Will Vornado Realty Trust (VNO) Short Squeeze Soon?

January 17, 2018 - By marketbeat

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.08, from 0.97 in 2017Q2. It improved, as 52 investors sold Vornado Realty Trust shares while 118 reduced holdings. 39 funds opened positions while 139 raised stakes. 160.36 million shares or 0.00% less from 160.36 million shares in 2017Q2 were reported.
Sumitomo Mitsui Trust invested 0.07% of its portfolio in Vornado Realty Trust (NYSE:VNO). Chilton Cap Mngmt Limited Company reported 1.51% in Vornado Realty Trust (NYSE:VNO). Apg Asset Mgmt Nv holds 42,324 shares. Cleararc Capital Inc accumulated 4,448 shares or 0.05% of the stock. Shufro Rose & Limited reported 0.11% of its portfolio in Vornado Realty Trust (NYSE:VNO). Nomura holds 0% or 8,737 shares. Lpl Financial Limited Company reported 3,686 shares or 0% of all its holdings. The Colorado-based Employees Retirement Association Of Colorado has invested 0.02% in Vornado Realty Trust (NYSE:VNO). Proshare Advsr Ltd reported 78,194 shares. Fifth Third Comml Bank has invested 0.01% in Vornado Realty Trust (NYSE:VNO). Highbridge Mgmt Ltd Liability Corp stated it has 0.14% of its portfolio in Vornado Realty Trust (NYSE:VNO). Profund Limited Company holds 11,138 shares. Mackenzie Finance holds 6,001 shares or 0% of its portfolio. Vantage Advsr Ltd Co has 150 shares for 0% of their portfolio. Aperio Group Inc Limited Liability Co reported 54,305 shares.

The stock of Vornado Realty Trust (NYSE:VNO) hit a new 52-week low and has $67.34 target or 5.00 % below today’s $70.88 share price. The 6 months bearish chart indicates high risk for the $14.35 billion company. The 1-year low was reported on Jan, 17 by Barchart.com. If the $67.34 price target is reached, the company will be worth $717.40M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.46% or $0.33 during the last trading session, reaching $70.88. About 539,546 shares traded. Vornado Realty Trust (NYSE:VNO) has risen 1.51% since January 17, 2017 and is uptrending. It has underperformed by 15.19% the S&P500.

Analysts await Vornado Realty Trust (NYSE:VNO) to report earnings on February, 12. They expect $0.97 EPS, down 14.16 % or $0.16 from last year’s $1.13 per share. VNO’s profit will be $196.35 million for 18.27 P/E if the $0.97 EPS becomes a reality. After $0.52 actual EPS reported by Vornado Realty Trust for the previous quarter, Wall Street now forecasts 86.54 % EPS growth.

Vornado Realty Trust (NYSE:VNO) Ratings Coverage

Among 12 analysts covering Vornado Realty Trust (NYSE:VNO), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Vornado Realty Trust had 26 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Wednesday, July 19 by Citigroup. The stock has “Neutral” rating by JP Morgan on Friday, December 15. The stock of Vornado Realty Trust (NYSE:VNO) earned “Overweight” rating by Morgan Stanley on Tuesday, October 10. TheStreet upgraded the stock to “Hold” rating in Wednesday, August 5 report. The stock of Vornado Realty Trust (NYSE:VNO) has “Buy” rating given on Thursday, August 24 by Argus Research. The firm has “Hold” rating given on Wednesday, August 30 by Stifel Nicolaus. The rating was maintained by Barclays Capital on Tuesday, October 20 with “Overweight”. The stock of Vornado Realty Trust (NYSE:VNO) earned “Overweight” rating by Barclays Capital on Friday, September 4. The firm has “Buy” rating by Evercore given on Monday, May 16. Evercore downgraded the shares of VNO in report on Monday, December 4 to “In-Line” rating.

More notable recent Vornado Realty Trust (NYSE:VNO) news were published by: Therealdeal.com which released: “Construction worker fatally struck by metal at Vornado and Aurora’s 61 Ninth …” on December 18, 2017, also Seekingalpha.com with their article: “Vornado Realty Trust: This 5.25% Preferred Stock Started Trading On The NYSE” published on December 18, 2017, Therealdeal.com published: “Vornado scores $100M loan to refinance LIC office building” on January 11, 2018. More interesting news about Vornado Realty Trust (NYSE:VNO) were released by: Reuters.com and their article: “BRIEF-Vornado Realty Trust Says Unit Issued And Sold $450 Million Aggregate …” published on December 28, 2017 as well as Therealdeal.com‘s news article titled: “Vornado is selling the Marquand’s retail condo to Ralph Sitt” with publication date: January 16, 2018.

Vornado Realty Trust is a preeminent owner, manager and developer of office and retail assets. The company has market cap of $14.35 billion. Vornado's portfolio is concentrated in the nation's key market ?? New York City ?? along with the premier asset in both Chicago and San Francisco. It has a 17.21 P/E ratio. Vornado is also the real estate industry leader in sustainability policy.

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