18,910 Shares in Vornado Realty Trust (NYSE:VNO) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired 18,910 shares of Vornado Realty Trust (NYSE:VNO), valued at approximately $699,000, indicating strong interest from institutional investors.
• Vornado Realty Trust reported earnings of $0.56 per share for the latest quarter, surpassing expectations but showing a 2% decline in revenue year-over-year.
• Analysts have set a consensus price target of $38.09 for Vornado Realty Trust, with ratings ranging from "sell" to "buy" and a predominant rating of "hold."

XTX Topco Ltd purchased a new position in shares of Vornado Realty Trust (NYSE:VNO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,910 shares of the real estate investment trust's stock, valued at approximately $699,000.

Several other large investors have also made changes to their positions in VNO. LPL Financial LLC boosted its position in Vornado Realty Trust by 11.9% in the fourth quarter. LPL Financial LLC now owns 78,917 shares of the real estate investment trust's stock valued at $3,318,000 after buying an additional 8,398 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in Vornado Realty Trust by 33.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,795 shares of the real estate investment trust's stock valued at $370,000 after buying an additional 2,205 shares in the last quarter. Geode Capital Management LLC boosted its position in Vornado Realty Trust by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 3,131,504 shares of the real estate investment trust's stock valued at $131,686,000 after buying an additional 25,209 shares in the last quarter. Wells Fargo & Company MN boosted its position in Vornado Realty Trust by 2.8% in the fourth quarter. Wells Fargo & Company MN now owns 609,300 shares of the real estate investment trust's stock valued at $25,615,000 after buying an additional 16,811 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in Vornado Realty Trust in the fourth quarter valued at approximately $2,763,000. Institutional investors and hedge funds own 90.02% of the company's stock.

Vornado Realty Trust Trading Up 2.7%

VNO opened at $38.67 on Tuesday. Vornado Realty Trust has a 1-year low of $26.19 and a 1-year high of $46.63. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.81. The company has a market cap of $7.42 billion, a P/E ratio of 74.37, a price-to-earnings-growth ratio of 13.62 and a beta of 1.56. The company has a fifty day moving average price of $38.96 and a two-hundred day moving average price of $38.57.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. The firm had revenue of $441.44 million during the quarter, compared to the consensus estimate of $468.79 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business's revenue was down 2.0% compared to the same quarter last year. Analysts predict that Vornado Realty Trust will post 2.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on VNO shares. Truist Financial raised their target price on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Scotiabank lifted their price target on shares of Vornado Realty Trust from $42.00 to $45.00 and gave the stock a "sector perform" rating in a report on Monday, July 14th. Mizuho cut their price target on shares of Vornado Realty Trust from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Monday, July 14th. Piper Sandler lifted their price target on shares of Vornado Realty Trust from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Vornado Realty Trust presently has an average rating of "Hold" and a consensus price target of $38.09.

Insider Activity at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $37.98, for a total transaction of $759,600.00. Following the completion of the sale, the executive vice president directly owned 30,000 shares of the company's stock, valued at $1,139,400. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.42% of the stock is currently owned by insiders.

About Vornado Realty Trust

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

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