Acadian Asset Management LLC Invests $3.34 Million in Vornado Realty Trust $VNO

Key Points

• Acadian Asset Management LLC has made a new investment in Vornado Realty Trust, acquiring 90,384 shares valued at approximately $3.34 million.
• Insider activity includes the sale of 30,000 shares by EVP Haim Chera, totaling over $1.18 million.
• Vornado Realty Trust reported a quarterly EPS of $0.56, exceeding analysts' expectations of $0.53, but experienced a 2.0% decline in revenue year-over-year.

Acadian Asset Management LLC bought a new stake in Vornado Realty Trust (NYSE:VNO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 90,384 shares of the real estate investment trust's stock, valued at approximately $3,341,000.

Several other large investors have also recently bought and sold shares of VNO. Signaturefd LLC increased its holdings in shares of Vornado Realty Trust by 1.4% during the first quarter. Signaturefd LLC now owns 20,482 shares of the real estate investment trust's stock worth $758,000 after purchasing an additional 282 shares during the period. Compound Planning Inc. lifted its holdings in shares of Vornado Realty Trust by 4.4% during the first quarter. Compound Planning Inc. now owns 7,341 shares of the real estate investment trust's stock worth $272,000 after purchasing an additional 311 shares during the period. Fifth Third Bancorp raised its stake in Vornado Realty Trust by 16.4% during the first quarter. Fifth Third Bancorp now owns 2,214 shares of the real estate investment trust's stock worth $82,000 after buying an additional 312 shares during the last quarter. Norinchukin Bank The raised its stake in Vornado Realty Trust by 4.7% during the first quarter. Norinchukin Bank The now owns 7,664 shares of the real estate investment trust's stock worth $283,000 after buying an additional 341 shares during the last quarter. Finally, Vident Advisory LLC increased its stake in Vornado Realty Trust by 4.7% in the fourth quarter. Vident Advisory LLC now owns 7,667 shares of the real estate investment trust's stock valued at $322,000 after purchasing an additional 344 shares in the last quarter. 90.02% of the stock is owned by institutional investors.

Insider Activity at Vornado Realty Trust

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

Vornado Realty Trust Trading Up 2.3%

Shares of VNO opened at $42.98 on Monday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 6.82 and a current ratio of 6.82. Vornado Realty Trust has a fifty-two week low of $29.68 and a fifty-two week high of $46.63. The stock has a market capitalization of $8.25 billion, a PE ratio of 10.64, a P/E/G ratio of 5.46 and a beta of 1.58. The company's fifty day moving average is $38.47 and its 200 day moving average is $37.89.

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 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The firm had revenue of $441.44 million for the quarter, compared to analysts' expectations of $468.79 million. Vornado Realty Trust had a net margin of 48.49% and a return on equity of 19.64%. The business's revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. Sell-side analysts expect that Vornado Realty Trust will post 2.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Scotiabank reduced their price objective on shares of Vornado Realty Trust from $45.00 to $40.00 and set a "sector perform" rating for the company in a research report on Thursday, August 28th. Piper Sandler upped 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. Mizuho reduced 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. Bank of America dropped their price target on shares of Vornado Realty Trust from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Monday, August 25th. Finally, Truist Financial raised their target price on shares of Vornado Realty Trust from $38.00 to $40.00 and gave the stock a "hold" rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $38.45.

About Vornado Realty Trust

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

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