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

Vert Asset Management LLC grew its position in shares of Vornado Realty Trust (NYSE:VNO) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,740 shares of the real estate investment trust’s stock after purchasing 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 largest position. Vert Asset Management LLC’s holdings in Vornado Realty Trust were worth $2,654,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of VNO. Norges Bank purchased a new stake in Vornado Realty Trust in the fourth quarter worth approximately $729,073,000. Principal Financial Group Inc. lifted its holdings in shares of 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 acquiring an additional 3,575,593 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of 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 acquiring an additional 1,651,819 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of 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 valued at $102,373,000 after purchasing an additional 1,567,742 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of 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 purchasing an additional 1,358,498 shares during the last quarter. 90.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VNO. Morgan Stanley lifted their target price on shares of Vornado Realty Trust from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, March 14th. Truist Financial raised their price objective on Vornado Realty Trust from $37.00 to $38.00 and gave the company a “hold” rating in a research note on Tuesday, June 3rd. Wall Street Zen upgraded Vornado Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Barclays increased their target price on Vornado Realty Trust from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, March 14th. Finally, Piper Sandler raised their price target on Vornado Realty Trust from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.91.

Insider Buying and Selling

In other Vornado Realty Trust news, EVP Haim Chera sold 20,000 shares of Vornado Realty Trust 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 completion of the transaction, the executive vice president now owns 30,000 shares in the company, valued at approximately $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.42% of the stock is currently owned by company insiders.

Vornado Realty Trust Price Performance

Shares of Vornado Realty Trust stock opened at $40.29 on Monday. The business has a 50 day moving average of $36.52 and a 200 day moving average of $39.51. Vornado Realty Trust has a 52 week low of $23.50 and a 52 week high of $46.63. The company has a market cap of $7.73 billion, a PE ratio of 1,007.33, a P/E/G ratio of 9.69 and a beta of 1.52. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 1.98.

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

Vornado Realty Trust Profile

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