Adelante Capital Management LLC acquired a new stake in shares of Vornado Realty Trust (NYSE:VNO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 687,780 shares of the real estate investment trust's stock, valued at approximately $27,030,000. Vornado Realty Trust accounts for approximately 1.8% of Adelante Capital Management LLC's holdings, making the stock its 18th largest position. Adelante Capital Management LLC owned approximately 0.37% of Vornado Realty Trust as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Vornado Realty Trust in the fourth quarter worth approximately $579,709,000. Resolution Capital Ltd raised its stake in Vornado Realty Trust by 34.1% in the first quarter. Resolution Capital Ltd now owns 7,459,981 shares of the real estate investment trust's stock valued at $193,885,000 after purchasing an additional 1,895,846 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Vornado Realty Trust by 21.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,053,407 shares of the real estate investment trust's stock valued at $301,300,000 after purchasing an additional 1,598,643 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Vornado Realty Trust by 393,598.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,051,175 shares of the real estate investment trust's stock valued at $34,983,000 after purchasing an additional 1,050,908 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Vornado Realty Trust by 129.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,398,378 shares of the real estate investment trust's stock worth $36,344,000 after buying an additional 788,067 shares in the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Scotiabank raised their price objective on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 21st. LADENBURG THALM/SH SH upped their target price on shares of Vornado Realty Trust from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Mizuho increased their target price on Vornado Realty Trust from $34.00 to $42.00 and gave the company an "outperform" rating in a research note on Tuesday, July 21st. UBS Group downgraded Vornado Realty Trust to an "underweight" rating in a research report on Wednesday, July 22nd. Finally, Morgan Stanley lowered Vornado Realty Trust from an "equal weight" rating to an "underweight" rating and set a $32.00 price target for the company. in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Vornado Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $39.82.
Read Our Latest Stock Analysis on Vornado Realty Trust
Vornado Realty Trust Stock Performance
Vornado Realty Trust stock opened at $38.97 on Thursday. The firm has a fifty day simple moving average of $39.18 and a two-hundred day simple moving average of $33.14. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 1.56. Vornado Realty Trust has a twelve month low of $24.57 and a twelve month high of $43.37. The company has a market capitalization of $7.28 billion, a PE ratio of 1,949.47, a P/E/G ratio of 1.84 and a beta of 1.53.
Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.49). The company had revenue of $462.24 million during the quarter, compared to analysts' expectations of $454.46 million. Vornado Realty Trust had a return on equity of 1.37% and a net margin of 3.71%.The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. Research analysts expect that Vornado Realty Trust will post 2.35 EPS for the current year.
Vornado Realty Trust declared that its board has initiated a share repurchase plan on Wednesday, April 29th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
Insider Activity at Vornado Realty Trust
In other news, Director Michael D. Fascitelli sold 133,350 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $36.62, for a total value of $4,883,277.00. Following the transaction, the director owned 475,161 shares in the company, valued at approximately $17,400,395.82. This trade represents a 21.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Russell B. Wight, Jr. bought 4,000 shares of the business's stock in a transaction dated Monday, June 8th. The stock was purchased at an average price of $16.94 per share, for a total transaction of $67,760.00. Following the acquisition, the director directly owned 13,000 shares of the company's stock, valued at approximately $220,220. The trade was a 44.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 9.00% of the company's stock.
About Vornado Realty Trust
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding VNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vornado Realty Trust (NYSE:VNO - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Vornado Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vornado Realty Trust wasn't on the list.
While Vornado Realty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
