Bayforest Capital Ltd Buys Shares of 7,945 Vornado Realty Trust (NYSE:VNO)

Key Points

• Bayforest Capital Ltd has acquired 7,945 shares of Vornado Realty Trust (NYSE:VNO), valued at approximately $294,000, as part of its first-quarter investments.
• Vornado's stock is down 0.5%, with a market capitalization of $7.37 billion, following mixed ratings from analysts and projections for $2.31 earnings per share in the current fiscal year.
• Insider transactions include the sale of 20,000 shares by EVP Haim Chera, leading to a 40% decrease in his ownership stake to 30,000 shares, valued at about $1.14 million.

Bayforest Capital Ltd purchased a new position in Vornado Realty Trust (NYSE:VNO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,945 shares of the real estate investment trust's stock, valued at approximately $294,000.

Other hedge funds have also modified their holdings of the company. FIL Ltd bought a new stake in Vornado Realty Trust during the fourth quarter valued at about $49,000. UMB Bank n.a. lifted its holdings in shares of Vornado Realty Trust by 67.7% in the first quarter. UMB Bank n.a. now owns 1,295 shares of the real estate investment trust's stock worth $48,000 after buying an additional 523 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Vornado Realty Trust by 23.3% in the first quarter. Assetmark Inc. now owns 1,835 shares of the real estate investment trust's stock worth $68,000 after buying an additional 347 shares in the last quarter. Friedenthal Financial purchased a new position in shares of Vornado Realty Trust in the first quarter worth $75,000. Finally, Quarry LP lifted its holdings in shares of Vornado Realty Trust by 55.4% in the fourth quarter. Quarry LP now owns 2,135 shares of the real estate investment trust's stock worth $90,000 after buying an additional 761 shares in the last quarter. 90.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vornado Realty Trust

In other news, EVP Haim Chera sold 20,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $37.98, for a total value of $759,600.00. Following the sale, the executive vice president owned 30,000 shares of the company's stock, valued at approximately $1,139,400. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 8.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VNO. Wall Street Zen raised shares of Vornado Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Piper Sandler boosted their target price 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. Truist Financial boosted their target price on shares of Vornado Realty Trust from $37.00 to $38.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Mizuho lowered their target price 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. Finally, Scotiabank boosted their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $38.09.

Vornado Realty Trust Price Performance

Vornado Realty Trust stock traded down $0.75 during mid-day trading on Friday, reaching $37.67. 1,332,578 shares of the company's stock traded hands, compared to its average volume of 1,399,139. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 72.44, a PEG ratio of 13.90 and a beta of 1.56. The stock has a 50 day moving average of $38.93 and a two-hundred day moving average of $38.63. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.81. Vornado Realty Trust has a 12-month low of $26.19 and a 12-month high of $46.63.

Vornado Realty Trust (NYSE:VNO - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $461.58 million for the quarter, compared to the consensus estimate of $452.68 million. Vornado Realty Trust had a net margin of 9.17% and a return on equity of 3.83%. Vornado Realty Trust's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Equities analysts forecast that Vornado Realty Trust will post 2.31 earnings per share for the current year.

About Vornado Realty Trust

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