stock market with its stock returning 0.0% in the last 3 month period and -7.0% for the last 2 week period, while SPY has returned +6.1% and -3.9%, respectively.

VNO support price is $24.76 and resistance is $26.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VNO stock will trade within this expected range on the day.