Large Inflow of Money Detected in Vornado Realty Trust

Vornado Realty Trust (VNO) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $30.01 million worth of transactions were on upticks, whereas, the downticks accounted for $21.91 million worth of transactions. The net money flow was a positive $8.1 million and the uptick to downtick ratio was 1.37. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 2.11 in their favor. The net money flow into the stock was $10.08 million. The value of block trades done on downticks was only $9.06 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $19.14 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Vornado Realty Trust (VNO) was trading at $101.01, down $0.44 during day. The stock slid -0.43% over the previous days close. For the week, the stock recorded 0.71% over the previous weeks close.


Also, Citigroup maintains its view on Vornado Realty Trust (NYSE:VNO) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup raises the price target from $106 per share to $116.5 per share on Vornado Realty Trust. The rating by the firm was issued on July 7, 2016.

Vornado Realty Trust (NYSE:VNO): The stock opened at $101.40 on Wednesday but the bulls could not build on the opening and the stock topped out at $101.40 for the day. The stock traded down to $100.72 during the day, due to lack of any buying support eventually closed down at $101.00 with a loss of -0.44% for the day. The stock had closed at $101.45 on the previous day. The total traded volume was 1,091,945 shares.

The stock has recorded a 20-day Moving Average of 1.64% and the 50-Day Moving Average is 3.91%. In a related news, Macnow Joseph, officer (EVP-Finance, Chief Admin. Of) of Vornado Realty Trust, unloaded 4,500 shares at an average price of $25.08 on September 22, 2015. The total amount of the transaction was worth $112,860, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Vornado Realty Trust (Vornado) is a fully integrated real estate investment trust (REIT). The Company conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). The Company is the sole general partner of, and owned approximately 94.1% of the common limited partnership interest in the Operating Partnership. The Companys segments include New York, Washington, DC and Toys R Us (Toys). The Companys other investments includes The Mart, 555 California Street, Vornado Capital Partners Real Estate Fund and Toys R Us, Inc. The Company is the general partner and investment manager of Vornado Capital Partners Real Estate Fund.

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