Vornado Realty Trust (VNO.PRL) Price

The P/E ratio of Vornado Realty Trust is 112.4081

Mr. Steven Roth is the Chairman of the Board of the Trustees of Vornado Realty Trust, joining the firm since 1989.

The current price of VNO.PRL is $18.97, it has decreased 0% in the last trading day.

Vornado Realty Trust belongs to Real Estate industry and the sector is Real Estate

Vornado Realty Trust's current market cap is $3.6B

According to wall street analysts, 16 analysts have made analyst ratings for Vornado Realty Trust, including 0 strong buy, 3 buy, 8 hold, 8 sell, and 0 strong sell

Looks like someone's watching the REITs. Vornado is basically taking a breather today after a nice little pump. The real question is whether this is a dip to buy or the start of a fade.

Vornado Realty Trust ($VNO) is pulling back today, down about 1.65%, likely due to profit-taking after a significant run-up last week. The primary catalyst for that surge was an upgrade from Citigroup on Friday, which shifted their rating from "Sell" to "Neutral" and boosted their price target. Now, the stock is hitting some technical resistance, and short-term indicators are suggesting momentum is cooling off.

Here’s the breakdown of what’s driving the price action:

• The Main Catalyst (The Pump): On Friday, September 12th, Citigroup upgraded VNO from a "Sell" to a "Neutral" rating and raised their price target from $34 to $42. The market loves an upgrade, and the stock rallied hard on this news, pushing it toward today's high of $43.37.
• Today's Move (Profit-Taking): After a sharp move up, a pullback is pretty standard. Traders who rode the wave from the upgrade are likely cashing in. The stock is currently trading around $42.26, which is above the new price target from Citi but below the recent peak.
• The Technical Picture:
  • Short-Term (Hourly): The hourly chart is flashing some warning signs. We're seeing a bearish MACD crossover, where the MACD line has dipped below its signal line, and the RSI has cooled from overbought levels above 70 down to a more neutral 57.6. This signals that the immediate buying pressure is fading.
  • Key Levels (Daily): On the daily chart, VNO is caught between a support level around $41.50 and a resistance level at $45.37. Today's drop is testing the upper boundary of this range. A break below $41.50 could signal more downside. The overall daily technical signal is "Neutral," reflecting this indecision.
• Conflicting Sentiment:
  • The Bulls: The bull case rests on the broader "return-to-office" trend, which could benefit major office REITs. Vornado also made a strategic move by acquiring and planning to redevelop 623 Fifth Avenue, showing long-term ambition.
  • The Bears: Despite the recent upgrade, the overall analyst consensus remains a "SELL," with a mean price target of $39.86—below the current price. Furthermore, an insider sold 30,000 shares on September 4th, which is never a great look, even if it was before the upgrade pump.

This looks like a classic case of the market reacting to an analyst upgrade and now finding its footing. The short-term momentum is bearish, so watch that $41.50 support level closely.

Congrats on catching the move, but don't be the one left holding the bag if this is just a relief bounce in a longer-term downtrend. Keep your stops tight, fren.