111 Capital Buys Shares of 9,949 Vornado Realty Trust $VNO

Key Points

• 111 Capital has acquired 9,949 shares of Vornado Realty Trust, valued at approximately $380,000, as per their recent SEC filing.
• Vornado Realty Trust reported earnings of $0.56 per share for the last quarter, surpassing estimates, though its revenues declined from the previous year.
• Research analysts have varied opinions on Vornado Realty Trust, with target prices ranging from $34.00 to $46.00 and a consensus rating of Hold.

111 Capital acquired a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,949 shares of the real estate investment trust's stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VNO. Twin Tree Management LP lifted its position in Vornado Realty Trust by 102.1% during the 1st quarter. Twin Tree Management LP now owns 785 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 38,585 shares in the last quarter. UMB Bank n.a. raised its stake in Vornado Realty Trust by 67.7% during the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 523 shares during the period. Assetmark Inc. lifted its holdings in shares of Vornado Realty Trust by 23.3% in the 1st quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 347 shares during the last quarter. Friedenthal Financial bought a new position in shares of Vornado Realty Trust during the first quarter worth about $75,000. Finally, Fifth Third Bancorp increased its stake in shares of Vornado Realty Trust by 16.4% in the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 312 shares during the period. 90.02% of the stock is currently owned by hedge funds and other institutional investors.

Vornado Realty Trust Price Performance

Shares of VNO opened at $40.97 on Monday. The stock has a market capitalization of $7.87 billion, a P/E ratio of 10.14, a P/E/G ratio of 4.98 and a beta of 1.59. Vornado Realty Trust has a twelve month low of $29.68 and a twelve month high of $46.63. The company has a 50 day moving average of $39.20 and a 200-day moving average of $38.18. The company has a quick ratio of 6.82, a current ratio of 6.82 and a debt-to-equity ratio of 1.40.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Vornado Realty Trust had a return on equity of 19.64% and a net margin of 48.49%.The company had revenue of $441.44 million for the quarter, compared to analysts' expectations of $468.79 million. During the same quarter in the prior year, the business posted $0.57 EPS. The business's revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Insider Activity

In other Vornado Realty Trust news, EVP Haim Chera sold 30,000 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $39.64, for a total value of $1,189,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Scotiabank decreased their target price on Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a research note on Thursday, August 28th. Truist Financial lifted their target price on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the company a "hold" rating in a research note on Friday, September 12th. Citigroup raised shares of Vornado Realty Trust from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $34.00 to $42.00 in a research report on Friday, September 12th. Evercore ISI increased their price target on Vornado Realty Trust from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Vornado Realty Trust in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $38.64.

Vornado Realty Trust Profile

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

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