Vert Asset Management LLC Raises Stock Position in Vornado Realty Trust (NYSE:VNO)

Vert Asset Management LLC raised its holdings in shares of Vornado Realty Trust (NYSE:VNO) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,740 shares of the real estate investment trust’s stock after acquiring an additional 1,232 shares during the quarter. Vornado Realty Trust makes up about 0.9% of Vert Asset Management LLC’s investment portfolio, making the stock its 26th biggest position. Vert Asset Management LLC’s holdings in Vornado Realty Trust were worth $2,654,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VNO. Norges Bank purchased a new stake in shares of Vornado Realty Trust during the fourth quarter worth about $729,073,000. Principal Financial Group Inc. lifted its holdings in Vornado Realty Trust by 126.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,396,551 shares of the real estate investment trust’s stock worth $268,912,000 after purchasing an additional 3,575,593 shares in the last quarter. Invesco Ltd. boosted its stake in Vornado Realty Trust by 111.3% in the 4th quarter. Invesco Ltd. now owns 3,135,900 shares of the real estate investment trust’s stock worth $131,833,000 after purchasing an additional 1,651,819 shares during the period. Deutsche Bank AG boosted its stake in Vornado Realty Trust by 180.7% in the 4th quarter. Deutsche Bank AG now owns 2,435,127 shares of the real estate investment trust’s stock worth $102,373,000 after purchasing an additional 1,567,742 shares during the period. Finally, Northern Trust Corp grew its holdings in Vornado Realty Trust by 98.3% during the 4th quarter. Northern Trust Corp now owns 2,741,129 shares of the real estate investment trust’s stock valued at $115,237,000 after buying an additional 1,358,498 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Stock Up 2.9%

Shares of NYSE:VNO opened at $40.29 on Monday. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 1.98. Vornado Realty Trust has a 12 month low of $23.50 and a 12 month high of $46.63. The company has a 50-day moving average price of $36.52 and a 200 day moving average price of $39.51. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 1,007.33, a PEG ratio of 9.69 and a beta of 1.52.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $461.58 million for the quarter, compared to the consensus estimate of $452.68 million. Vornado Realty Trust had a return on equity of 1.60% and a net margin of 3.94%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. As a group, equities research analysts predict that Vornado Realty Trust will post 2.31 earnings per share for the current year.

Insider Activity

In related news, EVP Haim Chera sold 20,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.98, for a total transaction of $759,600.00. Following the sale, the executive vice president now owns 30,000 shares in the company, valued at approximately $1,139,400. This represents a 40.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on VNO. Wall Street Zen raised shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Truist Financial boosted their price target on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Piper Sandler raised their price objective on Vornado Realty Trust from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. Compass Point lifted their target price on Vornado Realty Trust from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Barclays increased their price target on Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, March 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $37.91.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a fully – integrated equity real estate investment trust.