Renaissance Technologies LLC Boosts Position in Vornado Realty Trust $VNO

Renaissance Technologies LLC raised its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 1,758.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 163,499 shares of the real estate investment trust’s stock after acquiring an additional 154,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Vornado Realty Trust were worth $4,249,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VNO. Norges Bank acquired a new stake in shares of Vornado Realty Trust in the fourth quarter worth $579,709,000. Price T Rowe Associates Inc. MD boosted its position in Vornado Realty Trust by 21.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust’s stock worth $301,300,000 after purchasing an additional 1,598,643 shares during the period. Resolution Capital Ltd purchased a new stake in shares of Vornado Realty Trust in the second quarter worth about $49,565,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Vornado Realty Trust by 393,598.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,051,175 shares of the real estate investment trust’s stock worth $34,983,000 after acquiring an additional 1,050,908 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Vornado Realty Trust by 129.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,398,378 shares of the real estate investment trust’s stock valued at $36,344,000 after purchasing an additional 788,067 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of $16.94 per share, with a total value of $67,760.00. Following the acquisition, the director owned 13,000 shares in the company, valued at approximately $220,220. This trade represents a 44.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael D. Fascitelli sold 133,350 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the transaction, the director owned 475,161 shares of the company’s stock, valued at $17,400,395.82. This represents a 21.91% decrease in their position. The SEC filing for this sale provides additional information. 9.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial increased their price target on Vornado Realty Trust from $28.00 to $39.00 and gave the company a “hold” rating in a report on Friday, June 26th. Morgan Stanley lowered Vornado Realty Trust from an “equal weight” rating to an “underweight” rating and set a $32.00 target price for the company. in a research report on Wednesday, July 22nd. UBS Group downgraded Vornado Realty Trust to an “underweight” rating in a report on Wednesday, July 22nd. Piper Sandler upped their price target on Vornado Realty Trust from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Barclays raised their price objective on Vornado Realty Trust from $29.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.33.

Vornado Realty Trust Price Performance

Shares of NYSE:VNO opened at $38.94 on Friday. The company has a quick ratio of 6.14, a current ratio of 5.24 and a debt-to-equity ratio of 1.56. Vornado Realty Trust has a fifty-two week low of $24.57 and a fifty-two week high of $43.37. The firm has a 50-day simple moving average of $38.48 and a 200 day simple moving average of $32.44. The company has a market cap of $7.27 billion, a PE ratio of 1,947.72, a P/E/G ratio of 2.01 and a beta of 1.53.

Vornado Realty Trust (NYSE:VNO) last released its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.49). Vornado Realty Trust had a return on equity of 1.37% and a net margin of 3.71%.The business had revenue of $462.24 million for the quarter, compared to analyst estimates of $454.46 million. During the same quarter last year, the company earned $0.56 EPS. Vornado Realty Trust’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side 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 initiated a stock repurchase plan on Wednesday, April 29th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the real estate investment trust to buy up to 5.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Vornado Realty Trust Profile

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.