Vornado Realty Trust $VNO Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in Vornado Realty Trust (NYSE:VNO) by 21.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 295,821 shares of the real estate investment trust’s stock after acquiring an additional 51,764 shares during the period. Quantinno Capital Management LP’s holdings in Vornado Realty Trust were worth $7,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Danske Bank A S purchased a new stake in Vornado Realty Trust during the 3rd quarter worth $28,000. Farmers & Merchants Investments Inc. raised its position in Vornado Realty Trust by 512.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 858 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 718 shares during the period. Advisory Services Network LLC purchased a new position in Vornado Realty Trust in the third quarter valued at about $33,000. Employees Retirement System of Texas acquired a new position in shares of Vornado Realty Trust during the fourth quarter worth about $36,000. Finally, Inspire Investing LLC acquired a new position in shares of Vornado Realty Trust during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 90.02% of the company’s stock.

Analyst Upgrades and Downgrades

VNO has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Vornado Realty Trust from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Truist Financial upped their price target on Vornado Realty Trust from $28.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Citigroup lifted their price objective on shares of Vornado Realty Trust from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Morgan Stanley downgraded shares of 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 note on Wednesday, July 22nd. Finally, Scotiabank lifted their price target on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Vornado Realty Trust currently has a consensus rating of “Hold” and an average price target of $39.33.

Vornado Realty Trust Trading Down 2.6%

Shares of VNO opened at $39.84 on Thursday. The company has a market capitalization of $7.44 billion, a P/E ratio of 1,992.85, a P/E/G ratio of 2.06 and a beta of 1.53. Vornado Realty Trust has a one year low of $24.57 and a one year high of $43.37. The company has a debt-to-equity ratio of 1.56, a quick ratio of 6.14 and a current ratio of 5.24. The stock has a 50-day moving average price of $38.38 and a 200 day moving average price of $32.40.

Vornado Realty Trust (NYSE:VNO) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.49). Vornado Realty Trust had a net margin of 3.71% and a return on equity of 1.37%. 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 business earned $0.56 EPS. Vornado Realty Trust’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that Vornado Realty Trust will post 2.34 EPS for the current fiscal year.

Vornado Realty Trust announced that its board has authorized a stock buyback program on Wednesday, April 29th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at Vornado Realty Trust

In related news, Director Russell B. Wight, Jr. purchased 4,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was acquired at an average price of $16.94 per share, with a total value of $67,760.00. Following the completion of the transaction, the director owned 13,000 shares of the company’s stock, valued at $220,220. This represents a 44.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael D. Fascitelli sold 133,350 shares of Vornado Realty Trust stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $36.62, for a total transaction of $4,883,277.00. Following the completion of the sale, the director owned 475,161 shares of the company’s stock, valued at approximately $17,400,395.82. This trade represents a 21.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 9.00% of the company’s stock.

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.