SG Americas Securities LLC Buys 276,104 Shares of Vornado Realty Trust $VNO

SG Americas Securities LLC raised its stake in Vornado Realty Trust (NYSE:VNO) by 376.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 349,468 shares of the real estate investment trust’s stock after purchasing an additional 276,104 shares during the period. SG Americas Securities LLC’s holdings in Vornado Realty Trust were worth $9,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Vornado Realty Trust by 4.8% in the 4th quarter. Farther Finance Advisors LLC now owns 7,706 shares of the real estate investment trust’s stock valued at $256,000 after buying an additional 351 shares in the last quarter. Signaturefd LLC raised its stake in shares of Vornado Realty Trust by 2.0% during the 4th quarter. Signaturefd LLC now owns 19,976 shares of the real estate investment trust’s stock worth $665,000 after acquiring an additional 389 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Vornado Realty Trust by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 39,320 shares of the real estate investment trust’s stock valued at $1,504,000 after acquiring an additional 391 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Vornado Realty Trust by 15.5% during the third quarter. Brown Brothers Harriman & Co. now owns 2,976 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 400 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Vornado Realty Trust by 4.2% in the third quarter. Crossmark Global Holdings Inc. now owns 11,193 shares of the real estate investment trust’s stock valued at $454,000 after acquiring an additional 450 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael D. Fascitelli sold 133,350 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total value of $4,883,277.00. Following the completion of the transaction, the director owned 475,161 shares in the company, valued at $17,400,395.82. This trade represents a 21.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Russell B. Wight, Jr. purchased 4,000 shares of the stock in a transaction on Monday, June 8th. The shares were purchased at an average cost of $16.94 per share, with a total value of $67,760.00. Following the transaction, the director owned 13,000 shares in the company, valued at $220,220. This trade represents a 44.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 9.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on VNO. Morgan Stanley cut their price target on shares of Vornado Realty Trust from $32.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Truist Financial increased their price objective on Vornado Realty Trust from $28.00 to $39.00 and gave the company a “hold” rating in a report on Friday. Piper Sandler lowered their price objective on Vornado Realty Trust from $36.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Citigroup boosted their target price on Vornado Realty Trust from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings raised Vornado Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.33.

Vornado Realty Trust Stock Up 2.8%

NYSE:VNO opened at $39.14 on Friday. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 1.54. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37. The company has a market cap of $7.36 billion, a PE ratio of 10.75, a P/E/G ratio of 1.97 and a beta of 1.56. The company’s 50 day moving average is $33.35 and its two-hundred day moving average is $31.30.

Vornado Realty Trust (NYSE:VNO) last posted its quarterly earnings results on Monday, May 4th. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Vornado Realty Trust had a return on equity of 15.82% and a net margin of 43.99%.The company had revenue of $459.11 million during the quarter, compared to analysts’ expectations of $431.71 million. During the same period in the prior year, the business posted $0.63 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Analysts anticipate that Vornado Realty Trust will post 2.34 EPS for the current year.

Vornado Realty Trust declared that its Board of Directors has authorized a share repurchase plan on Wednesday, April 29th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

About Vornado Realty Trust

Vornado Realty Trust is a self‐administered real estate investment trust focused on the ownership, management and redevelopment of office and retail properties. As a fully integrated REIT, the company oversees leasing, property management, building operations and strategic capital improvements designed to enhance asset value and tenant experience. Vornado’s business model emphasizes long‐term cash flow generation through stable rental income and disciplined portfolio optimization.

The company’s core portfolio is concentrated in New York City, where it holds a diverse mix of office towers and street‐level retail assets in prominent submarkets such as Midtown and the Penn Plaza corridor.