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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/08/2024 10:55:00 EST
Vornado Realty Trust (VNO)
Industry: REIT - Office
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, VNO has been trading in a range between $26.29 and $23.76 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
VNO is trading between resistance at $27.36 about 4% to the upside and support at $26.18 -1% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $31.34, about a 19% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Vornado Realty Trust $VNO entered a Green zone 6 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $20.55, a potential down side of -20.13% from the recent price of 25.73. The stock is trading 25.18% (potential upside) below its 52 week high of $32.21 and 44.63 % (potential downside) above its 52 week low of $17.79 - based on the recent price.
Company Summary
Vornado is a fully integrated real estate investment trust ("REIT") with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.
News
| Three Office REITs To Sell With Weak Balance Sheets There will likely be a major sell-off in REITs in the next 2-5 years. Weak REITs with messy balance sheets, weak forecasts for FFO growth, unsafe dividends, and/or overvaluation are likely to suffer the most damage in any downturn. This article focuses on three specific REITs that may be particularly vulnerable in a downturn. Source: Seeking Alpha Thu, 27 Jun 2024 08:00:00 -0400 Sentiment: Negative |
| Grand Opening: Vornado Realty Trust and Local Officials Cut the Ribbon on Plaza33, a Dynamic New Public Space in the Heart of THE PENN DISTRICT The newly completed Plaza33 is a pedestrian park filled with greenery, seating and lined with authentic New York restaurants, all atop New York's most accessible transit hub Source: GlobeNewsWire Mon, 24 Jun 2024 12:08:00 -0400 Sentiment: Neutral |
| Bear of the Day: Vornado Realty Trust (VNO) Vornado Realty Trust ( VNO ) reported first-quarter results that continued to underwhelm Wall Street analysts and propelled them to lower estimates yet again to consensus figures representing a 2% decline in the topline and a 19% annual drop in the bottom line. Funds from operations (FFO), plus assumed conversions as adjusted per share, of 55 cents missed the Zacks Consensus Estimate of 58 cents. Source: Zacks Investment Research Mon, 24 Jun 2024 07:20:37 -0400 Sentiment: Negative |
| Vornado's (VNO) Retail JV Boosts Strength With $400M Refinancing Vornado's (VNO) $400-million refinancing of 640 Fifth Avenue will offer greater financial flexibility. Source: Zacks Investment Research Tue, 11 Jun 2024 14:01:17 -0400 Sentiment: Positive |
| Vornado's Retail JV Completes $400 Million Refinancing of 640 Fifth Avenue NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has completed a $400 million refinancing of 640 Fifth Avenue, a 315,000 square foot Manhattan office and retail property. The interest only, non–recourse loan carries a fixed rate of 7.47% and matures in July 2029. Source: GlobeNewsWire Mon, 10 Jun 2024 16:45:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 32.21 52 Week Low: 18.1714 Beta: 1.621 50 Day MA: 25.0414 200 Day MA: 25.237 Earnings / Revenue Trends Qtr Earnings Growth YOY: 5.893 Qtr Revenue Growth YOY: -0.021 Forward PE: 1000 Trailing PE: 171.5333